By leveraging Fireblocks’ Wallets-as-a-Service (WaaS), Yellow Card aims to address the complex challenges faced by multinational corporate treasuries, such as regulatory compliance, currency volatility, and inefficient legacy banking systems.
“We’re excited to work with Fireblocks to enable real-world use cases for stablecoins and solve the challenges of international and pan-African transactions,” said Chris Maurice, CEO and co-founder of Yellow Card. “Together, we’re enhancing how businesses around the world manage their treasury and drive innovation across Africa.”
Fireblocks’ platform provides a secure and efficient way to create blockchain-based products and manage digital asset operations. The partnership will enable Yellow Card to offer its customers secure and scalable digital asset solutions.
“We are delighted to be working with Yellow Card to provide our direct custody wallets-as-a-service (WaaS),” said Ran Goldi, SVP Payments and Network at Fireblocks. “This will allow them to secure their customers’ digital assets at scale.”
Yellow Card, with a presence in 20 African countries, is committed to assisting organizations in managing foreign exchange (FX) risk through stablecoin transactions. By utilizing USDT, USDC, and PYUSD, the company helps businesses streamline their treasury operations and facilitate cross-border payments.
This partnership marks a significant step forward for both Yellow Card and Fireblocks as they work to transform cross-border transactions and drive innovation in the African financial landscape.
