Flutterwave has called for broader acceptance of regulated global payment methods, including stablecoins, as it announced the rollout of stablecoin balances for merchants and users across its platform.
The payments technology company said the move is being implemented through a partnership with blockchain infrastructure provider Turnkey and financial technology firm Nuvion, aimed at enabling secure and verifiable stablecoin transactions for businesses operating across borders.
According to Flutterwave, the initiative is part of its efforts to integrate stablecoins into everyday payments and support cross-border commerce for African businesses.
The company said the infrastructure would allow users to hold and transact in stablecoins alongside existing fiat currency balances.
Speaking on the partnership, Lead, GEPP ROW, Remittances and Stablecoin Partnerships at Flutterwave, Nkem Abuah, said expanding access to regulated payment methods was necessary to support business growth across the continent.
“To accelerate business growth in Africa, it must be safe, easy, and affordable for businesses to accept all forms of regulated payment methods, including stablecoin, from a global customer base,” Abuah said.
“By enabling stablecoin balances powered by Turnkey, we are ensuring that multinationals, African enterprises, and individuals using Flutterwave will have access to low-cost, faster, and always-on cross-border payments with stablecoins,” she added.
Flutterwave said the integration provides an embedded wallet system that supports stablecoin transactions, backed by Turnkey’s blockchain infrastructure and Nuvion’s banking and payments platform, which operates across both fiat and stablecoin rails.
The company said the solution is currently being tested with a limited number of merchants to assess performance and reliability.
Following the testing phase, stablecoin balances including USDC and USDT are expected to be made available to customers who complete required know-your-customer and onboarding processes, alongside existing balances such as the naira and the US dollar.
Also commenting, the chief executive officer and co-founder of Turnkey, Bryce Ferguson, said stablecoins had demonstrated their usefulness in supporting global business activity.
“Flutterwave has shown the transformative potential of stablecoins in helping people start and grow businesses globally,” Ferguson said.
“We share Flutterwave’s belief that stablecoins offer an efficient way to accelerate payments and put more money directly into the hands of business owners rather than intermediaries.”
Flutterwave said the partnership reinforces its broader strategy to expand digital payment infrastructure across Africa, with a focus on improving cross-border transactions and providing businesses with additional payment options within a regulated framework.
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