Ripple invests in Flutterwave to bring RLUSD stablecoin and XRP Ledger to African cross-border payments
By
Krisztian Sandor
Summary
Ripple has invested in African payments company Flutterwave as part of its Series E funding round, which values Flutterwave at $3.2 billion. The deal will integrate Ripple's RLUSD stablecoin and the XRP Ledger network into Flutterwave's payment infrastructure to accelerate cross-border payments across Africa. Financial terms of Ripple's stake were not disclosed.
Source
bskyRipple invests in Flutterwave to bring RLUSD stablecoin and XRP Ledger to African cross-border paymentscoindesk.comKey quotes
· 3 pulledRipple, 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
Flutterwave said Tuesday that the funding round values the company at $3.2 billion
The deal will integrate Ripple's U.S. dollar-backed stablecoin, RLUSD, into Flutterwave's payments infrastructure, allowing businesses to settle
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