Alchemy Pay Expands Crypto Access in Africa Through Yellow Card Partnership

• Alchemy Pay partners with Yellow Card to improve crypto access in 20 African countries through local payment methods.
• This collaboration simplifies cryptocurrency purchases, driving financial inclusion and decentralized finance in Africa.
• Yellow Card’s $3 billion payment infrastructure supports easy conversions of traditional currencies to cryptocurrencies for African users.

Alchemy Pay, a leading global fiat-crypto payment gateway, has partnered with Yellow Card, a fintech company operating in 20 African countries, to enhance cryptocurrency access across the continent. This collaboration aims to simplify the purchase of crypto using familiar local payment methods, such as bank transfers and mobile money, for users in nations like South Africa, Uganda, Rwanda, and Cameroon. Consequently, millions of Africans will benefit from easier access to digital currencies and decentralized finance (DeFi).

Enhancing Crypto Accessibility

Through this partnership, Alchemy Pay leverages Yellow Card’s payment infrastructure, which handles over $3 billion in transactions annually. This system supports various local currencies, allowing seamless conversions from traditional fiat money to cryptocurrencies. Hence, individuals in Africa can now buy cryptocurrencies more easily, without complex processes or high transaction fees. This move is expected to drive greater adoption of blockchain technology in the region.

Expanding Financial Opportunities

Furthermore, the Chief of Staff, Yellow Card, Gillian Darko already pointed out how such a partnership could bring possibilities for financial development in Africa. As per Darko, organically the combination creates new opportunities for millions by bridging the stablecoins and decentralized finance possibilities. It could also help deepen financial access within African economies, spur innovation, and catalyze more opportunities in Africa.

The company’s expanding role at Alchemy Pay

This partnership forms part of Alchemy Pay’s overall plan to grow the on-ramp services to other regions of the world. Earlier this week, the company added Samsung Pay to its Virtual Card service allows international users to make a cryptocurrency payment using a broader network of digital wallet platforms. Moreover, the company already supports Google Pay and its processing services continue to widen the company’s horizons.

Through this partnership with Yellow Card, Alchemy Pay connects to a broadening space of payment solution providers as the bridge between the global economy and the crypto space. This is a big boost to these two firms and their strategic agenda of trying to enlist everybody to financial inclusion in Africa.

Notably, this synergy falls squarely in line with the emerging interest across Africa in decentralized finance, and the underlying technology of blockchain. When more and more people learn how they can use their familiar payment methods to get into crypto and stablecoins, the future of decentralized technologies gets wider. As a result, the partnership can provide a uniquely powerful influence over the future of digital finance in Africa.