Kinesis Integrates with Yellow Card to Launch Deposit Options across Africa

Kinesis has integrated with Yellow Card, Africa’s leading payment services platform, to deliver a seamless, low-cost fiat on-ramp for users across Nigeria and Zambia, enabling deposits through regionally supported payment methods. 

After depositing in their local currency, users are credited with a USD stablecoin, instantly funding their account and allowing them to start trading, sending, and earning on the Kinesis platform.

Expanded local currency support

In the first iteration, the new deposit options enable users in Nigeria and Zambia to benefit from supported regional options, including Bank Transfer and Mobile Money.

Future iterations will enable South African residents to fund their accounts instantly via EFT (Electronic Fund Transfer), and in Kenya, the Mobile Money option will be added. 

The integration with Yellow Card lays the groundwork for further expansion into additional African regions where the need for accessible, stable, and low-cost financial solutions is high, aligning with the growing adoption of the Kinesis platform across the continent.

How to deposit with Yellow Card

Through the Kinesis account or app, users can select their local currency and deposit using regional payment methods such as Bank Transfer and Mobile Money. To access this service, users will need to have a verified Kinesis account.

After entering the deposit amount, users are shown the fees, conversion rate, and the equivalent value they will receive in a supported USD stablecoin.

The integration ensures deposits are processed securely and efficiently, with transactions settling instantly or up to 48 hours – depending on the payment method – and confirmation provided directly to the user’s account. 

See the full breakdown of the fees and limits for each payment method here.

Removing barriers to entry across Africa

Building on the recent Banxa integration, Kinesis continues to streamline platform on-ramps and expand its global footprint. This latest integration removes barriers to entry across African regions, giving a wider audience seamless access to the Kinesis ecosystem.  In future phases, additional deposit options are set to come online across the South Africa and Kenya regions.

In upcoming versions, users will be able to deposit their local currencies and convert them into Currency One USD (C1USD) – Kinesis’ native, USD-pegged stablecoin and begin earning a variable yield of 7.5 % APY*, paid monthly and without any lock-up requirement. 

With further secure, efficient funding options coming online this year, Kinesis continues to expand on-ramps globally, making the platform more accessible to users and opening them up to the value and practical use of gold within the Kinesis ecosystem and beyond.