- Ripple has just partnered with Chipper Cash to improve cross-border payments across Africa using Ripple Payment technology.
- The partnership further cements Ripple’s presence in Africa, especially after its initial expansion through Onafriq in 2023.
- Bettors on PolyMarket have pushed the odds of an XRP ETF being approved in 2025 to as high as 84%, signaling strong market confidence.
Ripple has just partnered with Chipper Cash to improve cross-border payments across Africa using Ripple Payments. This collaboration is geared towards making international money transfers cheaper and more accessible to millions across the continent. Ripple and Chipper Cash plan to improve financial inclusion and modernize Africa’s payment systems. Here are the details.
How Ripple and Chipper Cash Are Expanding Global Payment Rails
Chipper Cash is a widely used African payments platform with over five million users. Because of this existing user base, Ripple Payments will be poised to enable cross-border transfers across nine African nations. Individuals and businesses will be free to conduct business globally, without the friction associated with traditional banking.
Ripple itself has been at the forefront of blockchain-based financial solutions for over a decade. The platform was initially focused on putting fiat currencies on the blockchain. However, with the increasing adoption of crypto payments, the company now sees this as the best logical step in taking digital assets mainstream.
The partnership also further cements Ripple’s presence in Africa, especially after its initial expansion through Onafriq in 2023. So far, Chipper Cash’s integration of blockchain into its services, is positioning the service as a leader in the continent’s digital payments ecosystem. Ripple’s recent legal victory over the SEC has also cleared a path for the company to focus more on its expansion efforts.
Is an XRP ETF on the Horizon?
With the legal uncertainty surrounding Ripple now out of the way, there is speculation about an incoming XRP ETF. Investors and analysts believe that the SEC’s settlement has just removed one of the biggest issues with XRP’s institutional adoption. In particular, bettors on PolyMarket have pushed the odds of an XRP ETF being approved in 2025 to as high as 84%.
According to ETF Store president Nate Geraci, an XRP ETF is inevitable. He believes that major firms like BlackRock and Fidelity will be instrumental to bringing XRP ETFs to market. However, it is important to note that BlackRock itself has previously denied rumors that the firm is considering XRP or other altcoins for ETF products.
Despite this, many industry experts believe that the shifting regulations in the US might lead to BlackRock and other major players reassessing their stance. If an XRP ETF gains approval, it could open the floodgates for institutional investment and boost the cryptocurrency’s credibility further.
Overall, the Ripple-Chipper Cash partnership is one of the biggest milestones in Africa’s financial evolution. Individuals and businesses across the continent can now enjoy faster and more affordable remittances, not to mention greater financial independence.
