Ripple buys into Flutterwave Series E at $3.2 billion valuation, backs RLUSD integration

Ripple has made a significant investment in Flutterwave, backing its Series E funding round at a $3.2 billion valuation. This move highlights Ripple's commitment to expanding its reach in Africa by integrating its RLUSD stablecoin and XRP Ledger across 34 markets. This partnership aims to enhance cross-border payments and financial inclusion in the region, showcasing Ripple's strategic push into the rapidly growing African fintech sector. The deal underscores the potential of blockchain technology to revolutionize financial services on the continent.