With support for over thirty different coins, 700 tokens, and an integrated DApp store along the way, we aim to be a one-stop shop for everything crypto. Yellow Card is powering the cryptocurrency ecosystem in Africa. Yellow Card’s team of 110 employees in 16 countries is rapidly building a Pan-African crypto network. Yellow Card makes it easy for anyone, anywhere in Africa to buy crypto using cash, mobile money, card, or bank transfer.
Yellow Card Financial Inc., a pan-African cryptocurrency exchange, has secured a license for trading in Botswana, the first company on the continent to do so. Since launching in Nigeria in 2018, the U.S. and Africa-based Yellow Card team has sought to make cryptocurrencies like Bitcoin, Ethereum, and USDT Stablecoin accessible to anyone in Africa. The company now has the largest geographical footprint on the continent, with a presence in 12 countries, 110 employees across 16 countries, and a nearly 30X increase in users across Africa since the start of the Pandemic. Pan-African cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent. Flush with fresh capital, the crypto company now intends to expand into new markets by setting up shops in more African countries and offering ways for people to get more out of their crypto assets, according to Maurice. Yellow CardPan-African cryptocurrency exchange Yellow Card Financial has announced closing $40 million in Series B financing to fund its growth plans.
Share your referral link and immediately get paid every time your friends or family trade on Yellow Card. We offer highly competitive rates to buy and sell bitcoin. Buy and sell at the best rates with your naira, rand, cedi, CFA franc, kwacha, shillings, pula, US dollars or other currencies safely. “We’re here for providing financial freedom and stability for those who have been previously left behind.
Yellow Card has now raised $57 million in total, making it one of the most-funded Web3 startups in Africa. A few other well-funded cryptocurrency startups on the continent include South Africa’s Valr ($54.9 million in total), Congo-based Jambo Technology ($37.5 million in total) and Nigeria’s Mara ($23). Chat with our support team directly from the Yellow Card app, and get help for any questions you may have. Sign up with just your name, email address and phone number to get started. Then verify your identity, quickly and smoothly, to start trading – no bank account needed. Our distributed system is built from the ground up with streamlined security for both customers and agents, including multi-signature wallets and various other best-of-breed security controls.
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The addition of the coins to our app is the first of many new features that Yellow Card will launch this year,” said Chris Maurice, CEO and co-founder of Yellow Card. “Looking ahead, the company’s ultimate goal is to become a crypto service that allows Africans to send remittances, make payments and protect the value of their wealth against the incessant currency devaluation in many African countries.”. Since its launch in Nigeria in 2019, fintech, which is based in 21 countries, managed to cross the 1 million user mark in March 2022.
Yellow Card Financial is a digital currency exchange for the cash market. Our mission is to make bitcoin and basic financial services more accessible, and affordable, than ever before. Located in southern Africa, Botswana has a population of roughly 2 million people. Its government passed a bill to regulate the trading of cryptocurrencies and digital tokens as part of its efforts to tighten AML measures in February 2022.
Needs to review the security of your connection before proceeding. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Chris Maurice, co-founder, and CEO of Yellow Card expressed the significance of this round of investment for Yellow Card’s future. VW Group South Africa together with six other original equipment manufacturers – Toyota, Ford, Nissan, Mercedes-Benz, BMW, and …
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Choose your preferred payment method to deposit money into your account. Start trading bitcoin and tether instantly at the best rates with low trading fees.
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We’ve barely touched the surface of what is possible when it comes to crypto in Africa, and we’re excited for what’s to come,” said Will Wolf, Partner at Polychain Capital. Intelligent CIO Africa is a technology intelligence platform aimed at the enterprise IT sector to provide targeted updates and research driven data. As part of Lynchpin Media, this digital medium gives unparalleled advice to the regional community. The Yellow Card platform is built on our mission “Financial inclusion for all”.
We have built the most efficient and easy to use interface for bitcoin trading on the market. Directly connecting to many bitcoin exchanges, it offers automatic trading strategies , technical indicators (Bollinger Bands, MACD, RSI, VWAP, EMA etc.), news feeds and an intuitive drag and drop GUI. It has been exclusively created for bitcoin and cryptocurrency traders.
With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need. According to blockchain data platform Chainalysis, Africa’s cryptocurrency market grew by more than 1,200% in value between 2020 and 2021, becoming the third fastest-growing cryptocurrency market in the world. The government was highly skeptical of cryptocurrencies not long ago, with the central bank warning about the high risks of cryptocurrency investment in November 2021. According to Chris Maurice, CEO and co-founder of Yellow Card, the new license opens up greater opportunities for the firm’s expansion to payment partners and banking institutions across Africa. “We are committed to continuously developing and advancing our product in order to provide customers with the most comprehensive and progressive experience possible.
This comes just a year after the blockchain startup announced its Series A financing. CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on.
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Isuzu – contributed towards a-yet-to-be-released white paper on EV production with the hopes the industry would be recognised by the South African government during the annual budget speech. Yellow Card’s CEO said that the Botswana VASP license is the first license for African crypto exchanges established by an African country. Cryptocurrency has been accounting for a growing share of everyday commercial transactions in Africa, according to blockchain analysis firm Chainalysis. When Yellow Card announced its Series A funding in 2021, Maurice’s said, “the big picture is to change the way that money moves around the continent using crypto.” While the message hasn’t changed, things have evolved. Before joining Yellow Card, Tomdio spent nearly two years as head of finance at Stripe-owned African payments company Paystack. Tomdio joined Paystack from PricewaterhouseCoopers, or PwC, where she had spent 10 years.
We want everyone to have access to cryptocurrency and the financial freedom it provides. We are the longest running online Bitcoin wallet We process payments in the browser so we only have an encrypted version of your private keys on our server. We’ve been securing our clients Bitcoins like this since 2011. “This will further show regulators in other markets that we are not just any other cryptocurrency company — we are pioneering, pushing boundaries and setting the standard,” Maurice stated. African crypto exchange Yellow Card has received a significant regulatory approval to continue expanding its operations across the continent. To receive and withdraw the funds, they must sign up for Yellow Pay, the release said.
Withdrawal using mobile money accounts.
“For the past three years, our team has worked tirelessly to make this technology accessible to anyone and create a world-class product. This fundraise, in the current market environment, not only showcases the resilience of our team, but also clearly demonstrates the appetite and necessity for cryptocurrency in Africa,” he said. You can send and receive your bitcoin, and other cryptocurrencies, from any platform instantly, or save securely in your Yellow Card wallet until you’re ready to withdraw. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy.
The new rules require anyone seeking to offer crypto services in Botswana to get a license from the NBFIRA and to comply with a list of conditions. “Our customers wanted to trade a wider variety of digital assets on our platform as opposed to being limited by the few number coins we had available on the platform at the time. As a company, we are constantly taking deliberate steps to scale our business which means expanding our offering in various indices to drive adoption and usage,” said Ogochukwu Umeokafor, Director of Product Management at Yellow Card.
Yellow Card’s aim has always been to build products that plug into a country’s financial system in the way people typically interact. For instance, in countries where mobile money reigns supreme, the company’s goal is to build rails that allow people to get in and out of crypto using mobile money. That is an uphill task when the traditional financial system is unyielding. Buy bitcoin with multiple payment options based on your country of origin – card payments, mobile money , instant EFT and bank transfer are just a few of the solutions available to you. Zloadr is a digital wallet and due diligence app that provides banks, investors and financial institutions with free solid researched information on cryptocurrencies and assets.