Flutterwave is partnering with Tempo to settle USDC and USDT payments across Send App and Flutterwave for Business, aiming to simplify cross-border transfers.
Flutterwave is expanding its stablecoin payments plans through a new partnership with Tempo, a blockchain network focused on payments. Flutterwave says Tempo will be integrated as a settlement layer for stablecoin transactions across its consumer remittance app, Send App, and its enterprise platform.
This means users and businesses could move money across borders using dollar-backed stablecoins like USDC and USDT. A stablecoin is a crypto token designed to track the value of a currency like the US dollar, so it aims to be less volatile than typical cryptocurrencies.
The partnership was announced at Money20/20 Europe in Amsterdam. Flutterwave is positioning the integration as “multi-rail”, meaning the company wants more than one underlying network option for routing and settling payments, depending on cost, speed, and availability.
The move comes about eight months after Flutterwave announced a similar stablecoin infrastructure partnership with Polygon, another blockchain network. Taken together, the deals suggest Flutterwave is building optionality into how it settles cross-border transactions.
Cross-border payments in Africa are often slow and expensive, especially when money must pass through multiple banks and intermediaries. Stablecoin settlement can reduce some of that friction by moving value on digital rails, then paying out locally.
This also fits a wider shift in African fintech. More companies are moving away from consumer-facing crypto trading features and toward enterprise payment infrastructure, meaning APIs, settlement, compliance tooling, and rails that businesses can plug into.
If Flutterwave can make stablecoin settlement reliable across products, it could improve pricing and speed for remittances and for merchants collecting payments across multiple markets. Execution and regulatory compliance will likely determine how quickly this expands beyond pilots and selected corridors.
On Liners, Flutterwave is listed as Flutterwave. The remittance product is listed as Send App.
Primary Source: Techcabal
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