1 year ago
Yellow Card, the Africa-focused crypto exchange, precocious said it had joined forces with Moonpay successful an statement which is expected to assistance “enhance the crypto purchasing acquisition for Nigerians by leveraging section slope transfers.” According to Uzoma James, Yellow Card’s West Africa determination manager, the concern is expected to “make crypto trading easy, intuitive, and disposable to all.”
Transforming Nigeria’s Crypto Accessibility Landscape
The Africa-focused crypto speech Yellow Card precocious said it had established a moving statement with Moonpay whose nonsubjective is to “streamline and heighten the crypto purchasing acquisition for Nigerians by leveraging section slope transfers.” Yellow Card and Moonpay judge the concern volition assistance alteration Nigeria’s cryptocurrency accessibility scenery which successful crook would marque it much user-friendly.
After the Central Bank of Nigeria (CBN) directed fiscal institutions to exclude crypto entities from the banking ecosystem, Nigerian users were forced to look for alternate ways of buying oregon trading cryptocurrencies. Peer-to-peer trading has since emerged arsenic 1 of the astir preferred methods.
In its Sept. 12 press release, Yellow Card said the statement volition let Nigerian users “to prosecute successful peer-to-peer crypto transactions with unprecedented ease.” The speech added that by leveraging section slope transfers, users are capable to flooded obstacles which complicate the acquisition of cryptocurrencies via banks.
Commenting connected the exchange’s latest move, Yellow Card West Africa determination manager, Uzoma James, said:
At the halfway of our company’s ngo is the content that everyone should person entree to the powerfulness and imaginable of cryptocurrencies. By joining forces with Moonpay, we purpose to destruct the barriers that forestall Nigerians from participating successful the crypto economy. Together, we tin assistance marque crypto trading easy, intuitive, and disposable to all.
For his part, Ivan Soto-Wright, the co-founder and CEO of Moonpay, claimed that by supporting section slope transfers his steadfast and Yellow would assistance to unlock “immense opportunities for crypto users.”
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