Yellow Card announces that deposits and withdrawals via the Naira will be resumed-

Yellow Card has announced the resumption of Naira's deposits and withdrawals in Nigeria by explaining the cryptocurrency exchange. The company takes place almost a year after a central bank guideline forced the yellow card to suspend deposits and withdrawals.

The growing interest of CBN in digital currencies

Almost a year after the setting of services based on a central bank directive, the Yellow Card crypto exchange platform now says that it is resuming local deposits and withdrawals in Nigeria. The company's services are resumed a few months after the introduction of its own digital currency by the central bank of Nigeria (CBN).

in his published in the vanguard, beat oparind babatunde, Director of Services from Yellow Card, that the changed attitude of the CBN to digital currencies could have influenced his company's decision to resume the services. He said:

similar to other crypto exchange platforms, Yellow Card was forced to pay and withdrawal from Naira after the CBN. to be set ordered Financial institutes to exclude crypto units from the banking system. With this announcement, however, Yellow Card becomes the latest African cryptocurrency exchange platform, which announces that Naira input and withdrawals are resumed.

user security

as before reported by Bitcoin.com news war one of the one of the First cryptocurrency platforms that announced that they would restore Naira deposits and withdrawals. At the time of the announcement, Luno denied that he had been in direct contact with the CBN, but said that it worked with other interest groups to find a solution that "gives priority to the security of its customers".

According to Babatunde, the Yellow Card - whose user is to increase to 500,000 by the end of the first quarter of 2022 - will give priority to the security of its users.

"We also have a strong focus on user-friendliness, trust and security, since we have implemented Smile Identity to ensure that animal 1 dealers can only submit documents once and that they are scanned with an international database," Babatunde is quoted.

In addition to improving the user experience, Yellow Card Africans will also provide information about cryptocurrencies through webinars and platforms such as the YC Academy, according to the Vanguard report.

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and author in Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

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