Ripple invests in African fintech firm Flutterwave

Ripple (XRP) has acquired a stake in African fintech firm Flutterwave, valuing the company at $3.3 billion, Bloomberg reported. The size of the investment and the specific stake Ripple acquired were not disclosed. Flutterwave operates in 35 countries across Africa and has been expanding its own cryptocurrency business, including the launch of a U.S. dollar-pegged stablecoin payment service last year.