Jack Dorsey’s TBD, Chipper Cash Partner to Streamline Cross-Border Payments in Africa

Block’s subsidiary, TBD, joins forces with African fintech leader Chipper Cash to revolutionize cross-border payments across the continent.

This strategic partnership empowers TBD, the digital payments arm of Block (formerly Square), to expand its reach to 40 African countries. This collaboration leverages Chipper Cash’s established network, already serving millions of users across 21 African nations.

The partnership aims to bridge the gap between traditional financial systems and the burgeoning digital asset space. Mike Brock, CEO of TBD, highlights the company’s mission to “drive financial access to individuals, businesses and payment platforms.”

This initiative holds immense potential for Africa:

  • Faster Transactions: TBD facilitates swifter cross-border payments compared to conventional methods hindered by lengthy identity verification processes.
  • Digital Asset Integration: The platform allows users to not only transfer traditional fiat currency but also digital assets like Bitcoin and stablecoins. Recipients can choose to receive funds in local currency or hold them in their preferred digital format.
  • Financial Inclusion: By providing these innovative financial tools, TBD and Chipper Cash aim to empower African users, developers, fintech companies, and institutions to participate in the digital asset ecosystem.

TBD’s partnership with Chipper Cash signifies a significant stride towards a more inclusive and efficient financial landscape in Africa. This collaboration unlocks new avenues for seamless cross-border transactions and fosters wider adoption of digital assets on the continent.


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