Flutterwave CEO GB Agboola says stablecoins can speed up Africa cross-border payments, and that compliance and local payout rails are the real moat.
Speaking at Money 20/20 Europe in Amsterdam, Flutterwave CEO GB Agboola framed stablecoins as a faster settlement layer, not a separate product line. Stablecoins are cryptocurrencies pegged to fiat money like the US dollar, so they aim to keep a steady price.
Agboola said the key advantage is speed and availability. In his view, stablecoin transfers move “at the speed of the internet,” which can help businesses move money even when banks are closed. He positioned this as useful for enterprises running treasury across multiple African markets, especially for liquidity and FX management.
In a fireside chat with Clear Junction founder Dima Kats, Agboola pushed back on the idea that stablecoins remove the need for payment infrastructure providers. He argued that wallet-to-wallet transfers are simple, but converting tokens into spendable local value is harder. That includes anti-money laundering checks, regulatory compliance, and last-mile payouts into bank accounts across different jurisdictions.
Agboola also described Flutterwave’s technical direction, including offering customers a single wallet address that is “chain-agnostic,” meaning it can work across different blockchains without the user needing to choose one network.
In a separate appearance on Fintech.TV tied to Flutterwave’s 10th anniversary, he said the company’s next decade focus is becoming Africa’s financial operating system. He pointed to Flutterwave’s secured microfinance banking license in Nigeria as a shift toward deeper integration, beyond being only “money in transit.”
Stablecoins are increasingly showing up in African payments, but most users still need reliable on-ramps and off-ramps, which means compliant systems that connect crypto to bank transfers and local payouts.
If Flutterwave can combine stablecoin settlement with regulated local rails, it could strengthen its role in cross-border payments and enterprise treasury, even as more fintechs add crypto features.
Primary Source: Nairametrics
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