🟠 Why Yellow Card shuttered its retail business

Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor

Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor

Yellow Card told Mariblock that the decision was driven by strong, growing demand for stablecoin-fiat payment services.

Ripple described Africa as a “natural next step” for RLUSD, citing increasing demand among businesses worldwide.

Both firms plan to explore opportunities to drive stablecoin adoption in treasury management and cross-border payments across markets where Yellow Card is regulated.

BoG claims Yellow Pay is offering digital payment services, crypto trading, and stablecoin-based remittances without proper licensing.

Plus: 🇬🇭 Bank of Ghana plans crypto regulations by September; 🇿🇦 Binance tightens rules for South African users

African crypto firm Yellow Card and fintechs Flutterwave and Onafriq are among the Circle Payment Network’s inaugural partners

Plus: 🌍 Tether teams up with Quidax on blockchain education in Africa 🇿🇦 Yellow Card appoints new South Africa country manager

However, both exchanges are reluctant to list the cNGN just yet because of a lack of demand and clear use cases.