Flutterwave Leverages Stablecoins for Streamlined Cross-Border Payments in Africa

Thursday Oct 30 2025 17:40

Duration

2 min

  1. 1. Flutterwave Embraces Stablecoins for Enhanced Cross-Border Payments in Africa

  2. 1.1 Game-Changing Potential

  3. 1.2 Stablecoins Gain Ground as a Cheaper Remittance Alternative

Flutterwave Embraces Stablecoins for Enhanced Cross-Border Payments in Africa

Flutterwave, Nigeria’s largest fintech company, is taking a bold step forward by developing a cross-border payment platform powered by stablecoins. This development underscores the growing role of blockchain technology in streamlining payments across the African continent. Bloomberg reported that the company is partnering with Polygon Labs to launch the service across its 34-country network. Polygon’s blockchain infrastructure, built to provide scalable, faster, and cheaper transactions on Ethereum, will be used to enhance settlement speed and efficiency.

Game-Changing Potential

Flutterwave CEO Olugbenga Agboola stated that the move could transform the flow of funds across the continent, enabling businesses and consumers to bypass the high costs and delays that often plague traditional payment systems. Agboola added that “Stablecoin adoption will drive more flows into Africa,” noting that the initiative “has the potential to 10x the volumes we are currently doing.” The cross-border payment initiative comes amid a surge in stablecoin adoption across Africa. As Cointelegraph recently reported, tokens such as USDt (USDT) and USDC (USDC) are increasingly being used by locals to hedge against inflation and navigate ongoing currency instability.

Stablecoins Gain Ground as a Cheaper Remittance Alternative

There are several practical reasons stablecoins are gaining traction across Africa. Beyond serving as a hedge against currency devaluation, they are emerging as powerful remittance tools in a region where money transfers play a vital role in household income and local economies. According to a 2024 Chainalysis report, sending a $200 remittance from Sub-Saharan Africa is roughly 60% cheaper when using stablecoins compared with traditional, fiat-based transfer methods. Chainalysis data also showed that Sub-Saharan Africa recorded a surge in monthly on-chain transaction volumes in March 2025, despite other major regions experiencing declines. The uptick coincided with sharp currency devaluations in Nigeria, the continent’s most populous country, with stablecoins and Bitcoin (BTC) accounting for most of the activity.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Default Author Avatar

Written by:

Sophia Claire

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all
tesla earnings q2 2026

Wednesday, 22 July 2026

Duration

11 min

Tesla 2026 Q2 Earnings: Revenue Surges 26% as AI Investments Weigh on Profits and Cash Flow
google earnings 2026 q2

Wednesday, 22 July 2026

Duration

11 min

Google 2026 Q2 Earnings: Cloud Revenue Soars 82% as AI Investments Drive Growth Despite Rising Capital Spending
Oil Price Forecast 2026

Wednesday, 22 July 2026

Duration

4 min

Crude Oil Price Forecast for Next Week: Will WTI and Brent Extend Their Rally?

Latest news

gold

Wednesday, 22 July 2026

Indices

Gold Price Today, July 23: Gold Holds Above $4,100 as Oil Rally Limits Gains

tesla earnings q2 2026

Wednesday, 22 July 2026

Indices

Tesla 2026 Q2 Earnings: Revenue Surges 26% as AI Investments Weigh on Profits and Cash Flow

google earnings 2026 q2

Wednesday, 22 July 2026

Indices

Google 2026 Q2 Earnings: Cloud Revenue Soars 82% as AI Investments Drive Growth Despite Rising Capital Spending

Fed Rate Decision

Wednesday, 22 July 2026

Indices

Fed Rate Decision Preview: Will the Fed Raise Rates at the July 29, 2026 Meeting?

us-iran-oil

Wednesday, 22 July 2026

Indices

Crude Oil Prices Rise 2% to Six-Week High as US-Iran Tensions Escalate

kospi

Wednesday, 22 July 2026

Indices

KOSPI Jumps More Than 3% as Alphabet’s $200 Billion AI Plan Lifts Chip Stocks

Oil Price Forecast 2026

Wednesday, 22 July 2026

Indices

Crude Oil Price Forecast for Next Week: Will WTI and Brent Extend Their Rally?

bitcoin price forecast

Wednesday, 22 July 2026

Indices

Bitcoin Price Forecast: BTC Slips as Rising Oil Prices Renew Inflation Concerns

palantir-stock

Wednesday, 22 July 2026

Indices

Why Is Palantir Stock Falling? PLTR Slides 6.1% on NHS Scrutiny and Competition Concerns

stock

Tuesday, 21 July 2026

Indices

Stock Market Today: Nasdaq Rises 1.29% as Micron Leads Chip Rally

See all news