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Nigeria's Flutterwave collaborates with Polygon to launch a stablecoin cross-border Payment Network covering 34 African countries.
[Nigeria Flutterwave partners with Polygon to launch a stablecoin cross-border payment network covering 34 African countries] Nigeria's leading fintech company Flutterwave has teamed up 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 drop settlement costs. Flutterwave CEO Olugbenga Agboola stated that by bypassing traditional banking systems, 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 key role in driving capital flow across the African continent.