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<\/p>\n
Ripple has made a strategic investment in Flutterwave, a leading payments company in Africa.<\/p>\n
The deal aims to expand stablecoin-powered payments across the region, with Ripple’s RLUSD, Ripple Payments, and the XRP Ledger set to be integrated into Flutterwave’s infrastructure.<\/p>\n
The funding round values the African payment rails provider at $3.2 billion, while the company said it has raised over $500 million and processed over 1 billion transactions worth over $50 billion.<\/p>\n
According to the official release<\/a>, the partnership focuses on using RLUSD as a settlement asset across Flutterwave’s payment rails and Send App remittance corridors, while XRPL will be used for faster transaction clearing.<\/p>\n The goal is practical settlement – both companies said the integration will combine Flutterwave’s local payment methods, including bank transfers, mobile wallets, cards, and more, with Ripple’s existing blockchain infrastructure.<\/p>\n Commenting on the matter was Reece Merrick, Managing Director, MEA at Ripple, who said:<\/p>\n “Our investment will establish RLUSD within that infrastructure, with Flutterwave driving stablecoin flows over the XRPL and deepening its role as a settlement layer for real-world payments across the continent. Together we also plan to bring Ripple Payments’ speed and efficiency to cross-border transactions in the region, opening up faster, lower-cost financial services to businesses and consumers at scale.”<\/p>\n<\/blockquote>\n The move also fits Ripple’s broader push to position RLUSD as an enterprise-grade stablecoin rather than just a retail trading asset.<\/p>\n As\u00a0CryptoPotato\u00a0<\/em>recently reported<\/a>, XRP and RLUSD are also being positioned for new XRPL-based payment applications tied to autonomous AI agents.<\/p>\n Moreover, RLUSD has also appeared amid a broader institutional push for stablecoin. Recall that not so long ago, Mastercard expanded<\/a> its stablecoin strategy through partnerships with Ripple and other crypto-oriented firms.<\/p>\n The post Important Ripple (XRP) Update: June 16<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
Broader Alignment<\/h2>\n
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