Flutterwave is one of the biggest payment services companies in Africa. It enables small and medium enterprises (SMEs) to accept payments online through various methods such as cards, bank transfers and mobile money.
After being founded in 2016 by Nigerian entrepreneur Olugbenga Agboola, Flutterwave quickly became a leading payments solutions provider in Nigeria and across many countries in Africa.
Flutterwave connects over 30 African countries via its interface, making it possible for users to send and receive payments across borders without worrying about costly bank charges and slow transfer times.
The company has now processed billions of dollars in transactions and serves as a trusted payment services solution between African countries.
Flutterwave Partners With Polygon
Flutterwave’s new partnership with Polygon is a move away from traditional fiat currencies towards a more on-chain service, using Polygon’s blockchain. Together, they plan to create a stablecoin payment services network designed specifically for Africa and Flutterwave users.
A stablecoin is a digital currency pegged to the US dollar or another fiat currency, which keeps its value set at one Dollar. It is sometimes preferred because other cryptocurrencies can fluctuate in price, meaning value can be lost or gained.
By introducing a stablecoin, Flutterwave and Polygon aim to make digital payments faster, cheaper, and more transparent. The payments system will be designed to work across 34 African countries, giving millions of people access to a unified digital currency that could streamline trade, payments and online commerce. It also addresses one of Africa’s biggest financial challenges: cross-border payment inefficiency.
Currently, sending money between African countries can take days and cost significant fees due to reliance on foreign banking networks. A blockchain-powered stablecoin has the potential to eliminate many of those barriers, allowing cheap instant borderless transactions that settle in seconds.
Why Choose Polygon?
Flutterwave believes that Polygon provides the blockchain layer that makes seamless payments possible. Known for its low fees and fast transactions, Polygon is one of the most widely used Ethereum-compatible networks. It also allows developers to build decentralized applications and financial products that arguably operate more efficiently than traditional apps.
By using Polygon, Flutterwave ensures that its stablecoin payment system can handle high volumes of transactions while remaining affordable for everyday users. Businesses, freelancers, and individuals could all benefit from smoother cross-border transfers and more predictable exchange rates.
Best Crypto Wallet to Use In Nigeria
For Nigerians, or any member of the 34 countries covered, having a compatible crypto wallet will be essential. The wallet will need to support the Polygon (MATIC) network allowing users to store, send, and receive stablecoins directly from their mobile devices.
Flutterwave’s payment system hasn’t launched yet, its full roll out is due in 2026, however the ideal wallet should offer strong security and easy onboarding for beginners. Choosing a Polygon-compatible wallet that’s available today positions users to benefit from what could become Africa’s most important blockchain payment innovation yet.
One wallet that supports Polygon (MATIC) is Best Wallet. What this means is that it can be used to store, buy, and trade nearly any crypto running on the network.
Alongside Polygon, Best Wallet also supports a variety of other blockchains like Bitcoin, Ethereum, Binance Smart Chain, Solana, and Base, giving it a competitive edge over chain-specific wallets. Therefore, users looking to diversify beyond Polygon-based assets won’t have to open another wallet to do so.
Aside from being a multichain wallet, another reason Best Wallet could be a reliable choice for everyone is its non-custodial architecture. Users hold the keys and control their assets directly without relying on third-party intermediaries like banks, exchanges, or middlemen.
On top of that, it lets users connect their other wallets to it so as to conveniently monitor and grow all their assets from one place. And unlike centralized platforms that require KYC verification even for basic trading, Best Wallet enables direct, on-chain transactions without the need for personal information.
At the same time, it allows users to buy crypto directly with fiat inside its app and swap them for one another at the best market rates, regardless of what chain they are on. Other notable features that also set Best Wallet apart from competitors include staking perks, gamified rewards, an intuitive interface, and a built-in token launchpad.
With its staking functionality, for instance, users can explore numerous high-yield opportunities across multiple chains to amplify their rewards. The token launchpad, on the other hand, is purpose-built to let users discover and invest in trending cryptocurrencies that are still in their early stages.
A comprehensive review of Best Wallet’s feature-packed ecosystem has been done by analysts at 99Bitcoins – an influential crypto YouTube channel with over 720k subscribers, further raising its visibility among users.
Download Best Wallet
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