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.ย
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.ย
โSupporting local bank transfers unlocks immense opportunities for crypto users, and weโre eager to introduce this experience to Yellow Cardโs 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,โ he said.ย
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.ย
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 MoonPayโs 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.
โ
Latest News
November 11, 2024
FTX Sues Binance and CEO Changpeng Zhao for $1.8B Over Alleged Fraud
November 11, 2024
NEAR Protocol to Build Worldโs Largest Open-Source AI Model with 1.4T Parameters
November 11, 2024
Bitcoin Surges Past $81,000 Amid Trumpโs Victory and Pro-Crypto Political Shift
November 9, 2024
Weekly Article Recap: 11/04-11/08
November 8, 2024
Ethereum Foundation (EF) Releases 2024 Annual Report: A Look at its Financial Growth
November 8, 2024
Dan Gallagher in the Lead as Trumpโs Pick for SEC Chair: Report
November 7, 2024
Political Betting Contracts, Cross-Chain Communication Advances, and Crypto Payments in Detroit
November 7, 2024
What Donald Trump's Victory Means for Crypto Policy, His Legal Battles, and Ross Ulbricht's Future