Flutterwave secures investment to add stablecoin-powered cross-border payments.

[adultcrypto]

As one of their expansion objectives, the African giant fintech company Flutterwave have secured $3.25b investment from Circle Ventures to add USDC payments for remittance. This is a very big news for cryptocurrency in Africa as businesses will be able to enjoy the flexibility of paying with and receiving cryptocurrency or fiat at a reliable and cheaper rate. This shows how fast the African market is adapting to cryptocurrency and the banking sectors are going to feel the shock of this development as most remittance will be channel through Flutterwave.

Flutterwave said it is embedding USDC settlement directly into the payment flows businesses already use on its platform. Merchants will be able to collect payments in local currencies while settling in USDC, reducing settlement delays and costs while enabling near-instant settlement beyond traditional banking hours.

Source

I think this will lead to a new era in cryptocurrency adoption in Nigerian and Africa in general, what do you think?

[PostQuantumBTC]

The crypto early adopters are the people that will know what cryptocurrencies actually are, crypto is now in a way that only people that will think crypto can not exist without the traditional systems will be more this time. I do not have to use Flutterwave before I will be able to send stable coins to anyone at any time to anywhere in the world that the person is located as long as there is internet in the place using my self-hosted wallet. I know this means adoption but making people to use cryptocurrency the way it should not have been.

[Tonimez]

The crypto early adopters are the people that will know what cryptocurrencies actually are, crypto is now in a way that only people that will think crypto can not exist without the traditional systems will be more this time. I do not have to use Flutterwave before I will be able to send stable coins to anyone at any time to anywhere in the world that the person is located as long as there is internet in the place using my self-hosted wallet. I know this means adoption but making people to use cryptocurrency the way it should not have been.

How do you mean by that only early crypto adopters will know what cryptocurrencies actually are? Are you trying to say that it is too late to get into crypto currency or trying to discourage newbies? Everyone understands that you can send and receive your coins using the wallets and exchanges but that does not undermine the role of flutterwave in online payments.

This technology is a welcome development because it bypasses the delays that goes with the international banks which can reach days. If this idea is not beneficial both locally, the deal won't be a success remember that not every international companies have crypto wallets and prior to this deals, such transactions attract serious additional charges from the international banking system.

[PostQuantumBTC]

How do you mean by that only early crypto adopters will know what cryptocurrencies actually are? Are you trying to say that it is too late to get into crypto currency or trying to discourage newbies? Everyone understands that you can send and receive your coins using the wallets and exchanges but that does not undermine the role of flutterwave in online payments.

You will say that you know about noncustodial wallet, do not say everyone know that. I have seen people saying the name of an exchange and saying that the exchange is a wallet. This will be what will happen because you will see people saying that those traditional fintech like Flutterwave are also wallets. It will later be in the way that only few people will know what self-hosted wallets are.

Another thing is that you can not discourage anyone about cryptocurrencies, the adoption will continue to increase.

[Audrey Simmons]

I think this will lead to a new era in cryptocurrency adoption in Nigerian and Africa in general, what do you think?

I don't think it will add more to the development of cryptocurrency in Nigeria, this will be my first time hearing about Flutterwave, I haven't used it and I'm sure there are many Nigerians who don't use it. While it may send transaction beyond borders, doing crypto transactions traditionally should be cheaper, the payment platform will surely include service charge for the service they render.

[Perfectbaby]

This is an added advantage to flutterwave because those who aren’t convenient using their card to authorised payment can actually use their stable coins to make whatever payment they feels like paying at a secure rate and almost instantaneous payment. Flutterwave and interswitch is on the major payment gateway we have out there and they are still Waxing strongly.

[Agbamoni]

How do you mean by that only early crypto adopters will know what cryptocurrencies actually are? Are you trying to say that it is too late to get into crypto currency or trying to discourage newbies? Everyone understands that you can send and receive your coins using the wallets and exchanges but that does not undermine the role of flutterwave in online payments.

You will say that you know about noncustodial wallet, do not say everyone know that. I have seen people saying the name of an exchange and saying that the exchange is a wallet. This will be what will happen because you will see people saying that those traditional fintech like Flutterwave are also wallets. It will later be in the way that only few people will know what self-hosted wallets are.

Another thing is that you can not discourage anyone about cryptocurrencies, the adoption will continue to increase.

I do not think people will be so dumb as to confuse a payment gateway with a wallet. The difference is very clear. Payment gateways serve different purposes from a normal wallet. And again, anyone who wants to use Flutterwave must have known what solution it provides and how to use it. Imagine someone creating a Moniepoint account without knowing what Moniepoint is used for.

I know most people are hearing the name Flutterwave for the first time. Flutterwave is actually a payment provider. A separate thread will be better to go in details, ill pause here for now.

[OsaiEmma]

As one of their expansion objectives, the African giant fintech company Flutterwave have secured $3.25b investment from Circle Ventures to add USDC payments for remittance. This is a very big news for cryptocurrency in Africa as businesses will be able to enjoy the flexibility of paying with and receiving cryptocurrency or fiat at a reliable and cheaper rate. This shows how fast the African market is adapting to cryptocurrency and the banking sectors are going to feel the shock of this development as most remittance will be channel through Flutterwave.

Flutterwave said it is embedding USDC settlement directly into the payment flows businesses already use on its platform. Merchants will be able to collect payments in local currencies while settling in USDC, reducing settlement delays and costs while enabling near-instant settlement beyond traditional banking hours.

Source

I think this will lead to a new era in cryptocurrency adoption in Nigerian and Africa in general, what do you think?

The crypto early adopters are the people that will know what cryptocurrencies actually are, crypto is now in a way that only people that will think crypto can not exist without the traditional systems will be more this time. I do not have to use Flutterwave before I will be able to send stable coins to anyone at any time to anywhere in the world that the person is located as long as there is internet in the place using my self-hosted wallet. I know this means adoption but making people to use cryptocurrency the way it should not have been.

That's true, but integrating it into businesses in Africa will be much easier now; this will lead to a much more massive adoption of cryptocurrency in Africa just as you've said. It will have more use cases and more users using it.

Honestly, if we have left it strictly for the reason and way it was designed, the average Joe who isn't in tech will have difficulties in accessibility. I remember very well in 2018, I really wanted to learn about cryptocurrency but I had accessibility issue because there were few use cases compared to how it is now. But right now with just a little tutorial, every Tom, Dick and Harry can use the tech effectively.