African payments technology company Flutterwave has partnered Turnkey and Nuvion to launch embedded stablecoin wallets for its merchants across the continent.
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Flutterwave will provide merchants with a comprehensive embedded wallet experience that facilitates seamless transactions using stablecoin payments. This is supported by blockchain infrastructure provider Turnkey, along with Nuvion’s AI-powered global banking and payment platform.
The initial phase will enable a select group of merchants to transact in USDC and USDT, as well as USD and NGN. This prepares the stage for a broader expansion later this year, where access will scale to all approved Flutterwave merchants.
Nkem Abuah, lead, GEPP ROW, remittances and stablecoin partnerships, Flutterwave, says: “To accelerate business growth in Africa, we must make it safe, easy, and affordable for businesses to accept all forms of regulated payment methods, including stablecoin, from a global customer base.
“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 with stablecoins.”