Latest news with #ChrisMaurice
IOL News
16 hours ago
- Business
- IOL News
Yellow Card teams up with Visa to expand stablecoin use in emerging markets
(left to right) Cuy Sheffield, Vice President, Head of Crypto, Visa; Chris Maurice, CEO & Co-Founder, Yellow Card; Godfrey Sullivan, Senior Vice President, Head of Product and Solution, CEMEA, Visa Africa-focused crypto payments firm Yellow Card has partnered with global payments giant Visa to accelerate the adoption of stablecoins in cross-border transactions across emerging markets, the companies said on Thursday. Yellow Card, a licensed stablecoin payments platform operating in more than 20 African countries, said the collaboration will explore new use cases for stablecoins in treasury operations, liquidity management, and international remittances. The partnership is part of a broader push to modernis
Yahoo
a day ago
- Business
- Yahoo
Visa, Yellow Card team up to expedite stablecoin adoption
Visa has formed a partnership with African fintech company Yellow Card to extend its stablecoin settlement system within the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. The collaboration is set to explore the application of stablecoin technology to facilitate treasury operations and liquidity management for cross-border transactions. It will enable USD transactions across borders using blockchain technology, aiming to reduce settlement costs and allow for continuous settlements, including on weekends and holidays. Visa has already seen over $225m in stablecoin transactions settled through its network among participating clients. The partnership will investigate stablecoin use cases in jurisdictions where Yellow Card operates, with the intention of integrating these solutions with Visa Direct to improve cross-border payment services. Visa CEMEA Product and Solution head and senior vice president Godfrey Sullivan stated: 'We're excited to team up with Yellow Card to enable faster and more accessible digital payments. We believe that every institution that moves money will need a stablecoin strategy. As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.' Yellow Card co-founder and CEO Chris Maurice said: "Together with Visa, we're building a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions." According to Yellow Card senior legal counsel Edline Murungi, Kenya's draft Virtual Asset Service Providers Bill is the most progressive in Africa, Bloomberg reported. He was quoted by Bloomberg as saying: 'Those use cases are going to really change the industry. And if other countries follow suit, then Kenya is going to be a hub for a lot of digital-asset activities.' Last month, Visa invested in BVNK, a stablecoin payments firm based in South Africa. "Visa, Yellow Card team up to expedite stablecoin adoption " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
2 days ago
- Business
- Bloomberg
Yellow Card, Visa Agree to Hasten Stablecoin Adoption in Africa
Yellow Card Financial Inc. and Visa Inc. signed a deal to promote the use of stablecoins for cross-border payments in emerging markets where the cryptocurrency exchange operates. The two will explore opportunities to streamline treasury operations, enhance liquidity management, and enable faster and more cost-effective transfers, according to Yellow Card co-founder and Chief Executive Officer Chris Maurice.
CNBC
29-04-2025
- Business
- CNBC
DOJ calls for 20-year sentence for Celsius founder Alex Mashinsky: CNBC Crypto World
On today's episode of CNBC Crypto World, major cryptocurrencies trade higher with ether climbing more than 3% to more than $1,800. Plus, the Department of Justice is seeking a 20-year prison sentence for former Celsius CEO Alex Mashinsky. And, Chris Maurice of crypto payments firm Yellow Card discusses regulatory developments around stablecoins in the United States.
South China Morning Post
09-03-2025
- Business
- South China Morning Post
As stablecoins grow, Hong Kong's US dollar peg seen as advantage despite Web3 challenges
The growing strength of stablecoins as a bridge between Web3 and traditional finance could give an edge to markets like Hong Kong , which has its currency pegged to the US dollar (USD), but the Asian financial hub still faces challenges in attracting major blockchain businesses. Advertisement The Hong Kong dollar's peg to the US currency is seen as a unique advantage for the city, as the majority of stablecoin trading activity happens through cryptocurrencies backed by the US dollar. This can help smooth out business operations for companies whose main asset holdings are also pegged to the USD, including the largest stablecoins Tether (USDT) and Circle's USD Coin (USDC). 'Hong Kong has long been a global financial hub with a deep and liquid foreign exchange market, supported by a regulatory environment that facilitates currency conversion,' said David Katz, the Asia-Pacific vice-president of strategy and policy at Circle. 'Its peg to the US dollar and strong banking infrastructure make it an attractive location for USD conversions.' The preference for US dollar-backed stablecoins is so strong that some have seen the technology has further entrenching the dollar's position in global finance, as a one-for-one peg requires a large reserve of the currency – something that is increasingly being enforced by law, including in Hong Kong with its pending stablecoin regulation 'The reality is everybody, everywhere in the world – China and everywhere else included – wants dollars,' said Chris Maurice, CEO of the Africa-focused stablecoin exchange Yellow Card. 'This is why you have US$200 billion now in market cap in USD stablecoins.' Advertisement
