Flutterwave Founder and CEO, Olugbenga ‘GB’ Agboola, has said that stablecoins represent a fundamental upgrade to Africa’s cross-border payment infrastructure. He noted that the companies best placed to capture that shift are the ones that already have the local distribution and compliance depth to turn digital assets into usable, real-world value.
The Flutterwave CEO made these remarks across two high-profile engagements at Money 20/20 Europe in Amsterdam. During the event, he joined Dima Kats, Founder and Group Executive Chair of Clear Junction, for a fireside chat titled “Building the Rails: Stablecoin Architecture from Lagos to London,” under the Money Stack Rewired: Stablecoins and Beyond content pillar.
Agboola, direct about Flutterwave’s positioning, noted that stablecoins are not a standalone product category but a faster settlement layer sitting directly on top of the company’s comprehensive, existing local and global payout infrastructure.
For enterprises managing treasury across multiple African markets, he framed stablecoins as a liquidity and FX management tool that keeps working when traditional banking rails are closed. “Stablecoin is completely different because money moves at the speed of the internet, not at the speed of banks closing up their house. If you pay with stablecoin, you get that money instantly,” he added.
Addressing whether stablecoins make infrastructure intermediaries obsolete, Agboola asserted that wallet-to-wallet token transfers are straightforward. However, handling the legal compliance, navigating anti-money laundering (AML) laws, and clearing the last-mile payout into actual local bank accounts across multiple jurisdictions are the complex problems that keep Flutterwave’s infrastructure indispensable.
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