How Yellow Card aided philanthropic bitcoin transfer

Financial transactions have remained amongst the most complex phenomena in the 21st century. With the traditional financial systems, moving money within and across national borders respects transaction limits that banks and other financial institutions follow in the exercise of their business. As much as the limits vary from one country to another, they remain inconvenient. Yellow Card offers solutions to the problems you face with financial transactions from one area to another. Using cryptocurrency, you can send and receive any amount of money at any time from your bitcoin wallet.

How Yellow Card aided international transaction with bitcoin

Unlike banks and money transfer agencies that limit the amount of money customers can move out of their accounts or send to a given destination, transactions with cryptocurrency permit you to send and receive as much money as you want.

Here’s an account of how Yellow Card has enabled crypto transactions across international borders using bitcoin.

In 2019, a philanthropist in the USA needed to send as much as USD 40,000 to assist a  Cameroonian lady who needed reconstructive plastic surgery. Using the banking system to transfer this money was more complicated than he thought. From being flagged as a scam deal to transaction limitations, all his attempts failed. In the process of looking for a more reliable alternative, he came across Yellow Card.

He only succeeded in sending the desired amount to Cameroon when he got to know about the Yellow Card. The whole process was seamless, secure and time-saving. All the recipient had to do was create a Yellow Card account, share her bitcoin wallet address from her account with the sender and she was able to receive the money.

Furthermore, with Yellow Card’s presence in Cameroon, it meant she could easily convert her bitcoin to the local currency, CFA franc and withdraw cash to meet her needs.

Cheaper cost of transactions with bitcoin

Using bitcoin for money transfer incurs low fees on transactions. Using traditional methods for international transactions usually require a high percentage to be paid as fees. However, as shown above, sending USD 300 from the US to Cameroon was completed with only a minimal blockchain fee and no extra cost from Yellow Card.

Conclusion  

Cryptocurrency is currently one of the easiest ways to send money both locally and across national borders. Yellow Card’s presence in over 16 African countries makes it easy for anyone to easily send money at a very low cost. In addition, we also enable payments with cryptocurrency outside Africa.  While there may be rules aimed at preventing scams, capital flight and other financial malpractices, transactions on Yellow Card remain seamless, secure and safe.