The collaboration aims to explore stablecoin use cases that can improve treasury operations, liquidity management, and border-crossing money transfers in regions where Yellow Card operates.
New Use Cases for Stablecoins
Yellow Card is a licensed stablecoin on- and off-ramp in multiple African countries. It focuses on supporting businesses by making international payments easier, managing treasuries, and providing USD liquidity through stablecoins.
The company operates in over 20 African nations and offers secure, compliant, and accessible stablecoin products to developers, businesses, and individuals.
Working with Visa, Yellow Card aims to accelerate the adoption of stablecoin technologies across global economies. As traditional payment companies look to integrate these new solutions, Visa is committed to enabling faster and more accessible digital payments in the CEMEA region.
Institutions that handle money transfers need a stablecoin strategy, and as this technology gains traction, Visa supports its partners in navigating the transformation, fostering the development of next-generation global payment systems.
The Crypto Regulatory Environment on the Continent
Different African countries adopt varying approaches to cryptocurrency and stablecoins. While Nigeria and South Africa have taken proactive steps in regulating crypto, many other nations remain either restrictive or passive, creating market uncertainties.
For example, Nigeria’s Central Bank has banned commercial banks from facilitating crypto transactions until 2023, yet the country continues to be a leader in crypto adoption, with an estimated 10.3% of its population owning digital assets.
