Yellow Card Integrates Fireblocks to Enhance Cross-Border Transactions in Africa

Yellow Card (https://YellowCard.io/), Africa's leading stablecoin on/off ramp, has announced that it is integrating digital asset infrastructure

Yellow Card (https://YellowCard.io/), Africa’s main stablecoin on/off ramp, has introduced that it’s integrating digital asset infrastructure supplier Fireblocks to enhance cross-border transactions for each companies and people.

By using Fireblocks, Yellow Card goals to take away obstacles for world company treasury, in accessing African markets, by providing safe and efficient on-chain options. This consists of leveraging Fireblocks’ Wallets-as-a-Service (WaaS) which permits Yellow Card to create, handle, and safe up to 14 million multi-party computation (MPC) wallets at scale and safeguard buyer belongings.

“We’re excited to work with Fireblocks to enable real-world use cases for stablecoins, solving the complex challenges of international and pan-African transactions,” mentioned Chris Maurice, CEO and co-founder of Yellow Card. “Together, we enhance how businesses around the world manage their treasury, make payments, and drive innovation across Africa.”

Fireblocks is an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations, having secured the transfer of over $6 trillion in digital assets. Together, Yellow Card and Fireblocks will tackle the complex challenges faced by multinational corporate treasuries such as regulatory compliance, currency volatility, and inefficient legacy banking systems.

“Much like the rest of the world, Africa has seen a transformative shift from traditional payment methods to alternative payments, driven by new technologies, with $100 billion (https://apo-opa.co/4dtthwI) worth of remittances flowing into the continent. However, cross-border payments are still encumbered by high costs, with low-value cross-border payments incurring steep fees,” said Ran Goldi, SVP Payments and Network at Fireblocks. “We are delighted to be working with Yellow Card to provide our direct custody wallets-as-a-service (WaaS), allowing them to secure their customers’ digital assets at scale.”

Yellow Card, with a presence in 20 African countries, is at the forefront of assisting organizations in handling foreign exchange (FX) risk through stablecoin transactions. By using USDT, USDC, and PYUSD, the corporate helps companies handle their treasury and associated transactions inside and past the continent.

This marks a pivotal second for each firms as they pave the best way for extra streamlined and safe monetary operations throughout Africa. With a shared imaginative and prescient of innovation and excellence, Yellow Card and Fireblocks have a standard aim of remodeling cross-border transactions by introducing new advantages to companies and the financial system via innovation and excellence.

For extra data go to: https://YellowCard.io/

About Yellow Card:

Yellow Card is the biggest and first licensed Stablecoin on/off ramp on the African continent. Operating throughout 20 nations, we provide people and companies of all sizes throughout Africa with secure, liquid, and cost-effective access to USDT, USDC, and PYUSD via their native forex immediately and thru our Payments API.

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