openPR Logo
Press release

Yellow Card Leverages Fireblocks to Streamline Cross-Border Transactions in Africa

08-21-2024 11:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Yellow Card Leverages Fireblocks to Streamline Cross-Border

Yellow Card, Africa's leading stablecoin on/off ramp, has announced that it is integrating digital asset infrastructure provider Fireblocks to improve cross-border transactions for both businesses and individuals. By utilizing Fireblocks, Yellow Card seeks to remove obstacles for global corporate treasury, in accessing African markets, by offering secure and effective on-chain solutions. This includes leveraging Fireblocks' Wallets-as-a-Service (WaaS) which enables Yellow Card to create, manage, and secure up to 14 million multi-party computation (MPC) wallets at scale and safeguard customer assets.

"We're excited to work with Fireblocks to enable real-world use cases for stablecoins, solving the complex challenges of international and pan-African transactions," said Chris Maurice, CEO and co-founder of Yellow Card. "Together, we enhance how businesses around the world manage their treasury, make payments, and drive innovation across Africa."

Fireblocks is an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations, having secured the transfer of over $6 trillion in digital assets. Together, Yellow Card and Fireblocks will tackle the complex challenges faced by multinational corporate treasuries such as regulatory compliance, currency volatility, and inefficient legacy banking systems.

"Much like the rest of the world, Africa has seen a transformative shift from traditional payment methods to alternative payments, driven by new technologies, with $100 billion [https://remitscope.org/africa/] worth of remittances flowing into the continent. However, cross-border payments are still encumbered by high costs, with low-value cross-border payments incurring steep fees," said Ran Goldi, SVP Payments and Network at Fireblocks. "We are delighted to be working with Yellow Card to provide our direct custody wallets-as-a-service (WaaS), allowing them to secure their customers' digital assets at scale."

Yellow Card, with a presence in 20 African countries, is at the forefront of assisting organizations in handling foreign exchange (FX) risk through stablecoin transactions. By utilizing USDT, USDC, and PYUSD, the company helps businesses manage their treasury and related transactions within and beyond the continent.

This marks a pivotal moment for both companies as they pave the way for more streamlined and secure financial operations across Africa. With a shared vision of innovation and excellence, Yellow Card and Fireblocks have a common goal of transforming cross-border transactions by introducing new benefits to businesses and the economy through innovation and excellence.

For more information visit: https://yellowcard.io/

Media Contact
Company Name: Yellow Card
Contact Person: Rutendo Nyamuda
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=yellow-card-leverages-fireblocks-to-streamline-crossborder-transactions-in-africa]
Country: United States
Website: https://yellowcard.io/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Yellow Card Leverages Fireblocks to Streamline Cross-Border Transactions in Africa here

News-ID: 3629386 • Views:

More Releases from ABNewswire

Biotech Stocks Positioned to Transform Treatment With Next-Gen Therapeutics (MDCX, PRTC, RANI, INO)
Biotech Stocks Positioned to Transform Treatment With Next-Gen Therapeutics (MDC …
Biotech is entering a new era of drug delivery and precision therapeutics. Dissolvable microneedles, oral biologics, DNA medicines, and next-generation small molecules are moving treatments from theory to clinic, making therapies less invasive, more targeted, and easier for patients to use. Late-stage trials, regulatory filings, and fresh financings are bringing these platforms closer to market, creating the potential for meaningful shifts in oncology, urology, autoimmune diseases, and rare conditions. Let's take
Country Creek Animal Hospital: Premier Vet Clinic in Allen, TX
Country Creek Animal Hospital: Premier Vet Clinic in Allen, TX
Families across North Texas consider their pets cherished members of the household, and keeping them healthy is always a top priority. Country Creek Animal Hospital, a trusted practice serving Allen and surrounding communities, is proud to expand its comprehensive veterinary services. With an emphasis on preventive medicine, advanced treatments, and compassionate care, the hospital continues to be the go-to choice for pet owners searching for a trusted vet near me
Country Creek Animal Hospital Excels in Pet Dental Care
Country Creek Animal Hospital Excels in Pet Dental Care
Pet owners understand that their furry companions deserve the same attention to health and wellness as any family member. That's why Country Creek Animal Hospital, a trusted veterinary practice serving Allen and surrounding communities, is proud to expand its preventive and dental health offerings. With an emphasis on pet dental care, routine pet vaccinations, and overall wellness, the hospital continues to provide compassionate, comprehensive care for dogs and cats alike. Pet
Mountain Roofers Brings Advanced Techniques to Roof Repair Services in American Fork
Mountain Roofers Brings Advanced Techniques to Roof Repair Services in American …
While the demand for reliable solutions continues to rise, one name stands out for blending innovation with dependable craftsmanship: Mountain Roofers. Their focus on durability and efficiency has made them a key resource for safeguarding both residential and commercial properties. Mountain Roofers Roof repair services [https://www.facebook.com/p/Mountain-Roofers-61555208022725/] are gaining attention in American Fork, UT, as property owners increasingly recognize the importance of timely roof maintenance. While the demand for reliable solutions continues

All 5 Releases


More Releases for Yellow

Taxi Cab Service Market Is Booming Worldwide | Yellow Cab, Yellow Checker Cab, D …
Taxi Cab Service Market: The extensive research on Taxi Cab Service Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Taxi Cab Service Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as
Taxi Cab Service Market Demand and Key Players by 2024: Yellow Cab, Yellow Check …
Taxi Cab Service Global Market Report 2020-2024 This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Besides, the report also covers segment data, including: type
Taxi Cab Service - Growing Popularity and Emerging Trends in the Market| Yellow …
Global Taxi Cab Service Market Report 2019 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Taxi Cab Service Market. Some of the key players profiled in the study are Yellow Cab, Yellow Checker
Cab Service Global Market 2018: Key Players – 13CABS, Yellow Cab, Yellow Check …
Cab Service Industry Description Wiseguyreports.Com Adds “Cab Service -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global Cab Service market, analyzes and researches the Cab Service development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like  13CABS  Yellow Cab  Yellow Checker Cab  Dallas Yellow Cab  DC  Discount Cab  Megacabs  Eastern Car Service  Badger Cab  Cowboycab  ... Request
Cab Service Market Key Growth Analysis of 13CABS, Yellow Cab, Yellow Checker Cab …
Worldwide Market Reports recently released “Global Cab Service Market Research Report 2017” that centers around the latest developing trends and technologies in the Cab Service Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives and other
Painting Salem, MA Yellow
WHAT: January is Cervical Cancer Awareness month. >From January 7th, 2011 to January 15th, 2011 the entire town of Salem, MA will join together to raise awareness for cervical cancer during the first-ever weeklong event, “Painting Salem Yellow.” Throughout the week participating Salem restaurants, businesses, politicians and local celebrities will partner with the “Yellow Umbrella Organization” to empower