Fireblocks Supports Yellow Card for Smooth Cross-Border Crypto Transactions

Fireblocks, an all-in-one digital asset business, announces its support for the Yellow Card, a prominent stablecoin on/off ramp in Africa. Through Fireblocks’ support, Yellow Card will smooth the cross-border crypto transactions in Africa. Fireblocks took this exciting news to X and declared, they would scale over 14M secure wallets through their Wallet-as-a-Service.

.@yellowcard_app, Africa’s leading stablecoin on/off ramp, is using Fireblocks to streamline and secure cross-border transactions. With our Wallets-as-a-Service, they’re scaling up to 14 million secure wallets, revolutionizing financial operations across the continent. Read more… pic.twitter.com/bI5XWSSTSx

— Fireblocks (@FireblocksHQ) August 23, 2024

Yellow Card Seeks to Remove Obstacles in Cross-Border Transactions Through Fireblocks’ Infrastructure

By integrating the digital asset infrastructure of Fireblocks, Yellow Card plans to remove the obstacles in cross-border transactions to access African financial markets. Additionally, this integration will ensure the security and effectiveness of cross-border on-chain transactions.

With the support of Fireblocks, Yellow Card will utilize the Wallet-as-a-Service (WaaS) of Fireblocks.  By using leverage WaaS, Yellow Card will develop, manage & secure more than 14M multi-party computation wallets to scale and safeguard the digital assets of the customers. This is the ultimate goal of Yellow Card to integrate Fireworks to revolutionize cross-border transactions.

Africa Is Shifting from Traditional Payment Methods to Alternate On-Chain Payments Methods

This collaboration is going to be unique of its kind in Africa, as it aims to transform the payment methods in Africa.  Ran Goldi, Fireblocks’ SVP Payments & Network, unfolds the importance of this integration for transforming payment methods. He disclosed that, through this support, Yellow Card will use the Wallet-as-a-Service to remove obstacles for global corporate financial institutions in accessing the market of Africa.

Moreover, Fireblocks and Yellow Card will tackle challenges like currency volatility, regulatory compliance, and outdated banking infrastructure.  Additionally, they’ll transform the payment and transaction methods by introducing advanced, secure and efficient payment solutions for institutional and individual clients.