Africa-Focused Crypto Exchange Yellow Card Bags Africa’s ‘Disrupter of the Year’ Award

Yellow Card, the Africa-focused crypto alternate, just lately received the African monetary trade’s 2023 “Disrupter of the Year” award. The crypto alternate’s CEO described the award as a recognition of Yellow Card’s position in “solving important, practical problems across the continent for businesses.”

Award Reserved for Businesses Demonstrating ‘Resilience in Complex Times’

In what has been described as a primary for a crypto firm in Africa, Yellow Card, the Africa-focused cryptocurrency alternate, was just lately awarded the monetary trade’s “Disrupter of the Year” award. To win this 12 months’s prize, Yellow Card, which is headquartered in Nigeria, beat funding platforms Bamboo and Ejara, financier Sparkle, and cost platform Moniepoint.

Join us to welcome the latest addition to the Yellow Card staff! We've simply bagged the celebrated "AFIS Disrupter of the Year Award!"#AFISAWARDS #DisrupteroftheYear #GoCryptoWithYellowCard pic.twitter.com/5qp9A8QgCv

— Yellow Card App (@yellowcard_app) November 17, 2023

According to the Africa Financial Industry Summit (AFIS), the popularity given to Yellow Card at this 12 months’s occasion is reserved for “a young company that has demonstrated resilience in these complex times and whose innovation represents a market disruption.” In addition, the award-winning firm’s exercise ought to have elevated considerably within the 12 months below assessment.

Chris Maurice, the founder and CEO of the crypto alternate, stated the award vindicates his agency’s stablecoin wager.

“This award is further validation that our team is solving important, practical problems across the continent for businesses. We have come a long way for a stablecoin company to win a traditional finance award voted by judges who are all bankers,” Maurice defined.

The five-member panel which adjudicated this 12 months’s award reportedly included the director-general of the Central Bank of Mauritania and the pinnacle of innovation at Ecobank. According to a report in The East African, the popularity of Yellow Card by AFIS could possibly be a turning level for the digital belongings trade not simply in Africa, however globally.

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