The stablecoin platform focused on Africa just joined forces with Lightspark to integrate Universal Money Addresses into its services.
This partnership wants to revolutionize how businesses and consumers in 20 African countries handle cross-border payments.
Connecting African businesses to the UMA network
Thanks to this collaboration, Yellow Card is set to provide fast and accessible cross-border payments in both crypto and fiat currencies, and by making UMA available, they’re opening the door for African businesses and consumers to connect with millions of other companies worldwide.
Yellow Card has been on a roll this year, and this new feature is another big deal.
The platform hasn’t only formed strategic partnerships with key players in the crypto industry but also secured $33 million in Series C funding. This latest round of funding brings their total equity financing to $85 million.
Financial freedom
Justin Poiroux, the chief technology officer at Yellow Card expressed enthusiasm about the partnership. It’s clear that they’re committed to making crypto really accessible for everyone.
“Africa is the crypto continent, and we’re excited to partner with Lightspark to continue our mission of providing financial freedom and easy access to digital assets for people across Africa.”
Trendsetters
Kevin Hurley, co-founder and CTO at Lightspark, echoed this sentiment, highlighting that their collaboration will enable instant and low-cost Bitcoin transfers.
“We’re proud to support Yellow Card in bringing UMAs to their users. This integration will allow their customers to make instant, low-cost Bitcoin transfers, and we’re excited to be part of this journey as they continue to innovate.”
With this partnership, Yellow Card isn’t just keeping up with the local industry but leading the charge in making digital financial services more accessible across Africa.
