WEB3
by BSCN
September 12, 2023
MoonPay and Yellow Card aims to facilitate smooth cryptocurrency transactions through local bank transfers.
MoonPay has entered into a strategic partnership with Yellow Card, a leading African Fintech firm, in a bid to make cryptocurrency more accessible to Nigerians.Β
MoonPay officially announced the collaboration on September 12 through Twitter. The goal of this alliance is to increase the availability of cryptocurrency in Nigeria.
Ivan Soto-Wright, the Co-Founder and CEO of MoonPay, emphasized the significance of the partnership, as quoted in Africa Newsroom. He stated that supporting local bank transfers would unlock vast opportunities for crypto users in Nigeria.Β
βSupporting local bank transfers unlocks immense opportunities for crypto users, and weβre eager to introduce this experience to Yellow Cardβs fast-growing ecosystem. Offering a simple, inclusive transaction method for users across Africa is an exciting step forward in our vision to onboard the world to Web3,β he said.Β
By teaming up, MoonPay and Yellow Card aim to facilitate smooth cryptocurrency transactions through local bank transfers. This initiative is designed to make crypto trading more user-friendly and accessible for Nigerians.Β
Both companies share a common vision of promoting financial inclusion and innovation. The partnership is considered a monumental step toward achieving these objectives in the Nigerian crypto market.
Yellow Card is the largest crypto exchange in Africa, as seen in MoonPayβs tweet. The company operates in 17 African countries and has raised over $50 million in capital, marking the highest amount raised by any cryptocurrency firm on the continent.
This collaboration promises to open new doors for crypto adoption and financial inclusivity in Nigeria, aligning well with the visions of MoonPay and Yellow Card.
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