Stablecoin RLUSD, provided by Ripple, makes its debut in Africa through collaborations with Chipper Cash, VALR, and Yellow Card.
In a significant move, Ripple, the global leader in blockchain solutions for payments, is increasing its activity in Africa. The company's latest initiative, the RLUSD rollout, forms part of this expanding effort.
One of Ripple's key collaborations in April was with Chipper Cash, a digital payments platform popular in Africa. Through this partnership, Ripple Payments were integrated into Chipper Cash's services. Ham Serunjogi, the co-founder and CEO of Chipper Cash, described the launch as transformative for clients on the continent.
Another partnership established in April was with Mercy Corps Ventures and the nonprofit DIVA Donate. This collaboration saw the launch of a pilot program aimed at providing aid to Kenyan herders affected by drought. Ripple's senior vice president of stablecoins, Jack McDonald, announced the extension of RLUSD to African partners as part of this initiative.
The pilot program, which supports Kenyan herders hit by drought, received a boost with Ripple's contribution of 25,000 RLUSD. This addition to the $12,000 previously provided by Mercy Corps Ventures and Arbitrum is expected to widen the program's reach.
While the specific African partners for expanding the use of RLUSD beyond Chipper Cash, VALR, and Yellow Card are not explicitly mentioned in the available sources, these three partners are confirmed to collaborate with Ripple to distribute the RLUSD stablecoin in Africa.
The collaboration with Chipper Cash, the pilot program for Kenyan herders, and the partnership with Mercy Corps Ventures and DIVA Donate all demonstrate Ripple's commitment to making a positive impact in Africa through blockchain technology.
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