Flutterwave adopts Polygon blockchain to power stablecoin cross-border payments
- Flutterwave is partnering with Polygon Labs to enhance cross-border transactions using stablecoins.
- The partnership aims to enable instant, low-cost settlements across more than 30 African countries.
- Flutterwave processes over $40 billion in payments annually and supports over 150 currencies.
The partnership between Flutterwave and Polygon is a promising development for the African financial landscape, as it addresses critical issues related to transaction costs and delays. However, the success of this initiative will depend on the adoption of stablecoins by businesses and consumers alike, as well as the regulatory environment surrounding cryptocurrencies in the region.
