Ripple Invests in Flutterwave, Expanding Stablecoin Reach Across Africa

Ripple has made an investment in African fintech Flutterwave as part of its Series E funding round, valuing the company at $3.2 billion.

The partnership will integrate Ripple's U.S. dollar-backed stablecoin, $RLUSD, into Flutterwave's payments infrastructure, allowing businesses to settle international transactions using digital dollars rather than traditional banking networks.

Flutterwave will also connect to Ripple Payments and use the $XRP Ledger blockchain to process transactions, aiming to make cross-border payments faster and cheaper for African businesses.