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Yellow Card Expands Across Africa after Raising $1.5 Million

Yellow Card aims to bring “ease of transaction to every African country until the mission of “Financial Inclusion for All” is accomplished”.

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Cryptocurrency exchange Yellow Card has reportedly raised $1.5 million in a seed round and is aiming to expand across the African continents. Yellow Card was founded in 2016 and entered the Nigerian market in 2019 with its unique product and the mission of financial inclusion for everyone, which has earned it a notable seat in the cryptocurrency exchange business in Nigeria.

With the new funding round from investors like Polychain, venture capital firm Andreessen Horowitz and Celo, Yellow Card aims to replicate the successes it has achieved within its period in Nigeria in other regions in Africa.

According to Yellow Card, it entered the African market with a mission of financial inclusion which was encouraged by the “dismal state” of the indigenous banking system which requires exorbitant transaction fees from customers which makes it difficult for citizens to benefit from the banking system.

Yellow Card noted since it launched in Nigeria, it has successfully helped many locals and Nigerians in diapora to use Bitcoin to simplify this access to financial services and with the lasted funding, it aim to bring “ease of transaction to every African country until the mission of “Financial Inclusion for All” is accomplished”.

Yellow Card Expansion to other regions

Yellow card is reportedly live in Kenya and Cameroon. Few months ago, the exchange also announced it had expanded to other South Africa and Botswana. These four countries including Nigeria, makes the exchange to be operational in five (5) nations. And it “is working hard to expand its operations to other countries soon”.

John Colson, CMO of Yellow Card speaking on the performance of Yellow Card was quoted saying:

“In the month of August alone, we saw over 20,000 new sign-ups on our platform, with the majority of those from Nigeria. This tells us that Nigerians are coming to understand the importance of Bitcoin in helping manage their wealth.” According to John, “Bitcoin is the obvious answer” to the Nigerian economic crisis which has made locals skeptical in investments in fiat money.

In an interview with John Colson, when asked by CryptoTvplus what new features users should be looking upto, he mentioned Yellow Card will expanding to more African countries which it’s currently pursuing and will include multi-currency support and some other additional features such as SMS Portal for feature phone, stablecoins, Savings, Lending, Securities, staking etc.

Yellow Card aims to bring “ease of transaction to every African country until the mission of “Financial Inclusion for All” is accomplished”.

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Naijapay Launches Enabling Bitcoin and Dash Payments

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Naijacrypto a top indigenous Nigerian exchange has announced the launch of their crypto payment gateway, “Naijapay” to enable businesses to accept crypto payments with easy
conversion to naira.


Nigeria has been a popular crypto hotspot over the years always among the top in ranking of traded bitcoin volumes. This is fueled in part by the huge remittance inflow into the country which was more than the oil revenue of the country in 2018, and the use of crypto for payments.

As more people switch over to using crypto for day to day payments, Naijapay aims to be their top destination.

Naijapay will support Bitcoin and Dash payments at zero transaction fees. It would contain two modes; The “naira mode” would enable businesses to accept crypto but always receive naira.

They do not need to worry about the volatility of the cryptocurrency markets. The “crypto mode” is for those who wish to receive crypto and keep funds in crypto.

The platform has utilities for
users who just wish to accept crypto payments without any complexities as well as utilities for users who wish to integrate payment APIs on their website.

Naijapay is also InstantSend enabled, meaning Dash transactions will be instantly confirmed, and the naira value credited to the receiver.
The Naijapay Platform would also advertise businesses who accept cryptocurrencies, this is in Naijacrypto’s vision to make the Local markets visible to the international community.

Even freelancers can advertise their business to an international community and receive payments easily.


According to Chiagozie Iwu, founder of Naijapay; “Naijapay is set to revolutionize the way Nigerian Businesses and freelance workers receive payments. Gone are the days when payment methods hindered market reach”.

This is a much-needed utility in the Nigerian business space
and also good news to the Nigerian crypto community in their push for more crypto adoption
mechanisms.

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Luno to hire over 200+ people, Plans Global Expansion to reach 1bn people by 2030

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Co-Founder and CEO of leading cryptocurrency exchange, Luno has revealed the firm is looking to hire over 200 personnel. 

This was revealed via a tweet on the 19th of November, 2020. In the twitter post, the CEO, Marcus Swanepoel said Luno was looking at getting 200+ people and anyone who wants to help the firm upgrade the world to a better financial system should keep an eye on its job portal. 

Luno CEO, Marcus Swanepoel

Mr.  Marcus also tweeted about the plan of getting the Luno brand to 1 billion people by the year 2030.

Read also: How a First Time Bitcoin Trader Made 10% Profit in 10 Days on Luno. 

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Kucoin’s Web Traffic Drop by Almost half in October After Hack

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Cryptocurrency exchange Kucoin experienced a drop in its web traffic in the month of October by almost half. The report which was compiled by ICO_Analytics reviewed the web traffic data of 20 top cryptocurrency exchanges for the month.

According to the report, Kucoin experienced web traffic of 1.7 million in the month however, that figure represented a significant reduction in its web traffic when compared with the previous month, September.

The report revealed the exchange experienced a 45% loss in web traffic in the month of October. The likely reason was the attack which occurred on the exchange in late September, which saw the exchange halt significant operations. The hackers were able to withdraw huge some of funds running in hundreds of millions of dollars in several cryptocurrencies such as Bitcoin, Stellar and multiple ERC-20 tokens

Immediately the news of the security breach broke out, industry participants rally round support the thwarting of the hackers plan by freezing stolen cryptocurrency, upgrading contracts to render the some of the stolen funds useless etc. 

With this measures, the CEO of Kucoin Johnny Lyu has revealed the exchange has been able to recover the 84% of the stolen funds and will published the case when it is closed as directed by law enforcement. Johnny Lyu also revealed the exchange has resumed full service for the 176 tokens affected and all others are scheduled to be reopened before September, 22nd.

In a tweet published hours ago, the CEO of Kucoin, said he was glad that the incident was dealth with in an open and transparent manner, always putting users first and it Kucoin looks forward to continue to safeguard users funds and bring more crypto hidden gems to the world as it always does.

Other than Kucoin, the report also revealed Uniswap saw a drop in web traffic of 25%, ZB.com  experienced a 32% drop in web traffic  while Huobi had a one-fifth decline in web traffic in the month of October, 2020.

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