Ripple bets on the African payments track, RLUSD joins Flutterwave, and behind the $3.2 billion valuation is the collision of traditional finance and on-chain settlement. The cost structure of cross-border remittances is about to change.

CryptoWorld News reports that Ripple has invested in African payments company Flutterwave during its Series E funding round, aiming to expand the use of stablecoins in cross-border payments. Flutterwave stated that this funding round values the company at $3.2 billion. Ripple's investment will integrate its USD-backed stablecoin RLUSD into Flutterwave's payment infrastructure, allowing businesses to settle international transactions using digital dollars. The partnership will connect Flutterwave to Ripple's global payment network and utilize the XRP Ledger blockchain to process transactions. Both parties stated that the goal is to make international fund transfers easier and cheaper for African businesses.