Yellow Card, one of the largest cryptocurrency exchanges on the African continent, has partnered with MoonPay, a global leader in the cryptocurrency ecosystem, to drive crypto accessibility in Nigeria.
This strategic partnership is geared towards enabling Nigerians to engage in peer-to-peer crypto transactions with unprecedented ease, as well as eliminating the barriers that prevent them from participating in the crypto economy.
Yellow Card, one the largest cryptocurrency exchanges on the African continent with operations across 16 countries, offers a crypto exchange, easy cross-border payments powered by crypto, and an API suite for companies to on-and-off-ramp anyone on the continent and abroad.
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Yellow Card strives to bring financial inclusion to everyone in Africa. The crypto exchange’s strategic partnership with MoonPay signifies a turning point in the accessibility and usability of cryptocurrencies within the region.
Speaking on the company’s recent partnership with MoonPay, West Africa Regional Manager at Yellow Card, Uzoma James said,
“At the core of our company’s mission is the belief that everyone should have access to the power and potential of cryptocurrencies. By joining forces with MoonPay, we aim to eliminate the barriers that prevent Nigerians from participating in the crypto economy. Together, we can help make crypto trading easy, intuitive, and available to all”.
On the other hand, MoonPay, a crypto exchange that offers a fast and simple way to buy and sell cryptocurrencies, has established itself as a frontrunner in the cryptocurrency industry, offering a comprehensive suite of solutions that simplify the onboarding process for newcomers to the crypto world.
With the recent partnership with Yellow Card, the crypto exchange is poised to extend its reach into the Nigerian market, catering to the specific needs and challenges faced by the local population.
Co-founder and CEO at MoonPay, Ivan Soto-Wright said,
“Supporting local bank transfers unlocks immense opportunities for crypto users, and we’re eager to introduce this experience to Yellow Card’s fast-growing ecosystem. Offering a simple, inclusive transaction method for users across Africa is an exciting step forward in our vision to onboard the world to Web3”.
Yellow Card and Moon Pay strategic collaboration seeks to enhance the use of Bitcoin and cryptocurrencies among Nigerians, to overcome transaction delays and drive business growth.
Leveraging local bank transfers, users can eliminate many of the obstacles that have traditionally hindered the crypto purchasing process.
Despite the restriction of crypto trading in Nigeria, the country has emerged as a powerhouse in the African cryptocurrency landscape, with increasing numbers of individuals turning to digital assets to hedge against inflation and economic uncertainty.
As the cryptocurrency landscape continues to evolve, the power of digital currencies empowers individuals and offers financial opportunities even in the most challenging circumstances.