Data Mynt’s strategic partnership with Yellow Card Financial allows merchants and platforms across Africa to accept and send payments in digital assets in person and online, settle immediately, and now withdraw funds directly to their mobile money or bank accounts in local currency through Yellow Card.
San Francisco, CA (September 27, 2022) – Data Mynt, the leading solution for digital asset checkout and payments, has announced a strategic partnership with Yellow Card Financial to expand their services to the African continent. Yellow Card’s technology allows Data Mynt merchant and platform customers across Africa to settle payments with their mobile money and bank accounts, enabling funds to flow from a shopper’s digital asset wallet into the merchant’s Data Mynt wallet and on to the merchant’s preferred mobile money or bank account. Yellow Card enables local payouts in 16 countries, including Kenya, Ghana, Nigeria, Cameroon, South Africa, and more.
Data Mynt’s omnichannel digital asset checkout and payments solution allows merchants and platforms across Africa to use a low-cost, efficient and seamless way to transact with customers domestically and cross border, payout anywhere in the world, and withdraw funds from the digital asset ecosystem directly into their mobile money and bank accounts. With Africa having over 40 different unique currencies, the conversion between different versions of cash can be complicated and expensive. Data Mynt allows shoppers to pay in one of many digital assets across 8 blockchains, which is automatically converted into a stablecoin without price volatility. In this way, merchants and merchants in Africa who use Data Mynt’s technology side-step some of the biggest hurdles to businesses on this continent including declines and settlement time.
Yellow Card has been rapidly growing in popularity over the past few years, expanding their services to all corners of Africa while driving and capturing a growing market share of African cryptocurrency users. It has long been said that Africa is a cryptocurrency continent, and Yellow Card’s blossoming user base and community is proof of the excitement surrounding digital assets in this part of the world. In Africa, cryptocurrency is often used like actual currency, and Yellow Card has made the on and off-ramp into the world of crypto easier than ever for Africans. Now, Data Mynt is making the connection between decentralized finance and traditional commerce more seamless than ever.
Data Mynt has been progressively expanding their services to new merchants and territories this year, with platforms and merchants gaining access to Data Mynt’s solutions in 10 countries across 5 different continents. Data Mynt has also added more blockchains and digital assets to the roster of supported currencies, allowing their users to pay with popular blockchains and wallet ecosystems such as Binance Chain, Tron, Etherum Mainnet, Polygon, Solana, and Bitcoin Lightning Network coins such as BTC, ETH, USDC, Tether, MATIC, SOL, DOGE, and BNB, to name a few.
“We have always had our eyes on sub-Saharan Africa and the incredible job Yellow Card is doing with the rapid adoption of digital assets across the continent. Cryptocurrency was always meant to be used like actual money, and nowhere has this been more successful than in Africa. By partnering with Yellow Card, we can rapidly expand our services to Africans and make it leaps and bounds easier to use digital assets when buying and selling goods and services. Data Mynt and Yellow Card are making cryptocurrency easier and better in Africa,” said Alex Christian, CEO of Data Mynt.
“Our vision at Yellow Card is to power the entire crypto industry across the African continent. We want to work with anyone that has a desire to spread access to this technology to anyone. We are excited to partner with Data Mynt to further the reach of this tech,” said Chris Maurice, CEO and co-founder of Yellow Card.
Data Mynt is the leading digital asset payment and checkout solution for omnichannel sellers everywhere. Its suite of solutions offers platforms and merchants an easy approach to accepting and sending digital payments from any blockchain, wallet or asset, free from volatility and the usual risks and costs of traditional payment methods such as cards. The Data Mynt digital asset checkout payment solution is designed to streamline implementation via a mobile Point of Sale, API, branded web page, and iFrame, while consistently delivering a seamless customer experience. Learn more:
Yellow Card Financial is the fastest-growing cryptocurrency exchange on the African continent. The company has the largest geographical footprint on the continent, with a presence in 16 countries and growing. To date, Yellow Card has raised a total of $57M in funding, the most by an African cryptocurrency exchange. Buy and Sell Bitcoin today by visiting www.yellowcard.io or download the app today from Google Play or the Apple App Store.