Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa

FinanceRipple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across AfricaThe 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.By Krisztian Sandor|Edited by Nikhilesh De Jun 16, 2026, 3:35 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowRipple 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.Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, invested in African payments company Flutterwave as part of its Series E funding round, a deal centered on expanding the use of stablecoins for cross-border payments.Flutterwave said Tuesday that the funding round values the company at $3.2 billion. Financial terms of Ripple's stake were not disclosed.The deal will integrate Ripple's U.S. dollar-backed stablecoin, RLUSD, into Flutterwave's payments infrastructure, allowing businesses to settle some international transactions using digital dollars rather than relying solely on traditional banking networks.Flutterwave will also connect to Ripple Payments, Ripple's global payments network, and use the XRP Ledger blockchain to process transactions.The companies said the goal is to make it easier and cheaper for businesses across Africa to send and receive money internationally. The deal points to the growing role of stablecoins in international payments, one of the digital asset industry's fastest-growing use cases. While cryptocurrencies are often associated with trading, stablecoins are increasingly being used by businesses and everyday people to move money across bord…

Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa

Coins in this story

Related stories

Coinbase to join tokenized stock race with onchain shares, dividend payments

Ethereum’s biggest protocol overhaul in years moves into its final development stage

Binance says its European regulatory application is compliant despite report of Greek rejection