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

Nigeria's leading fintech company Flutterwave has partnered with Polygon Labs to launch a stablecoin cross-border transfer network covering 34 African countries, which will leverage Polygon's Ethereum-compatible infrastructure to increase transaction speed and reduce settlement costs.
Olugbenga Agboola, Flutterwave's chief executive, said the move could lead to a "10-fold increase" in the company's current payment transactions by bypassing the traditional banking system, adding that stablecoins would play a central role in driving capital flows across the continent.