Nigeria's Flutterwave partners with Polygon to launch a stablecoin cross-border payment network covering 34 African countries

Jinse Finance reported that Nigeria's leading fintech company Flutterwave has partnered with Polygon Labs to launch a stablecoin cross-border payment network covering 34 African countries. This network will leverage Polygon's Ethereum-compatible infrastructure to enhance transaction speed and reduce settlement costs. Flutterwave CEO Olugbenga Agboola stated that by bypassing the traditional banking system, this initiative is expected to increase the company's current payment transaction volume "by 10 times." He also added that the application of stablecoins will play a core role in promoting capital flows across the African continent.