Visa and Yellow Card partner to explore stablecoin innovation across Africa
- Visa has partnered with Yellow Card to test stablecoin use cases in cross-border payments across African markets.
- The collaboration is part of Visa’s expansion of its stablecoin settlement program in the CEMEA region.
- USD Coin (USDC) will be used to process transactions on public blockchains like Ethereum and Solana.
The partnership between Visa and Yellow Card represents a significant step towards modernizing cross-border payments in Africa, leveraging stablecoins to address existing inefficiencies. However, the success of this initiative will heavily depend on regulatory acceptance and the ability to ensure user-friendly access to crypto technologies.
