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Yellow Card (https://YellowCard.io/), Africa’s leading stablecoin on/off-ramp platform, has announced that it is integrating digital asset infrastructure provider Fireblocks to improve cross-border transactions for businesses and individuals. By leveraging Fireblocks, Yellow Card seeks to remove barriers to global corporate financial access to the African market by providing secure and efficient on-chain solutions. This includes leveraging Fireblocks’ Wallet as a Service (WaaS), enabling Yellow Card to create, manage, and secure up to 14 million multi-party computation (MPC) wallets and protect customer assets at scale.
Chris Maurice (photo), CEO and co-founder of Yellow Card, said: “We are excited to work with Fireblocks to deliver real-world use cases for stablecoins that solve the complex challenges of international and pan-African transactions. Together, we will improve the way global businesses manage finances, payments and drive innovation across Africa.”
Fireblocks is an easy-to-use platform for creating new blockchain-based products and managing day-to-day digital asset operations, having secured the transfer of over $6 trillion in digital assets. Together, Yellow Card and Fireblocks will address the complex challenges facing multinational corporate treasuries, such as regulatory compliance, currency volatility, and inefficient legacy banking systems.
“Like the rest of the world, Africa has seen a transformative shift from traditional to alternative payment methods, driven by new technologies, with payments now totaling $100 billion (https://apo-opa.co/4dtthwI) of remittances flow into the African continent. However, cross-border payments remain hampered by high costs, with low-value cross-border payments incurring hefty fees,” said Ran Goldi, Senior Vice President of Payments and Networks at Fireblocks. “We are excited to partner with Yellow Card to offer our direct custodial Wallet as a Service (WaaS), enabling them to safeguard their customers’ digital assets at scale.”
Yellow Card operates in 20 African countries and is a leader in helping organizations manage foreign exchange (FX) risk through stablecoin transactions. By leveraging USDT, USDC, and PYUSD, the company helps businesses manage financial and related transactions within and outside the African continent.
This is a pivotal moment for both companies as they pave the way for leaner, more secure financial operations across Africa. Yellow Card and Fireblocks share a common vision for innovation and excellence, with a shared goal to transform cross-border transactions by bringing new benefits to businesses and economies.
For more information, please visit: https://YellowCard.io/
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