Jack Dorsey, the former CEO of Twitter, is supporting a digital payment company called TBD. This company has announced a new partnership with Chipper Cash to help businesses trade across borders in Africa. Their goal is to reach 40 countries in Africa.

TBD is a part of Block, a company co-founded by Jack Dorsey. The partnership with Chipper Cash, a major payment company in Africa, will help TBD enter new markets despite competition.

TBD's CEO, Mike Brock, emphasized the importance of growing their network of countries in a recent interview in Ghana. One unique feature of TBD is its ability to access digital assets. Users can transfer cryptocurrencies directly to someone's wallet or convert them into local currency. Alternatively, recipients can keep the value in Bitcoin, stablecoin, or dollars. This approach connects traditional and newer payment methods.

Brock mentioned that one of TBD's main goals in Africa is to encourage involvement in the digital asset ecosystem. This includes developers, fintech companies, startups, banks, and other institutions.

The adoption of blockchain technology in various markets has led to an increase in cryptocurrency transactions, resulting in faster cross-border payments. Africa has seen a rise in crypto and digital payment companies in recent years, attracting young investors. Chipper Cash, based in San Francisco, has attracted over 5 million customers across 21 African countries. TBD's option to use digital assets for payments is appealing to young Africans, especially as inflation rises in some countries. Bitcoin is seen as a hedge against inflation and a store of value, leading more people to invest in it instead of local currency.

In conclusion, Jack Dorsey's payment platform, TBD, is partnering with Chipper Cash to expand its presence in Africa. By offering the option to use digital assets for payments, TBD aims to attract young users and businesses, bridging the gap between traditional and modern payment methods in the continent's growing economy.