Visa has teamed up with Yellow Card Financial, a stablecoin payment provider in Africa, to enhance the use of digital dollars across the continent. This partnership aims to promote stablecoin transactions for cross-border payments in emerging markets where Yellow Card operates. The initiative will see stablecoin transactions launched in at least one African country this year, with further expansions planned for 2026. Chris Maurice, CEO of Yellow Card, emphasized that the collaboration will improve treasury operations and facilitate cost-effective money transfers. Despite a modest rise in overall cryptocurrency usage in Sub-Saharan Africa in 2024, stablecoin adoption is surging, driven by limited access to US dollars and foreign exchange challenges. Yellow Card, which began in Nigeria in 2019, now operates in 20 countries and has processed over $6 billion in transactions. Stablecoins represent about 43% of the region's transaction volume, with significant growth noted in Nigeria and Ethiopia, highlighting Africa's potential as a key market for digital currencies. Read more AI-generated news on: https://app.chaingpt.org/news