Pan-African cryptocurrency exchange, Yellow Card, has announced the launch of its new Payments API. This new product will allow businesses to easily move their customers’ money in and out of cryptocurrencies using Yellow Card’s infrastructure.
As one of the fastest growing cryptocurrency exchanges on the African continent, Yellow Card allows businesses instant access to its collection and disbursement rails in 16 African countries as well as the ability to offer their customers local payment methods through mobile money and local bank transfer.
The payments API will allow businesses to receive and send local currency using either mobile money or bank transfers. Yellow Card will handle treasury management and conversion of the local fiat/currency to Stablecoins like USDT and USDC. This makes it possible for businesses to handle their local currency transactions easily while converting some of their funds into stable digital currencies.
According to Yellow Card, the automated conversion to Stablecoins safeguards businesses from the volatility of African currencies. “This product is perfect for crypto companies and other global companies looking to break into Africa, remittance companies looking to benefit from crypto rails, and fintechs that need help with treasury management,” the company adds.
Yellow Card CEO, Chris Maurice, said, “Our Payments API is a game-changer for businesses looking to expand across Africa. With one API, you can outsource treasury management, collections, and disbursements across 16 African nations. We’re excited to see the impact this product will have on businesses looking to expand their reach into various African markets.”
With the launch of Yellow Card’s Payments API product, businesses now have the opportunity to tap into a rapidly growing African market.
