Yellow Card Announces It’s Resuming Deposits and Withdrawals via the Naira
Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria via a statement from the cryptocurrency exchange platform. The move by the company comes almost a year after a central bank directive forced Yellow Card to suspend deposits and withdrawals. CBN’s Growing Interest in Digital Currencies Almost a year after suspending services following a central bank directive, crypto exchange platform Yellow Card now says it is resuming local deposits and withdrawals in Nigeria. The company’s resumption of services also comes a few months after....
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Yesterday, Mt. Gox released the following notice from Tokyo, Japan: Statement Regarding Temporary Hiatus on U. S. Dollar Withdrawals. TOKYO - JAPAN - June 20th, 2013. Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer....
Bitcoin exchange CEX.IO has announced the launch of its new payment card withdrawal service. This new feature will allow CEX users to withdraw fiat from their exchange accounts to payment cards, in theory allowing them to skip the bank transfer process when making withdrawals. CEX says that this new service has “completed the full circle” of card-based....
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables Africans at home and abroad to buy and sell cryptocurrency using their local currency via bank transfer, cash, and mobile money. The service is being used mainly for remittances, a multi-billion-dollar industry in Africa. Yellow Card co-founder and chief executive officer Chris Maurice told....
London-based bitcoin exchange CEX.IO, has reached $80 million in card transactions for deposits and withdrawals and 800,000 accounts since its establishment in 2013. With the United States, Europe, and South America being its main market, the past year has seen the company enable many significant features for its customers. Card payments are an easy and popular option among CEX.IO users. They can use their ordinary Visa or MasterCard to buy and sell BTC and ETH. Once the card is linked to a user’s profile, deposits and withdrawals are processed instantly, at very lost costs, starting from....
Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto exchange to bolster its operations on the continent. Working With Regulators The Africa-focused cryptocurrency exchange platform, Yellow Card, recently revealed it had received a virtual asset service provider (VASP) license to operate in Botswana. The licence, which was issued by Non-Bank....