In recent developments, the popular fiat-crypto purchase platform Alchemy Pay has secured a new partnership with Yellow Card, an African crypto exchange firm to enhance the crypto transactions of African users.

In a celebratory post on X, Alchemy Pay announced the collaboration, “Alchemy Pay is teaming up with Yellow Card to bring seamless crypto access to Africa!“

For context, the collaboration seeks to streamline crypto access and financial inclusion by combining Yellow Card’s payment networks and the on-ramp product framework on Alchemy Pay.

To clarify, Alchemy Pay’s on-ramp framework seamlessly converts local fiat currencies into corresponding crypto tokens, enabling crypto transactions with traditional money. In combo with Yellow Card, a payment system available in over 20 African countries, crypto adoption in Africa will skyrocket.

Benefits of the Alchemy Pay and Yellow Card Union

“This partnership enables African users to buy crypto with local currencies via bank transfers and mobile money, boosting financial inclusion in the region,” says Alchemy Pay in the post.

In addition, Yellow Card highlights more perks the partnership offers African crypto users in specific countries and more.

 “Together, we’re simplifying access to digital assets and decentralized finance for millions of people! Get ready for faster transactions, lower fees, and a smoother experience with Yellow Card and Alchemy Pay!” said the exchange company in a post on X.

Notably, Alchemy Pay has partnered with other crypto firms globally, providing seamless crypto payment solutions. Recently, the platform collaborated with Samsung Pay, “enabling Samsung Pay users to use cryptocurrency for purchases across millions of retailers globally seamlessly.”

Implications for Africa

With the continent taking center stage in global crypto adoption, collaborations yielding innovations like this are indispensable to African crypto users. Through this partnership, Alchemy Pay is spearheading global crypto adoption with Africa in the lead.