Ripple collaborates with Chipper for African payment solutions
In a recent development, Ripple, the global leader in blockchain-based solutions for payments, has partnered with African fintech company Chipper Cash to enhance cross-border transactions across the continent. This partnership aims to make transactions faster and more cost-effective [1][3][4].
The collaboration integrates Ripple Payments, a crypto-enabled solution, into Chipper Cash's platform. While the specific use of digital assets, such as XRP or stablecoins, is not explicitly detailed in the partnership announcement, Ripple's integration of its USD-backed stablecoin, RLUSD, into its payments solutions could potentially be used in this partnership [3][5].
The partnership is significant in light of Africa's high adoption rate of cryptocurrencies, which has also attracted cybercriminals, as per a warning from Bitcoin.com News [6]. Chipper Cash users in nine African countries can now receive payments globally, 24/7, thanks to this partnership [2].
Meanwhile, Kenya is open to partnering with global cryptocurrency exchange Binance for tech innovation. However, Binance's relationship with the Nigerian government has been strained, with the exchange facing money laundering and tax evasion charges [7].
Elsewhere, Tether and Quidax are collaborating to drive blockchain education in Africa, as per a Coindesk press release. Lisk Incubation Hub applications are also open till April, offering opportunities for African blockchain startups [8]. Chidubem Emelumadu, African Ecosystem Lead at Lisk, was recently featured in a Q&A series about shaping Africa's blockchain future [9].
In the scholarship front, Bybit has partnered with African tech talent development firm Alt School Africa to launch a $100,000 scholarship fund, supporting 1,000 students. Eligibility is based on residency, gender diversity, and high entry exam scores [10]. Bybit Academy applications for Batch 2 are also open till April [11].
As for Zap Africa, they may face challenges against Paystack, according to Techpoint [12]. It's an interesting development in the competitive African fintech landscape.
Ripple Payments runs on the XRP Ledger, where users can send and receive multiple currencies. This partnership underscores Ripple's broader strategy to expand its reach and improve financial infrastructure in Africa through digital asset-based cross-border payments [5].
Sources: [1] https://www.ripple.com/insights/ripple-and-chipper-cash-collaborate-to-enable-faster-blockchain-powered-payments-into-africa/ [2] https://techcrunch.com/2021/03/01/ripple-chipper-cash-partner/ [3] https://www.ccn.com/ripple-chipper-cash-partnership-to-boost-cross-border-payments-in-africa/ [4] https://cointelegraph.com/news/ripple-announces-partnership-with-african-fintech-chipper-cash-to-improve-cross-border-payments [5] https://www.coindesk.com/ripple-chipper-cash-partnership-to-improve-cross-border-payments-in-africa [6] https://news.bitcoin.com/africas-high-crypto-adoption-rate-attracts-cybercriminals-expert-warns/ [7] https://www.bloombergquint.com/onweb/binance-faces-money-laundering-charges-in-nigeria [8] https://lisk.io/blog/lisk-incubation-hub-applications-open-till-april [9] https://www.lisk.io/blog/chidubem-emelumadu-african-ecosystem-lead-at-lisk-featured-in-a-qa-series-about-shaping-africas-blockchain-future [10] https://blog.bybit.com/bybit-academy-scholarship-fund-launch/ [11] https://blog.bybit.com/bybit-academy-batch-2-application-now-open/ [12] https://techpoint.africa/2021/03/01/zap-africa-may-face-challenges-against-paystack/
- The African fintech company Chipper Cash, partnering with Ripple, aims to make cross-border transactions faster and more cost-effective through Ripple Payments, a crypto-enabled solution.
- Chipper Cash users in nine African countries can now receive global payments 24/7, as a result of this partnership, which integrates Ripple Payments into Chipper Cash's platform.
- Despite not explicitly detailing the specific use of digital assets like XRP or stablecoins in the partnership announcement, Ripple's integration of its USD-backed stablecoin, RLUSD, into its payments solutions could potentially be used in this partnership.
- Africa's high adoption rate of cryptocurrencies, a fact that has also attracted cybercriminals, is significant in the context of this partnership.
- Interestingly, Ripple Payments runs on the XRP Ledger, where users can send and receive multiple currencies, underscoring Ripple's broader strategy to expand its reach and improve financial infrastructure in Africa through digital asset-based cross-border payments.
- Meanwhile, Kenya is open to partnering with global cryptocurrency exchange Binance for tech innovation, but Binance's relationship with the Nigerian government has been strained, with charges of money laundering and tax evasion.
- Tether and Quidax are collaborating to drive blockchain education in Africa, while applications for the Lisk Incubation Hub, offering opportunities for African blockchain startups, are open till April.
- Eligibility for Bybit's $100,000 scholarship fund, supporting 1,000 students, is based on residency, gender diversity, and high entry exam scores.
- Chidubem Emelumadu, African Ecosystem Lead at Lisk, is being featured in a Q&A series about shaping Africa's blockchain future.
- As for the competitive African fintech landscape, Zap Africa may face challenges against Paystack, making it an interesting development.
