Ripple Integrates RLUSD Into Flutterwave’s African Payment Network
- Ripple has invested in Flutterwave, a $3.2 billion payments firm, to integrate Ripple USD (RLUSD), its U.S. dollar-backed stablecoin, into African payment networks.
- Flutterwave’s platform has processed over $50 billion in transactions across major markets and raised more than $500 million.
- The integration will use the XRP Ledger (XRPL) for faster clearing and connect Flutterwave’s domestic network with Ripple Payments through a unified API.
- The partnership aims to enhance stablecoin settlement for remittances, local payments, and faster clearing tools.
Ripple’s strategic investment in Flutterwave seeks to leverage the existing payment infrastructure to embed RLUSD into commercial payment flows across Africa, addressing slow settlement and fragmented payment routes.
By integrating RLUSD within Flutterwave’s ecosystem, Ripple aims to streamline cross-border commerce in Africa using stablecoins as a primary settlement asset, potentially transforming how businesses manage payments on the continent. (Source)
