By: Nana Appiah Acquaye
Flutterwave,
a leading African payments technology company, has announced the launch of
stablecoin balances for its merchants and users across all its platforms
through a partnership with blockchain infrastructure provider Turnkey and
AI-powered global banking platform Nuvion. The move aims to position
stablecoins as a core component of Africa’s financial ecosystem and a key
driver of cross-border business growth.
The
integration provides merchants with embedded wallets that enable seamless
transactions using USDC, USDT, as well as fiat currencies such as USD and NGN.
Initially, a select group of merchants will gain access to the stablecoin
functionality, with plans to scale to all approved Flutterwave merchants later
in the year.
“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,” said Nkem Abuah, Lead, GEPP ROW,
Remittances & Stablecoin Partnerships at Flutterwave.
Bryce
Ferguson, CEO and co-founder of Turnkey, emphasized the role of stablecoins in
driving efficiency and financial inclusion. “Stablecoins offer an incredibly
efficient way to accelerate payments and put more money directly into the hands
of business owners rather than intermediaries. Through Turnkey’s embedded
wallet infrastructure, we’re proud to power Flutterwave’s stablecoin payments
and support their mission to empower the next generation of African
innovators,” he said.
Flutterwave
joins other global payments, DeFi, and trading companies using Turnkey’s
verifiable blockchain infrastructure for embedded wallets, transaction
automation, and provable security. Turnkey’s recent innovations include Turnkey
Verifiable Cloud, verifiable wallets, fiat onramp support through MoonPay and
Coinbase, and QuorumOS, its open-source operating system for verifiable
computing.
Through
this partnership, Flutterwave reinforces its commitment to building Africa’s
largest, most secure infrastructure for next-generation digital payments,
streamlining cross-border transactions, and expanding financial opportunities
for businesses and consumers across the continent.
