Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa
Ripple has invested in the African payments company Flutterwave to integrate its RLUSD stablecoin and XRP Ledger into the continent's payment infrastructure. The partnership aims to lower costs and increase efficiency for cross-border business transactions.
Why it matters
This deal highlights the growing adoption of stablecoins as a practical tool for international remittances and liquidity management in emerging markets.
Flutterwave said Tuesday that the funding round values the company at $3.2 billion. Financial terms of Ripple s stake were not disclosed.
The article reports on a business partnership using industry-standard terminology without taking a stance on crypto-assets.
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