CASE STUDY | A UK-Based e-Commerce Platform Pays African Suppliers with USDC via Flutterwave

As Flutterwave continues beta-testing its stablecoin infrastructure with a select group of merchants, the leading African fintech has also been sharing how stablecoins actually solve the grit and grind of moving money across Africa for individuals and businesses.

The company says that by watching how digital dollars move in the wild, it has been able to uncover the real operational nuances to refine its logic for final payments and simplify the experience for first-time users.

In one use case, the fintech has revealed that USDC, a regulated stablecoin, is being used to settle payments almost instantly by a UK-based e-commerce platform selling African foodstuffs from suppliers in Nigeria and Ghana.

“Suppliers in Nigeria and Ghana no longer needs to wait days for wires to clear before goods are shipped. They simply fund their Flutterwave wallet with USDC, and we handle the conversion to Naira or Cedis instantly.

The suppliers get paid immediately in their local currency, and the platform saves days of waiting, making their operational planning much more effective.”

Speaking at the 2026 World Economic Forum in Davos,, the CEO of Flutterwave,  Olugbenga ‘GB’ Agboola, said stablecoins speed up settlement times and in turn enables more turnaround and trade opportunity across the entire sales cycle.

Being the most licensed non-bank fiat company in Africa and operational over the last 10 years, GB explained that the introduction of stablecoins does not change the company’s operations.

“When it comes to stablecoins, nothing is changing in our customer experience. You want to send money from Nigeria to South Africa or the United States, nothing is changing. 

What is changing is under the hood. We’re making it quicker and faster to move that money from the send to the business via stablecoin rails, via USDC, which is regulated, backed by the dollar, and just makes its quicker and faster.

Unlike most FIs [financial institutions] in the world, in Africa, you need a correspond bank first in order to move money via SWIFT rails. This takes away all that complexity and makes it simpler for money to move quicker yet with the entire infrastructure that guards money movement globally right now.”

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