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Yellow Card And Circle, Makers Of USDC Partners To Drive Financial Inclusion. - Business - Nairaland

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Yellow Card And Circle, Makers Of USDC Partners To Drive Financial Inclusion. by noskyboy(m): 7:29pm On Aug 20, 2023
In a rapidly changing world, digital assets' perception, utilization, and importance in our day-to-day existence is undergoing profound changes. While cryptocurrencies continue to hold many unexplored possibilities, stablecoins stand out for their numerous advantages. The ability to send money effortlessly across borders, mitigating challenges associated with traditional payment methods such as delays and high fees, and being pegged 1:1 against the US dollar safeguarding individuals from currency fluctuations are only some notable benefits.

Cryptocurrency awareness remains a significant challenge across the African continent. In a proactive effort to address this gap, Yellow Card, a pioneering pan-African fintech company, and Circle, the issuer of USDC, a digital stablecoin, have united their efforts to champion financial inclusion. This collaboration has given rise to an engaging Financial Literacy Tour (FLT), aiming to raise awareness and provide educational opportunities on cryptocurrencies for individuals across the continent.

"Education is the cornerstone of unlocking the potential of digital assets and promoting financial inclusion across the continent. Through the Financial Literacy Tour, Yellow Card and Circle have taken a proactive and personalised approach to engage with communities, empowering individuals with the knowledge and tools necessary to navigate the world of digital assets,” said Chris Maurice, CEO and co-founder of Yellow Card.

The FLT events, held in Botswana, Ghana, Nigeria, and Kenya at the start of June 2023, have served as a platform for attendees to delve into the world of crypto adoption. Through interactive workshops, informative presentations, and engaging discussions, participants gained valuable insights on embracing new technologies, unlocking the potential of digital assets in their daily lives, and even exploring career opportunities within the crypto space. In addition, Yellow Card’s brand ambassadors, who champion crypto adoption in their communities, were on the ground to share their insights with the young professionals, students and entrepreneurs present. Attendees also received their first USDC at the event.

"Yellow Card and Circle share a common passion to actively drive digital financial literacy and realise a more tolerant, functional and equitable planet,” said Mercina Tillemann Perez, VP of Circle Impact. “Selecting Botswana, Ghana, Nigeria and Kenya to begin the FLT events allows us to help educate, empower and build for a new financial future.”

Yellow Card and Circle are committed to financial education, striving to empower individuals by providing invaluable insights into the world of cryptocurrencies and stablecoins.
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About Yellow Card:
Yellow Card is the largest cryptocurrency exchange on the African continent, operating across 16 countries. As a financial services company, Yellow Card offers a crypto exchange, facilitates easy cross-border payments powered by crypto, and provides an API suite for companies to seamlessly onboard and offboard individuals across the continent and beyond.
In 2022, Yellow Card announced a Series B fundraise of $40 million, bringing their total funds raised to over $50 million—the highest capital raised by any African cryptocurrency company to date.

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USDC and Euro Coin - highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organisations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Learn more at https://circle.com.

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