Important Ripple (XRP) Update: June 16

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’s RLUSD, Ripple Payments, and the XRP Ledger set to be integrated into Flutterwave’s infrastructure.

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.

RLUSD Moves Deeper into Payment Rails

According to the official release, the partnership focuses on using RLUSD as a settlement asset across Flutterwave’s payment rails and Send App remittance corridors, while XRPL will be used for faster transaction clearing.

The goal is practical settlement – both companies said the integration will combine Flutterwave’s local payment methods, including bank transfers, mobile wallets, cards, and more, with Ripple’s existing blockchain infrastructure.

Commenting on the matter was Reece Merrick, Managing Director, MEA at Ripple, who said:

Broader Alignment

The move also fits Ripple’s broader push to position RLUSD as an enterprise-grade stablecoin rather than just a retail trading asset.

As CryptoPotato recently reported, XRP and RLUSD are also being positioned for new XRPL-based payment applications tied to autonomous AI agents.

Moreover, RLUSD has also appeared amid a broader institutional push for stablecoin. Recall that not so long ago, Mastercard expanded its stablecoin strategy through partnerships with Ripple and other crypto-oriented firms.

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