Ripple, a leading provider of digital asset infrastructure for financial institutions, on 27 March 2025, announced a partnership with Chipper Cash, a financial technology company serving five million customers across nine African countries. The partnership will make it possible to use Ripple Payments to make cross-border payments into Africa more quickly and affordably.

By incorporating Ripple’s cryptocurrency-based payment platform, Chipper Cash aims to quicken global money transfers and enable users to receive money from anywhere in the world at any given time. The partnership has been designed to tackle some of the most vexing issues of the African payment market, including high cost, slow speed, and lack of transparency that typify cross-border money transfers, the companies added.  It is expected to reduce transactional costs and processing times, in turn making the circulation of money into Africa more efficient.

The Role of Blockchain in Africa’s Financial Inclusion

According to Reuters, the cross-border trade in Africa has always been thwarted by reliance on intermediate currencies, excessive fees, and processing delays. However, blockchain-based technologies will facilitate these transactions to a great extent by allowing direct peer-to-peer transfers, at the same time reducing costs and increasing efficiency. These persistent issues are beginning to be addressed by blockchain technology, particularly as a result of Ripple’s partnership with Chipper Cash. The collaboration is in line with Ripple’s continuous plan to grow in developing nations where blockchain usage is quickening. The data indicates that the demand for crypto-enabled payments is rising across Africa, particularly in the remittance and business-to-business (B2B) sectors.

Reece Merrick, Managing Director for the Middle East and Africa at Ripple, discussed the cooperation with Chipper Cash and stressed its strategic significance.

“Our partnership with Chipper Cash marks a key milestone in the expansion of Ripple’s business in Africa. Consumers and businesses across the continent are increasingly recognizing the potential of blockchain technology, and we are excited to bring our crypto-enabled payments solution to our partners in the region.” 

In another statement, the Co-Founder & CEO of Chipper Cash, Ham Serunjogi, said: 

“Crypto-enabled payments have the potential to enable greater financial inclusion, accelerate access to global markets, and empower businesses and individuals across Africa.”

XRP Price Unmoved Despite Ripple’s African Expansion

According to the latest report published by cryptocurrency index fund manager Bitwise Asset Management, under the best-case scenario, XRP might hit $29.32 by 2030. The capital asset pricing model (CAPM) serves as the basis for the forecast, which takes into account XRP’s prospective expansion in two significant sectors: asset tokenization and cross-border payments. Bitwise thinks that even a little portion of these enormous markets might propel XRP’s market value to previously unheard-of heights, potentially surpassing Microsoft’s current market capitalization. By the end of the decade, XRP’s entire market capitalization may reach $2.9 trillion, according to the report’s most optimistic prediction.

Despite this analysis and the partnership announcement, XRP’s market price has remained largely unchanged. The price of XRP as of March 28, 2025, at the time of writing, staggers around $2.23, which is a minor drop from earlier levels. The agreement uses the XRP cryptocurrency and Ripple’s blockchain technology to enable quicker and more affordable international transactions. Earlier XRP tested the support zone around $2.34 and it is estimated that  if it drops below this level it can further plummet to $1.96.

Analysts see a pattern that suggests XRP could rise from March 30 to April 25. It can test resistances of $2.70, $3.08, and $3.40 with increased buying pressure, potentially surpassing its all-time high. Given market indicators that point to increasing price volatility, the coming weeks could be significant. XRP might start a powerful rally akin to past bull cycles if it breaks through important resistance levels. However, traders are also watching for signs of a possible price decline around the $2.24–$2.30 support level.