Yellow Card Financial, an African-based cryptocurrency exchange, recently launched its revolutionary new payment feature Yellow Pay in August last year. Less than six months later, the company has officially announced that the feature is now available across Africa.
The payment feature allows customers to send and receive money through the Yellow Card crypto exchange platform, without any extra charges and instantly through their phones. This is especially an added advantage to those wishing to do so cross border. Previously, it would cost more to send money between African countries than it would to some overseas countries.
With the lack of a reliable direct exchange of African fiat currencies and enormous fees charged to send money cross-border by existing companies, Yellow Pay will bridge the gap, giving Africans an option. According to Chris Maurice, CEO and co-founder of Yellow Card, the new tool is helping create a connected Africa. “This is more than just a money transfer service – it’s a powerful tool that will unlock new opportunities for people across Africa. By enabling instant, low-cost transactions across borders, we are helping to create a more connected and dynamic Africa,” he said.
Yellow Pay will use Yellow Card’s crypto exchange platform to complete customer transactions in USDT. It is important to note that the feature is not a money remittance or foreign currency exchange service, rather, it is an advanced crypto exchange product. As a result of being powered by blockchain technology, it is expected to be cheaper while transactions will be instant as well.
“Yellow Pay is just the latest in a series of innovative features that make Yellow Card a must-have for anyone looking to take control of their finances with ease. This new product feature not only makes it easier for family members to support each other across Africa with ease, but it also opens up the continent to more investment, access to credit, business grants and generally will improve the ease of doing business,” said Chris Maurice.
Email your news TIPS to Editor@nairobilawmonthly.com, and to advertise with us, call +254715061658 anytime of the day
