Bloomberg<\/a>, Flutterwave CEO Olugbenga Agboola said Ripple participated as an equity investor, providing the company with fresh capital while becoming a strategic shareholder. Agboola declined to disclose the size of Ripple\u2019s investment or the percentage ownership the company received through the transaction.<\/p>\nSpeaking to Bloomberg, Agboola said Ripple\u2019s involvement is limited to an equity position rather than a commercial partnership. He added that the structure allows Ripple to benefit from Flutterwave\u2019s future growth as the company continues expanding its payments business across Africa.<\/p>\n
Operating in 35 African countries, Flutterwave has become one of the continent\u2019s largest financial technology companies by building payment infrastructure for businesses, merchants, and consumers. The investment comes as demand for faster and lower-cost international transfers continues to rise across African markets.<\/p>\n
<\/p>\n
Ripple expands payment infrastructure across emerging markets<\/h2>\n
Beyond Africa, Ripple has been adding new payment and settlement networks across several regions during the past month.<\/p>\n
Earlier this month, Ripple expanded the availability of its U.S. dollar-backed stablecoin RLUSD in T\u00fcrkiye through partnerships with BiLira, Bitexen, and Bitlo. According to Ripple, the rollout provides Turkish institutional users with access to its regulated stablecoin for digital asset transactions and settlement.<\/p>\n
In Latin America, Ripple recently integrated Bitso\u2019s Mexican peso-backed stablecoin MXNB into the XRP Ledger and its Payments on Decentralized Exchange infrastructure. According to Ripple, MXNB and RLUSD will support enterprise payment flows between the U.S. and Mexico by providing regulated settlement assets for cross-border transactions.<\/p>\n
Recent product launches have also extended beyond traditional payments. As reported by crypto.news on June 13, Ripple introduced the XRPL AI Starter Kit, a developer toolkit that enables artificial intelligence agents to use XRP and RLUSD for autonomous payments on the x402 machine-payment network. Ripple said the tools allow software agents to create wallets, track balances, and complete transactions with limited human involvement.<\/p>\n
Institutions seek simpler access to digital asset rails<\/h2>\n
At the same time, Ripple has been positioning itself as an infrastructure provider for banks and financial institutions entering digital assets.<\/p>\n
According to Ripple\u2019s UK and Europe Managing Director Cassie Craddock, many financial institutions already recognize the value of blockchain-based financial services but continue to look for easier ways to access them. Writing earlier this week, Craddock said banks increasingly want support across custody, liquidity, settlement, and compliance rather than building each component internally.<\/p>\n
Ripple has also expanded its physical presence in the Middle East and Africa. As previously reported by crypto.news, the company recently opened a larger regional headquarters at the Dubai International Financial Centre after receiving approval from the Dubai Financial Services Authority to offer regulated international payment services within the DIFC.<\/p>\n
The regulator has also approved RLUSD for use by regulated entities operating in the financial hub.\u00a0<\/p>\n
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