Flutterwave CEO thinks stablecoins are the future of Africa’s cross border transactions
Flutterwave CEO, Olugbenga Agboola, has stated that stablecoins present a significant upgrade to Africa’s cross-border payment infrastructure.
Agboola said this during two high-profile engagements at Money 20/20 Europe in Amsterdam, alongside Dima Kats, Founder and Group Executive Chair of Clear Junction. The fireside chat titled” Building the Rails: Stablecoin Architecture from Lagos to London” looked at the role of stablecoins in moving money in and around Africa.
The Flutterwave CEO at the event argued that Stablecoins at Flutterwave is not a standalone product category but a faster settlement layer sitting directly on top of the company’s comprehensive, existing local and global payout infrastructure.
He also thinks that stablecoins come in handy for enterprises managing treasury across multiple African markets. For this group, stablecoins serve as a liquidity and FX management tool that continues to work when traditional banking rails are closed.
Read more: https://thecondia.com/flutterwave-ceo-on-stablecoins/
