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\u2019s RLUSD, Ripple Payments, and the XRP Ledger set to be integrated into Flutterwave\u2019s 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\u2019s payment rails and Send App remittance corridors, while XRPL will be used for faster transaction clearing.<\/p>\n The goal is practical settlement \u2013 both companies said the integration will combine Flutterwave\u2019s local payment methods, including bank transfers, mobile wallets, cards, and more, with Ripple\u2019s existing blockchain infrastructure.<\/p>\n Commenting on the matter was Reece Merrick, Managing Director, MEA at Ripple, who said:<\/p>\n \u201cOur 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\u2019 speed and efficiency to cross-border transactions in the region, opening up faster, lower-cost financial services to businesses and consumers at scale.\u201d<\/p>\n The move also fits Ripple\u2019s 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>","protected":false},"excerpt":{"rendered":" Ripple has made a strategic investment in Flutterwave, a leading payments company in Africa. The deal aims to expand stablecoin-powered payments across the region, with Ripple\u2019s RLUSD, Ripple Payments, and the XRP Ledger set to be integrated into Flutterwave\u2019s infrastructure. The funding round values the African payment rails provider at $3.2 billion, while the company […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-181759","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/181759"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=181759"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/181759\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=181759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=181759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=181759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Broader Alignment<\/h2>\n