There has been a lot of misconception about cryptocurrency over the years in Uganda and other parts of the world but you should know that crypto can easily be converted into any currency just like Fiat and can be sent anywhere in the world instantly with very little fees compared to the bank transfers. Yellow Card is here to offer you the necessary crypto education with safe trading and exchange services.
Yellow Card is aiming to bring digital currency to the unbanked and underserved of the world on their own terms by creating a tax base network and distributing its point of sale technology so that people can buy and sell cryptocurrency easily. Yellow card distributes its technology currently in several African countries: Nigeria, Ghana, South Africa, Botswana, Cameroon, Zambia, and Uganda. The business is rapidly expanding to more locations.
Initially, Yellow Card was built for the US markets to buy gift cards at Walmart, making it easy to use bitcoin to trade. The founders extended their crypto exchange service to the African market after witnessing a scenario of a man paying high transaction fees to send money to their loved ones back home, they decided to extend their services to different African countries starting with Nigeria, hence solving the problem of high transaction fees and delayed transactions associated with the 3rd parties.
Related: How to start trading bitcoin with Yellow Card
Yellow Card’s technology has been completely built out and can run on any smartphone on IOS and Google play store. Over the past months the company has invested in high-quality talent (programmers) working tirelessly on the platform’s technology making it user-friendly, safe, and with high-speed transaction rates for its users with several exciting features such as more cryptocurrencies, Mobile money payment, and bank transfers.
In Uganda, it’s very hard to exchange your crypto into Uganda shillings as the crypto adoption rate is very minimal in East Africa. Crypto transactions on the Yellow Card platform are now very seamless in Uganda since introducing the mobile money payment option. This works in a way that you can sell your cryptocurrency whether Bitcoin or Ethereum and get your money directly on your mobile money wallet at a very fast and low transaction rate compared to banks. Yellow Card has very secure and very high-speed transaction rates, and not only can you trade cryptocurrencies but also send money to anyone around the world at the best rates
