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Polygon becomes the default chain of @theFlutterwave, Africa's largest payment processor that enables Netflix, Uber, Bookingcom, Microsoft, Audiomack and so many more in the region to enable low-cost onchain transactions in the African continent🚢
For millions of Africans facing currency volatility or remittance bottlenecks, there is no better solution than stablecoins.
Does’t matter if you’re an entrepreneur or a student, a driver or an engineer, a salesperson or a doctor: if you’re in an emerging market, instant, fraction-of-a-penny transactions can be seriously life changing. Trust me, I’ve been there.
So we’re teaming up with Flutterwave, Africa’s largest payments infra, to enable instant, affordable stablecoin payments across 30+ countries on the continent.
As I said above, Flutterwave works with companies including Netflix, Uber, Bookingcom, Audiomack and Microsoft to name a few - $31B in volume last year, to be precise.
Polygon processes half of all U.S. USDC transfers in the $100-$1,000 range. This year, small USDC transfers on Polygon went up 141%, a large part of that being in Argentina and Brazil. I can’t wait to see the value it can bring to Africa, similar to what it has unlocked in Latin America.
Many African businesses face settlement times taking days and fees reaching 8%+ of the transaction value. Enough.
It’s time to tackle economic barriers in emerging markets. The shipping won’t stop!
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