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Flutterwave Bets Big on Stablecoins

6 entriesWed, Jul 8 – Tue, Jul 14Fintech & Payments

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  1. Tue, Jul 14LatestUnverified — not yet reviewed

    Flutterwave and Xoom Activate PayPal Remittance Corridor Into Nigeria

    Flutterwave and PayPal's Xoom remittance service have activated a direct money transfer corridor into Nigeria, routing global inbound transfers through Flutterwave's domestic payout infrastructure. The partnership extends Flutterwave's position in Nigeria's inbound remittance market and places it in competition with existing PayPal payout partners.

  2. Sat, Jul 11Unverified — not yet reviewed

    Flutterwave and Xoom Open PayPal Remittance Corridor to Nigeria

    PayPal's Xoom remittance service and Flutterwave have activated a direct money transfer corridor into Nigeria, routing global inbound transfers through Flutterwave's payout infrastructure. The partnership extends Flutterwave's position in Nigeria's inbound remittance market.

  3. Sat, Jul 11Unverified — not yet reviewed

    Flutterwave Embeds USDC Settlement With Circle Ventures Backing

    Flutterwave has secured investment from Circle Ventures, with the deal linked to integrating USDC stablecoin settlement into its African payments infrastructure. The backing follows Ripple's investment in Flutterwave disclosed earlier, placing the Nigerian fintech at the centre of the global stablecoin distribution contest.

  4. Fri, Jul 10Unverified — not yet reviewed

    Flutterwave Strikes Xoom Partnership, Entering PayPal's Nigerian Remittance Territory

    Flutterwave has agreed a partnership with PayPal's Xoom remittance service, connecting PayPal's global inbound transfer network to Nigerian payout rails. The deal places Flutterwave in direct competition with Paga, which has held a prior PayPal payout arrangement in Nigeria.

  5. Thu, Jul 9Unverified — not yet reviewed

    Ripple and Circle Both Back Flutterwave as Stablecoin Infrastructure Race Centres on Africa

    Both Ripple and Circle have now invested in Flutterwave within weeks of each other, with Circle's stake linked to USDC stablecoin settlement integration announced the previous day. The dual backing positions Flutterwave at the centre of a global stablecoin distribution contest playing out on African payment rails. Tether, Circle, and Ripple are all simultaneously backing African fintechs as the continent's payment infrastructure gains strategic significance for dollar-denominated digital currency adoption.

  6. Wed, Jul 8Unverified — not yet reviewed

    Flutterwave Secures Circle Ventures Investment, Launches USDC Stablecoin Settlement

    Flutterwave has secured a strategic investment from Circle Ventures and is integrating USDC stablecoin settlement into its payments infrastructure, targeting the $300 billion stablecoin market. The deal positions stablecoin rails as core to Flutterwave's multi-rail B2B payments strategy across Africa, linking the continent's leading payments operator directly to dollar-denominated digital currency infrastructure.