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2021-11-01

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Yellow Card

Rwanda is undoubtedly one of the most technologically advanced countries on the continent, and the trajectory of where cryptocurrency will be in the country in the coming years should excite both citizens and crypto companies alike. 

Yellow Card Financial, the fastest growing crypto exchange on the continent, is on a mission to make crypto accessible to Africans across the continent. Currently available in 12 African countries, their launch into Rwanda has been met with great expectation. Yellow Card now makes it easy to trade bitcoin in Rwanda with RWF.

“What excites me the most is the potential crypto has, that I believe will benefit Rwanda in so many ways. Being able to move money anywhere in the world and receive money from anywhere in the world in just a few minutes if not seconds is definitely revolutionary,” says Robert Mugisha Head of Operations for Yellow Card in Rwanda. 

Since launching in Nigeria in 2018, the U.S. and Africa-based Yellow Card team has sought to make cryptocurrencies like Bitcoin, Ethereum, and USDT Stablecoin accessible to anyone on the continent.

In October, the company announced a $15M Series A fundraise, the largest ever by an African cryptocurrency exchange to continue its expansion across the continent and to share knowledge across the continent. 

Unique to Yellow Card’s presence in Rwanda is their strategic partnership with SPENN which will undoubtedly give the company credibility and build trust within the industry. SPENN is the easy-to-use mobile banking app powered by Access Bank that one can use to transfer money, pay in stores, and get paid instantly with no additional charges. 

One of the biggest challenges posed in entering the Rwandan market is the lack of confidence as opposed to the normal fiat currency.

“The challenge we are having and might keep on having for some time is the lack of trust in crypto. Many of our customers are signing up and only trading with a small amount of money to see if we are credible and if they can trust the platform",” said Robert. 

In order to address this, one of Yellow Card’s key mandates has been to educate Africans on ​​Bitcoin and other cryptocurrencies through various initiatives, webinars and platforms. One such platform is the Yellow Card Academy which boasts a wide range of information about cryptocurrency, blockchain technology, and financial literacy. 

There is certainly no better time to enter the cryptocurrency market, and with Yellow Card buying, selling, trading and investing is easy. Sign up to Yellow Card today and start trading, your future self will thank you.