Yellow Card has teamed up with MoonPay to simplify the buying of crypto through local bank transfers as Nigerians continue to turn to digital assets as a means to hedge against inflation and economic uncertainty.

Yellow Card is present in 17 markets, with a particularly strong presence in Nigeria. The collaboration with MoonPay signifies a strong development in crypto accessibility and usability within the region.

Uzoma James, West Africa Regional Manager at Yellow Card shared the mission at the heart of their company, stating: “At the core of our company’s mission is the belief that everyone should have access to the power and potential of cryptocurrencies. By joining forces with MoonPay, we aim to eliminate the barriers that prevent Nigerians from participating in the crypto economy. Together, we can help make crypto trading easy, intuitive, and available to all.”

Ivan Soto-Wright, Co-Founder and CEO at MoonPay expressed enthusiasm about this partnership, saying: “Supporting local bank transfers unlocks immense opportunities for crypto users, and we’re eager to introduce this experience to Yellow Card’s fast-growing ecosystem. Offering a simple, inclusive transaction method for users across Africa is an exciting step forward in our vision to onboard the world to Web3.”

Leveraging local bank transfers, users can overcome many of the hurdles that have traditionally complicated the crypto purchasing process.