Yellow Card, Lightspark Partner to Bring Instant Bitcoin Transfers to Africa
Yellow Card, an African stablecoin platform, has partnered with Lightspark to integrate Universal Money Addresses (UMA) into its services.
Yellow Card Connects African Businesses to UMA Network
Yellow Card, the Africa-focused stablecoin platform, has partnered with Lightspark to connect businesses in 20 African countries to the Universal Money Address (UMA) network.
According to Lightspark, this collaboration provides African businesses and consumers with access to fast, open cross-border payments in both crypto and fiat currencies.
As per the statement, Yellow Card plans to offer UMA to businesses across the African continent. By making UMA available to African businesses and consumers, the stablecoin platform will potentially connect them to millions of other companies and people globally.
The announcement of this latest collaboration caps a successful year for Yellow Card, which has been expanding its presence in Africa.
Besides entering into strategic partnerships with prominent companies in the digital asset space, Yellow Card also secured $33 million in Series C funding during the year. This capital raise brought the stablecoin platform’s equity financing to $85 million.
Remarking on the stablecoin platform’s latest collaboration announcement, Justin Poiroux, chief technology officer at Yellow Card, said:
Africa is the crypto continent, and we’re excited to partner with Lightspark to continue our mission of providing financial freedom and easy access to digital assets for people across Africa.
Kevin Hurley, co-founder and CTO at Lightspark said the collaboration enables instant, low-cost bitcoin transfers. “We’re proud to support Yellow Card in bringing UMAs to their users,” Hurley said.
“This integration will allow their customers to make instant, low-cost Bitcoin transfers, and we’re excited to be part of this journey as they continue to innovate.”
