Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa
The deal values Flutterwave at $3.2 billion, and will integrate Ripple’s RLUSD and the XRP Ledger network to speed cross-border payments across Africa.
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Summary
- Ripple invested in African fintech Flutterwave’s new funding round, valuing the company at $3.2 billion.
- Flutterwave will integrate Ripple’s RLUSD stablecoin and the XRP Ledger network into its payments and remittance network.
- The companies said the partnership could help businesses move money across borders faster and at lower cost.
