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.
READ MORE: BlackRock’s Larry Fink Declares Bitcoin a Unique Asset Class
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 Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
