Alchemy Pay Partners with Yellow Card to Expand Crypto Access Across Africa
Alchemy Pay has partnered with Yellow Card, a prominent African fintech, to enhance cryptocurrency on-ramp services across the continent.
This collaboration will facilitate converting local currencies into digital assets, aiming to broaden access in countries like Botswana, Cameroon, and South Africa. Following the announcement, Alchemy Pay’s token, ACH, rose nearly 1%, trading around $0.01976.
The partnership leverages Yellow Card’s payment infrastructure, enabling users to purchase cryptocurrencies via bank transfers and mobile money. Alchemy Pay’s Robert McCracken highlighted the rapid expansion of their services, while Yellow Card’s Gillian Darko emphasized the potential for improved financial growth and access to decentralized finance.
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The overall interest in Alchemy Pay is reflected in a 5% increase in futures open interest and a notable rise in derivatives volume. Earlier this year, the launch of Alchemy Pay’s Web3 Digital Bank had already boosted ACH’s value by 10%, fostering optimism among investors for future price movements.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
