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🌍 Ripple Buys Stake in Flutter wave to Expand Crypto Payments Across Africa Ripple has acquired a stake in Flutter wave, one of Africa’s largest fintech companies, in a deal valuing the company at around $3.3 billion, according to Bloomberg.
🔸 As a shareholder rather than just a commercial partner, Ripple is expected to help Flutter wave integrate:
• RLUSD stable coin
• Ripple Payments
• XRP Ledger infrastructure The goal is to make cross-border payments across Africa faster and cheaper.
🔸 Flutterwave currently operates in 35 African countries, making it one of the continent’s biggest payment networks.
🔸 This marks Ripple’s latest move to expand blockchain-based financial infrastructure in Africa — a region seeing rapidly growing demand for low-cost international transfers.
📊 According to Chain#alysis, #crypto #adoption in Sub-Saharan Africa grew 52% last year, with more than $205 billion in on-chain transaction volume, making it the world’s third-fastest-growing crypto market.
Africa is increasingly becoming one of the key battlegrounds for stable coins and blockchain payments.