Kinesis Money is a company aiming to make physical gold and silver globally accessible for spending, saving and trading – with over 50% of revenue getting shared as yields.
Kinesis Money has partnered with Yellow Card, Africa’s leading payment platform, to provide affordable deposit options in Nigeria and Zambia. Users can deposit in local currency and instantly receive a USD stablecoin in their Kinesis account, ready for trading, sending, or earning.
Expanded local currency support
- The first rollout supports Bank Transfer and Mobile Money for users in Nigeria and Zambia.
- These local methods make deposits easier and more accessible.
Payment methods with Yellow Card
- Future updates will add EFT (Electronic Fund Transfer) deposits for South African users and Mobile Money for Kenya.
- The partnership with Yellow Card will extend to more African regions, supporting the growing need for stable and low-cost financial solutions.
How to deposit with Yellow Card
- From their Kinesis account or app, users select their local currency and deposit using Bank Transfer or Mobile Money.
- A verified Kinesis account is required.
- Users see the fees, exchange rate, and the amount they will receive in USD stablecoin before confirming.
- Deposits are processed securely, with settlement times ranging from instant to 48 hours depending on the method.
Removing barriers across Africa
- This integration builds on the Banxa partnership, further improving global access to Kinesis.
- It helps remove entry barriers for African users, opening up seamless access to both digital assets and precious metals. Once they have funded their Kinesis account, African users will gain the ability to invest in, trade, send, and spend fully allocated, independently audited gold and silver bullion.
- In future updates, deposits will also be available in Currency One USD (C1USD), Kinesis’ own USD-pegged stablecoin, which pays a 7.5% APY yield monthly with no lock-up.
- Kinesis continues to expand secure and efficient funding options worldwide, making it easier for users to participate in the ecosystem and benefit from gold-backed money.