Global #cryptocurrency payments

In a significant move to bolster cryptocurrency accessibility across Africa, Yellow Card, a leading cryptocurrency exchange, has announced a partnership with Alchemy Pay, a global fiat-crypto payment gateway.

As the cryptocurrency market continues to evolve, certain countries are emerging as prime destinations for crypto businesses in 2024. A recent report by Social Capital Markets identifies Dubai, Switzerland, and South Korea as the top three countries, thanks to their legal clarity, favorable tax regimes, and growing acceptance of cryptocurrency payments.

South Africa’s cryptocurrency sector has witnessed remarkable growth over the past year, with the country drawing approximately $26 billion in crypto transactions.

Russia introduced a significant legal shift by allowing the use of cryptocurrency for foreign trade settlements. This move marks a notable step towards integrating digital assets into the country’s financial system, though full regulation of this activity remains pending.

The United Arab Emirates (UAE) has recently implemented a new regulatory framework for cryptocurrency payments. While this move aims to establish a more secure and transparent financial environment, it has also sparked concerns within the crypto industry.