Alchemy Pay has announced a strategic partnership with Yellow Card, a leading cryptocurrency platform in Africa, to bring seamless access to digital assets across the continent. This collaboration allows African users to purchase cryptocurrencies using local currencies via bank transfers and mobile money, advancing financial inclusion for millions currently underserved by traditional banking systems.
#Alchemy Pay is teaming up with @yellowcard_app to bring seamless crypto access to Africa!This partnership enables African users to buy crypto with local currencies via bank transfers and mobile money, boosting financial inclusion in the region.https://t.co/E5ypYbLnGY$ACH pic.twitter.com/45GPH7ariM
â Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) October 15, 2024
Africa remains one of the most underbanked regions in the world, with large segments of the population relying on informal financial networks. The partnership between Alchemy Pay and Yellow Card aims to address this gap by enabling everyday users to access cryptocurrencies using familiar payment methods. Users can now buy crypto through bank transfers and mobile money without access to international banking services. This initiative provides individuals and businesses new opportunities to participate in the global crypto economy, offering faster, more affordable transactions and access to international markets.
Expanding Crypto Adoption
According to the firmâs report, this collaboration strengthens Yellow Cardâs position as a key player in Africaâs expanding cryptocurrency landscape. Already established in several African countries, Yellow Card will benefit from Alchemy Payâs advanced fiat-crypto payment integration, allowing it to serve better the growing demand for digital assets across the continent.
This partnership is expected to boost crypto adoption across Africa significantly. Lowering the barriers to entry and integrating widely used payment methods like mobile money, Alchemy Pay, and Yellow Card are making it easier for Africans to explore the benefits of digital assets. With mobile money already widely adopted, this move could trigger a wave of new users seeking access to global financial systems and a hedge against local currency volatility.
Alchemy Pay and Yellow Cardâs partnership marks a transformative step for financial inclusion in Africa. By simplifying access to cryptocurrencies, the collaboration empowers millions with new tools for saving, investing, and transacting, ultimately reshaping the continentâs financial landscape.
