Visa, Yellow Card push digital dollar use across African countries
Yellow Card plans to roll out stablecoin payments with Visa in at least one African country this year amid a trend driven partly by limited access to US dollars.
Credit card giant Visa has partnered with Yellow Card Financial, an African stablecoin payments provider, to accelerate the adoption of digital dollars across the continent, underscoring the growing synergy between traditional payment networks and cryptocurrency solutions.
The two companies have signed an agreement to promote stablecoin use for cross-border payments in emerging markets where Yellow Card operates, Bloomberg reported Thursday. Yellow Card will launch stablecoin transactions with Visa in at least one African country this year, with additional rollouts expected in 2026.
Chris Maurice, co-founder and CEO of Yellow Card, said the collaboration will focus on enhancing treasury operations, improving liquidity management and enabling more cost-effective money transfers.
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