Ripple Invests $3.2B in African Fintech Firm Flutterwave

Ripple has invested in Flutterwave's Series E funding round, valuing the African fintech firm at $3.2 billion.

The partnership aims to speed up the adoption of digital assets and provide faster access to liquidity and settlement speed across Africa.

Flutterwave will integrate Ripple's RLUSD stablecoin, Ripple Payments network, and XRP Ledger into its ecosystem, expanding the use of stablecoins for cross-border payments.

The investment is a significant milestone in Ripple's expansion of payment services beyond cryptocurrency transactions, with RLUSD becoming a key settlement asset.