Get the latest tech news
African crypto startup Yellow Card raises $33M led by Blockchain Capital to scale its B2B pivot
Africa's blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, some of which have retreated from specific
As a result, Yellow Card has raised its minimum transaction amounts, a deliberate measure to reduce its broad retail base and grow its appeal to businesses using the platform to manage treasury and access stablecoins. For instance, by using Yellow Card for treasury management, companies that import food, pharmaceuticals, and consumer goods can make essential items more affordable and accessible, benefiting the broader population, even if individuals aren’t directly engaging with crypto. So stablecoins, pegged to the dollar, such as USDT and USDC, offer business and retail customers a way to store value by hedging against inflation and currency devaluation and facilitating international payments and cross-border trade.
Or read this on TechCrunch