Yellow Card, a cryptocurrency fintech company, has formally introduced its Yellow Pay service in Africa. With the debut of this service, customers will be able to send and receive money across Africa at a low cost.
The new offering processes customer transactions in USDT using the cryptocurrency exchange platform Yellow Card. It’s crucial to understand that Yellow Pay is not a service for sending money abroad or exchanging currencies. Yellow Pay is actually a cutting-edge cryptocurrency exchange solution.
According to Chris Maurice, CEO and co-founder of Yellow Card, “This is more than just a money transfer service; it’s a powerful instrument that can unlock new prospects for individuals throughout Africa.” “We are contributing to the development of a more interconnected and dynamic Africa by facilitating quick, affordable cross-border transactions.”
For consumer transactions in USDT, Yellow Pay makes use of the cryptocurrency exchange platform provided by Yellow Card. Yellow Pay is not a service that sends money abroad or exchanges foreign currency.
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One of the biggest changes since the product’s launch in Nigeria earlier this year is that users may now send money to anyone in all Yellow Card nations with just their phone number, and the recipient can then receive and withdraw the money once they sign up. In the past, only current clients could send and receive with Yellow Pay. Another improvement is that transfers within the same nation are free of charge.
Yellowstone’s features
Yellow Pay has many perks. First, blockchain technology lowers costs. Second, transactions are immediate. Send money for business, school, and healthcare. Gift cash to friends and relatives in Africa, pay vendors in other countries, receive payment for services, pay bills and levies in other African currencies, and more.
“Yellow Pay is the latest in a series of revolutionary features that make Yellow Card a must-have for anybody wishing to easily manage their finances.” Chris continued, “This new product feature not only makes it easier for family members to help each other across Africa, but it also opens up the continent to greater investment, access to financing, business grants, and overall ease of doing business.”
Read also: Yellow Card receives African Crypto Licence in Bostwana
How Yellow Pay Works
Users must deposit their local money into the Yellow Card app in order to use Yellow Pay. The user then selects the “Send” button and enters the recipient’s phone number.
The recipient will be notified that they have received money and must create an account in order to withdraw it if they do not already have a Yellow Card account.
Once confirmed, the money is immediately transmitted, and the recipient can use it to make a withdrawal in their own currency (via mobile money or a bank account).
Yellow Card Crypto rails work for everything. Yellow Pay allows rapid, safe, and free international money transfers.