Revolutionary Partnership: TBD and Yellow Card Bring Bitcoin Payments to 16 African Nations with Fiat On and Off-Ramp Capabilities!

"TBD and Yellow Card join hands to launch a new fiat on and off-ramp for Bitcoin payments in 16 African countries"

TBD, a bitcoin developer-focused entity owned by Jack Dorsey’s Block, has partnered with Yellow Card, an Africa-focused cryptocurrency exchange platform, to launch a new fiat on and off-ramp platform that enables payments in 16 African countries through Bitcoin rails. The objective of this partnership is to make cross-border payments more affordable and accessible, while also creating compliant channels for remittances.

As per the press release issued on April 12, Yellow Card will be one of TBD’s first partners to make it possible for users to send U.S. dollars or BTC and for recipients to get the local currency equivalent. For recipients living in countries with hyperinflation, the platform can be used as a place to store BTC or stablecoins. The partnership between TBD and Yellow Card is expected to provide innovative solutions to the international payments space, especially in Africa.

Chris Maurice, the co-founder and CEO of Yellow Card, expressed his enthusiasm for the partnership with TBD and the Block team, stating that the payments space in Africa is in dire need of innovative solutions. He added that this partnership is the culmination of the vision behind Block’s initial investment in Yellow Card in 2021. Emily Chiu, the co-founder and COO of TBD, spoke of her organization’s mission of advancing Block’s empowerment by breaking down the barriers to financial access across the Global South. She added that Yellow Card’s focus on Africa makes it the ideal partner to help TBD achieve its objectives.

The partnership between TBD and Yellow Card highlights the growing interest in Bitcoin and cryptocurrencies in Africa. The use of Bitcoin and other cryptocurrencies has increased in Africa due to the lack of access to traditional banking services and the high cost of remittances. Bitcoin and cryptocurrencies have provided an alternative means of payment and remittance for Africans, especially those living in countries with hyperinflation.

The new fiat on and off-ramp platform launched by TBD and Yellow Card is expected to make cross-border payments more affordable and accessible, while also providing a compliant channel for remittances. The platform will also enable recipients to store BTC or stablecoins in countries with hyperinflation. This partnership is expected to provide innovative solutions to the international payments space, especially in Africa.

In conclusion, the partnership between TBD and Yellow Card is expected to provide innovative solutions to the international payments space, especially in Africa. The new fiat on and off-ramp platform launched by the two entities is expected to make cross-border payments more affordable and accessible, while also providing a compliant channel for remittances. The use of Bitcoin and cryptocurrencies in Africa is expected to continue to grow as more people seek alternative means of payment and remittance.

Martin Reid

Martin Reid

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