Visa Partners with Yellow Card to Boost Crypto in Africa
The post Visa Partners with Yellow Card to Boost Crypto in Africa appeared on BitcoinEthereumNews.com.
Visa partners with Yellow Card to expand stablecoin use in Africa. Partnership targets cheaper, faster cross-border payments using stablecoins efficiently. Stablecoins like USDC, USDt rise in Nigeria and Ethiopia. Visa has announced the expansion of its stablecoin business to new regions, including Central and Eastern Europe, the Middle East, and Africa (CEMEA). As part of this move, Visa is working with a top African crypto exchange and stablecoin payment platform, Yellow Card, to build a strategic partnership. This partnership is going to help in enhancing cross-border payments as well as firming up the financial infrastructure in the emerging markets. This news was shared via Visa’s official X account. Yellow Card and Visa Target Faster, Cheaper Cross-Border Payments Yellow Card is recently gaining popularity as one of the most reliable locations to transact in stablecoins in Africa. It is working in more than 20 African states, and it offers safe and easy online financial services to people, companies, and developers. In their collaboration with Visa, the two corporations aim to make payments utilizing stablecoin quicker, cheaper, and more effective. In this partnership, Visa and Yellow Card will experiment with the various applications of stablecoins. They will be focusing mainly on the enhancement of treasury management, liquidity mergers, and money transfers across borders. These are the key areas where conventional payment systems turn out to be quite slow and expensive. In addition, the companies are optimistic that this collaboration will ensure that the emerging markets have access to more dependable financial tools. Chris Maurice, the CEO of Yellow Card, said that the traditional payment organizations are focusing on a different future. They are not questioning whether to employ stablecoins anymore, and they are wondering how quickly they can do so. He stated that he was excited to be collaborating with Visa, a…
