Block's subsidiary TBD, led by Jack Dorsey, has teamed up with Chipper Cash, a fintech company focused on Africa, to streamline cross-border payments. This collaboration aims to expedite consumer remittances and make them more cost-effective. Chipper Cash intends to leverage TBD's decentralized exchange protocol to ensure trusted transactions that adhere to regulations, utilizing verifiable credentials and decentralized identifiers.

Improving Efficiency in Cross-Border Transactions

TBD, a subsidiary of Block under Jack Dorsey's ownership, has entered into a partnership with Nigerian fintech leader Chipper Cash to streamline B2C and B2B cross-border payments across 40 African nations. Chipper Cash will integrate TBD's decentralized exchange (DEX) protocol to enhance the efficiency of cross-border transactions.

According to TBD, the initial focus will be on facilitating faster and more affordable consumer remittances. Over time, the partnership aims to empower small businesses as well. Mike Brock, CEO of TBD, emphasized the challenges of currency liquidity and access to global financial systems in Africa, highlighting the company's commitment to building out the tbDEX ecosystem on the continent, which already includes Yellowcard, the largest licensed stablecoin on/off ramp in Africa.

TBD's Protocol Aims to Transform Remittance Flows to Africa

Brock stated that the addition of Chipper Cash, operating in 21 African countries, will accelerate TBD's efforts in global cross-border payments and decentralized identity.

Maijid Moujaled, president and co-founder of Chipper Cash, expressed optimism about TBD's decentralized exchange protocol, suggesting it could "revolutionize remittance flows into Africa" by reducing the cost of cross-border fund transfers in a more efficient, transparent, and compliant manner.

Chipper Cash plans to utilize tbDEX to facilitate trusted, compliant transactions with verifiable credentials (VCs) and decentralized identifiers (DIDs), aiming to expedite the onboarding and identity verification processes for consumers and smallBlock's subsidiary TBD, led by Jack Dorsey, has teamed up with Chipper Cash, a fintech company focused on Africa, to streamline cross-border payments. This collaboration aims to expedite consumer remittances and make them more cost-effective. Chipper Cash intends to leverage TBD's decentralized exchange protocol to ensure trusted transactions that adhere to regulations, utilizing verifiable credentials and decentralized identifiers.

Improving Efficiency in Cross-Border Transactions

TBD, a subsidiary of Block under Jack Dorsey's ownership, has entered into a partnership with Nigerian fintech leader Chipper Cash to streamline B2C and B2B cross-border payments across 40 African nations. Chipper Cash will integrate TBD's decentralized exchange (DEX) protocol to enhance the efficiency of cross-border transactions.

According to TBD, the initial focus will be on facilitating faster and more affordable consumer remittances. Over time, the partnership aims to empower small businesses as well. Mike Brock, CEO of TBD, emphasized the challenges of currency liquidity and access to global financial systems in Africa, highlighting the company's commitment to building out the tbDEX ecosystem on the continent, which already includes Yellowcard, the largest licensed stablecoin on/off ramp in Africa.

TBD's Protocol Aims to Transform Remittance Flows to Africa

Brock stated that the addition of Chipper Cash, operating in 21 African countries, will accelerate TBD's efforts in global cross-border payments and decentralized identity.

Maijid Moujaled, president and co-founder of Chipper Cash, expressed optimism about TBD's decentralized exchange protocol, suggesting it could "revolutionize remittance flows into Africa" by reducing the cost of cross-border fund transfers in a more efficient, transparent, and compliant manner.

Chipper Cash plans to utilize tbDEX to facilitate trusted, compliant transactions with verifiable credentials (VCs) and decentralized identifiers (DIDs), aiming to expedite the onboarding and identity verification processes for consumers and small businesses. businesses.