Ripple, a cross-border payment service provider, has announced its partnership with Chipper Cash, another payment provider, to enhance cross-border payments across the African continent. This announcement was made on social media platform X by Ripple today, March 27, 2025.
The main aim of this collaboration is to support Chipper Cash’s huge customer base across nine African countries, enabling them to receive funds globally 24/7, by improving the efficiency of value transfers into the continent.
Experts Comment
According to the press release, Reece Merrick, Managing Director for Middle East and Africa at Ripple, emphasized that this partnership is important step in the company’s expansion efforts in Africa. He also noted that with this move, the company will be increasing recognition of blockchain technology’s potential amongst the consumers and businesses within the region.
The Managing Director also said “With over a decade of experience in tokenizing real-world assets, Ripple’s journey began by bringing fiat currencies on-chain to simplify international money transfers. As the global cross-border payments market grows, more institutions like Chipper Cash are tapping into the transformative power of blockchain technology to drive efficiency and innovation.”
Chipper Cash’s CEO, Ham Serunjogi, highlights the potential of crypto-enabled payments in promoting financial inclusion and increasing access to the global markets. The CEO further added “Through integrating with Ripple’s global payments network, we are excited to be able to harness the transformative potential of blockchain technology to enable consumers to receive payments faster and at lower cost.”
Price Impact on XRP
With this development, there has not been a significant change in the price of the XRP token but there surely has been a slight uptick. At press time, the price of the token stands at $2.37 with a surge of 0.3% in the past hour as per CoinGecko.
Ripple’s Expansion Until Now
Ripple has entered every market that there in terms of cross-border payments. This has been possible by leveraging partnerships with financial institutions and payment providers to enhance cross-border payment solutions.
In Africa, Ripple’s collaboration with Chipper Cash is enabling efficient transactions across nine countries. With its partnership with Unicambio, the company has entered the Portuguese market, making instant payments possible between Portuguese and Brazil.
In Asia, Ripple has partnered with SBI Holdings in Japan, where it is streamlining cross-border transactions, while in Europe, collaborations with banks like Santander is carried out to enhance the payment services across the region.
In the United States, Ripple’s partnership with MoneyGram and American express makes it an efficient and domestic portal for payment transfers. Moreover, the company operates within more than 90 payout markets, providing a significant coverage of the global foreign exchange market and utilizing blockchain technology for faster, cheaper and more efficient cross-border payments worldwide.
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