BUSINESSCRYPTOCURRENCY

Yellow Card, Visa Partner to Accelerate Stablecoin Adoption

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Yellow Card - Stablecoin
Cuy Sheffield (left) of Visa, Chris Maurice, CEO & Co-Founder, Yellow Card, and  Visa's Godfrey Sullivan.
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Yellow Card, the leading licensed stablecoin payments orchestrator for Africa and the emerging world, has announced a partnership with Visa, a global leader in digital payments, to help drive the next phase of innovation in cross-border payments and financial infrastructure across emerging markets where Yellow Card is licensed to operate.

Through this partnership, Visa and Yellow Card will collaborate to explore stablecoin use cases and opportunities to help streamline treasury operations, enhance liquidity management, and enable faster, more cost-effective money movement across borders.

“Traditional payment companies continue to question not ‘if’ they need a stablecoin strategy, but how quickly they can deploy one,” said Mr Chris Maurice, Co-Founder and CEO of Yellow Card. “We are thrilled to partner with Visa to help realize the potential of stablecoins technology in emerging economies.”

“We’re excited to team up with Yellow Card to enable faster and more accessible digital payments,” Mr Godfrey Sullivan, Senior Vice President and Head of Product and Solution for CEMEA, Visa, said. “We believe that every institution that moves money will need a stablecoin strategy.”

Mr Sullivan said as more players in the payments ecosystem explore this powerful new technology, Visa is ready to help its partners to navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.

Yellow Card operates in 20+ African countries and provides access to secure, compliant, and accessible stablecoin products for consumers, businesses, and developers. This partnership enhances Yellow Card’s role as a critical financial gateway and infrastructure provider in emerging markets.

Yellow Card, founded in 2016 by Christopher Maurice and Justin Poiroux, is one of the leading licensed Stablecoin payments orchestrator for Africa and the emerging world.

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BT Reporter

editor [at] businesstoday.co.ke

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