Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa

CryptoProwl

Tue, June 16, 2026 astatine 9:24 AM CDT 2 min read

Ripple (CRYPTO: $XRP) has taken an equity involvement successful Flutterwave, deepening its propulsion into African payments arsenic stablecoins determination from crypto markets into concern settlement.

Ripple joined Flutterwave's Series E circular astatine a valuation somewhat supra $3 billion, adding a strategical crypto payments backer to 1 of Africa's astir invaluable backstage fintech companies. Bloomberg reported the valuation astatine $3.3 billion, portion Flutterwave's ain merchandise placed the circular astatine $3.2 billion. The companies did not disclose Ripple's concern magnitude oregon the size of the equity stake.

The woody gives Ripple a stronger way into 1 of the world's astir progressive cross-border outgo regions. Flutterwave already provides outgo infrastructure for merchants, enterprises and remittance corridors crossed Africa, and has processed much than 1 cardinal transactions worthy much than $50 cardinal since launch.

More From Cryptoprowl:

• Ripple, The Company Behind XRP, Is Valued At $50 Billion

• Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

• Blockchain Projects Decline 75% As Developers Shift To A.I.

• Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance

• New York Stock Exchange Invests $600 Million In Polymarket

The concern is built astir integrating Ripple's RLUSD (CRYPTO: $RLUSD) stablecoin, Ripple Payments and the XRP Ledger into Flutterwave's outgo infrastructure. Flutterwave said its stablecoin tools are already unrecorded with prime merchants and are being tested crossed parts of its Send App experience.

For Ripple, the involvement gives its stablecoin and blockchain payments stack a clearer way into African commerce, portion adding different organization backer for Flutterwave arsenic the institution builds beyond payments into a broader fiscal operating system.

The timing besides follows a engaged agelong for Flutterwave's integer plus strategy. Earlier this month, the institution announced a concern with Tempo to enactment stablecoin-powered payments and settlements crossed Africa, adding different blockchain obstruction to its payments network.

For Ripple, the involvement extends a broader enlargement beyond XRP into stablecoins, payments, custody and organization infrastructure. RLUSD has go a bigger portion of that transportation arsenic regulated outgo firms look for faster colony and cheaper cross-border liquidity.

The trial present is whether the concern turns stablecoin colony from a merchandise announcement into recurring outgo travel crossed African corridors.

XRP (CRYPTO: XRP) is presently trading astatine $1.23 U.S. per integer token.