Yellow Card (www.YellowCard.io), Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.
Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO, said, “The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent.This achievement reflects our dedication to providing secure, compliant and transformative solutions for our customers both in South Africa and across Africa.
Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%. In South Africa alone, where the number of total users of crypto assets is estimated to amount to 5.8 million people, stablecoins have experienced growth of 50% month over month since October 2023, displacing bitcoin as the country’s most popular cryptocurrency. Yellow Card is excited to play a pivotal role in this financial revolution in South Africa.
Yellow Card, which launched in South Africa in 2020, has facilitated over US$3 billion in transactions in the last several years and now operates in 20 countries across the continent. The company recently completed a US$33 million Series C financing, led by Blockchain Capital and existing investors, including Polychain Capital, Valar Ventures, Third Prime Ventures, Coinbase Ventures, and Block, Inc. (Square/Cash App), reflecting strong investor confidence in its mission.
As the stablecoin landscape continues to evolve, Yellow Card is committed to leading the charge in making digital assets accessible and secure for businesses across Africa. With the recent licensing and funding, the company plans to expand its B2B offerings by enhancing its stablecoin rails, upgrading infrastructure, and advancing its B2B API and Widget. These efforts will empower businesses with seamless solutions for liquidity management and their general operations.
Africa Fact: Sudan in the mediaeval period had churches, cathedrals, monasteries and castles. Their ruins still exist today.
fast flak
Shebeen – an unlicensed bar [sha-been] These are unlicensed bars usually found in low-income suburbs located outside of the major towns and cities, more commonly known as ‘the townships’.
Heartbreaker
There was a postman who is always happy. in the other side there is harry who would just stares at the happy postman everyday and asks himself \”What\’s the secret of this man\”.
One day Harry decided to stop the postman and ask him why he\’s always smiling and happy, what he did.
the postman answered:\”Whenever I\’m handing a mail to a women I kisses her and I get more than just a kiss sometimes.\”
Harry liked the idea and went to a poste office and proposed for the job then he got it . In his first delivery Harry was so excited try the kissing thing out, and as he thought, there was a hot women in front of the first door, he went directly towared her and pasted her a kiss staight in the lips, in the center of that her husband suddenly appeared in front him and asked:\”WTF ARE YOU DOING.\”
\”I\’m just delivering a \’kiss\’ was sent from China\” Harry answered in a sporadic tone.
\”Very nice, you came on time, I want to send a \’Fuck\’ with you to South Africa\” the husband responded while draging Harry into the house.