Yellow cardthe largest and only licensed stablecoin on/off ramp on the African continent is about to be introduced USDCa digital stablecoin on the Stellar network, a decentralized open source blockchain network, revolutionizing cross-border payments, remittances and treasury management worldwide.
Driving The News
This integration combines its powerful features star network, such as low transaction fees and lightning-fast transactions with the rapid development of one of the fastest growing digital currencies in the world, USDC, offering users a seamless, near-instant and cost-effective solution for various financial transactions.
With this integration, users on the Yellow Card app can now send USDC to the Stellar network.
What they say
Chris Maurice, The CEO of Yellow Card expressed excitement about the integration, stating, “We are excited to bring USDC on Stellar to our users. This is a giant leap forward for global payments, making it easier, faster and more affordable for people around the world to access and use digital dollars.”
Because this matters
One of the biggest challenges people in Africa face with making cross-border payments is hidden fees. There are several cases where people try to send money to loved ones in a different country, but end up losing a significant portion of the money to fees and hidden charges.
Tailored for everyday financial products and services, the Stellar blockchain features speed, scalability and sustainability. Emphasis on payment optimization ensures low fees and transaction speeds that scale with increased adoption. Having processed billions of transactions with millions of accounts since its inception, Stellar is a trusted choice for financial institutions and innovators worldwide.
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