Flutterwave moves into remittance
Flutterwave moves into remittance with partnership with Stellar. This company continues to expand and grow with partnership.
Global payments technology startup Flutterwave, in conjunction with nonprofit Stellar Development Foundation, has introduced two new remittance passageways between Europe and Africa on the Stellar cross-country transaction system, according to a Monday (Oct. 25) press release.
Working with payment institution TEMPO, the primary European Union anchor for Stellar blockchain payments, Flutterwave is using the Stellar network to simplify remittances in Africa. Flutterwave intends to expand Stellar-based capabilities to additional African countries as it continues to increase the number of currencies it supports.
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“It is more expensive to send money to sub-Saharan Africa than to any other region in the world,” said Olugbenga Agboola, Flutterwave CEO. “Our new payment corridors on Stellar will allow us to continue expanding the Flutterwave network to bring all-important, cost-effective money transfer services to African business owners.”