Ripple Bets on Africa’s $3.2B Payments Giant to Push RLUSD Into Cross-Border Commerce

Ripple Brings Its Dollar Stablecoin Into Flutterwave’s Payment Network

Ripple is betting that stablecoins can become a bigger part of everyday business payments in Africa. The company made a strategic investment in Flutterwave, the $3.2 billion payments firm, in a deal that will integrate Ripple USD ($RLUSD), its U.S. dollar-backed stablecoin, into one of the continent’s largest payment networks.

The company helps businesses accept, send, and settle payments through local cards, mobile wallets, bank transfers, and remittance channels. The investment came through Flutterwave’s Series E round, giving Ripple a path to place $RLUSD inside infrastructure already used for African cross-border commerce.

Reece Merrick, Ripple’s managing director for the Middle East and Africa (MEA), said on X:

“$RLUSD embedded in Flutterwave’s payment rails. XRPL for faster clearing. Ripple Payments bridging cross-border corridors across Africa … This is what stablecoin infrastructure looks like in practice.”

Selected high- volume payment rails and Send App remittance corridors will use $RLUSD as a settlement asset. The companies also plan to use the $XRP Ledger (XRPL) for faster clearing, while connecting Flutterwave’s domestic network with Ripple Payments through a unified API.

Scale Gives Ripple a Direct Route Into African Commerce

An established payments network gives the partnership a commercial base. Flutterwave has raised more than $500 million, processed over 1 billion transactions worth more than $50 billion, and plans to connect Ripple’s blockchain-based payments tools with local cards, mobile wallets, and bank transfers.

Flutterwave said:

“By embedding $RLUSD into its core ecosystem, the company is finalizing a ‘stablecoin-first’ payment architecture that eliminates traditional bottlenecks.”

Nigeria holds a central place in the companies’ rollout language. Flutterwave framed the country as a hub for digital asset trade, while the broader partnership targets companies dealing with slow settlement, fragmented payment routes, and high foreign exchange margins across borders.

The investment gives Ripple access to businesses already moving money through African markets rather than requiring adoption of a separate network. That approach places $RLUSD directly inside commercial payment flows, where stablecoins face a growing test of their use in settlement and cross-border commerce.