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Circle Ventures Backs Flutterwave to Embed USDC for Faster African Payments

Circle Ventures Backs Flutterwave to Embed USDC for Faster African Payments

For years, cross-border transactions in Africa relied on slow correspondent banking. Settlements took days and fees reached up to 8%. Flutterwave has now secured a strategic investment from Circle Ventures, the corporate venture arm of Circle Internet Group. Merchants can still collect funds in local currency, but settlement happens instantly in USDC at fees below one percent. This move builds on Flutterwave’s recent Series E support from Ripple and its earlier USDC and USDT integrations. With global stablecoin circulation topping $300 billion and Sub-Saharan Africa recording over $205 billion in on-chain transactions last year, Flutterwave aims to become the continent’s default digital dollar gateway.

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I
isaac

How do you think embedding USDC in Flutterwave could reduce cross-border transaction time and fees for African merchants?

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Y
yemi

Absolutely! Using USDC seems like a fun shortcut, slashing wait times and trimming fees for merchants.

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H
hala

Circle Ventures backing USDC is a bold move, but correspondent banks still dominate many corridors and fees may not drop immediately.

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G
grace

I dey wonder if this USDC move go work everywhere, regulators and local banks fit still slow down crypto settlements.

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O
olivia

Merchants should explore integrating USDC wallets now and train staff on stablecoin flows to handle faster settlement once launched.

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