Yellow Card has promised to change the way crypto is traded across Africa with its latest move into Kenya. Being one of Africa’s leading finance platforms for trading cryptocurrencies, Yellow Card has birthed in Kenya, making it the 10th African country it has operations. Yellow Card allows customers from Nigeria, Botswana, Cameroon and South Africa, and others, to buy and sell crypto through its platform as it gives people the opportunity to buy or sell supported cryptocurrencies with their local currencies.
The company took off in 2016 in Lagos, Nigeria and has expanded through partnership with local merchants in other African countries to accelerate digital payments and e-commerce through crypto trading.
It also extends its partnership to local vendors, and convenience stores to sell their vouchers and once the customer purchases the voucher, they redeem it for cryptocurrency through a mobile platform and they can even send money to their family or buy whatever they may need online, allowing even bankless individuals to participate in e-commerce.
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The company “offers a secure cryptocurrency wallet with which you send, receive, and store your cryptocurrencies. You gain access to your personal crypto wallets once you sign up for a Yellow Card account.”
The platform will automatically create users a virtual wallet for every type of crypto they wish to deal in.
“You can receive cryptocurrency into these wallets when other Yellow Card users send you tokens or from external wallets.”
For Kenyan users, there are 3 types of cryptocurrency that can be traded on Yellow Card. These are namely Bitcoin, Ethereum, and Tether. All of which can be traded without any hidden fees, the company says.
At the top of its list of priorities, Yellow Card is focused on the security of its customers’ funds and e-wallets. The platform uses a distributed security system built from the ground up that specialises in its particular trading scheme.
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The system is streamlined for both customers and agencies, using multi-sig wallets to ensure user funds are airtight. Analysts say that Yellow Card’s platform is built to allow everyone access to finances and crypto. It runs on the mission “Financial inclusion for all.”
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry