“This investment marks a pivotal moment in our journey,” — this is how Olugbenga Agboola, founder and CEO of African fintech giant Flutterwave, commented on the strategic partnership after the US blockchain company Ripple joined as a Series E investor. Moreover, he believes that integrating the RLUSD stablecoin and Ripple’s payment network into the company’s infrastructure will create a “payment superhighway” connecting African commerce directly to the global economy.

As Flutterwave management stated — “This can be tracked by the resolution of historical friction points in African cross-border payments, including multi-day delays and high FX costs.” But they further clarified that this does not mean an immediate abandonment of traditional fiat, but rather represents a merging of classic payment methods with enterprise blockchain tools and the XRP Ledger (XRPL) to provide instant settlements across the continent.