Palo Alto, United States – Aptos Labs and Yellow Card have partnered to enable instant, fee-free stablecoin transactions across 20 African countries. This integration leverages the Aptos blockchain to facilitate seamless USDT and USDC transfers for Yellow Card’s extensive customer base, addressing the growing demand for efficient digital payment solutions in the region.
Key Features of the Partnership
- Instant Settlements: Sub-second transaction finality on the Aptos network.
- Zero Gas Fees: Sponsored gas fees eliminate cost barriers for users.
- Wide Accessibility: Available to Yellow Card customers in 20 African markets.
- Stablecoin Support: Includes major stablecoins like USDT and USDC.
Africa’s Stablecoin Adoption Surge
Africa leads global stablecoin adoption, with over 54 million digital asset users (per Yellow Card data). Key drivers include:
- Cross-border remittances
- Small business treasury management
- Inflation hedging
👉 Explore how stablecoins are transforming African finance
Quotes from Leadership
Alex Heuer, Head of Payments at Aptos Labs:
"Our zero-fee, instant settlement capabilities align perfectly with Africa’s practical stablecoin use cases, empowering millions with financial access."
Gillian Darko, Yellow Card’s Chief of Staff:
"This partnership removes traditional friction points, making stablecoins viable for everyday payments—from remittances to retail transactions."
Technical Advantages of Aptos
- Throughput: 11,000+ TPS in production.
- Scalability: Parallel execution handles high-volume payments.
- Mobile Optimization: Designed for Africa’s mobile-first users.
Global Stablecoin Growth
Stablecoin transfer volume hit $27.6 trillion in 2024 (World Economic Forum), surpassing Visa and Mastercard combined.
👉 Learn more about blockchain’s role in payments
FAQs
Q: Which countries are included?
A: The service covers Yellow Card’s 20 African markets, including Nigeria, Kenya, and South Africa.
Q: Are there transfer limits?
A: No limits—users can transact any amount with zero fees.
Q: How do I start using this service?
A: Visit Yellow Card’s platform or Aptos’ website for onboarding.
About Aptos
Aptos is a high-performance Layer 1 blockchain backed by investors like a16z and PayPal Ventures.
About Yellow Card
Africa’s largest licensed stablecoin provider, offering B2B and retail payment solutions.
Disclaimer: This content is informational only and not investment advice.