Crypto firm launches payment feature
Yellow Card Financial has announced the launch of a new payment feature, Yellow Pay.
The firm said customers can send and receive money through the Yellow Card crypto exchange platform, without any extra charges by using the new payment feature.
It explained that the new feature uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT.
In a statement, the Chief Executive Officer and co-founder of Yellow Card, Chris Maurice, said, “This is more than just a money transfer service – it’s a powerful tool that will unlock new opportunities for people across Africa.
“By enabling instant, low-cost transactions across borders, we are helping to create a more connected and dynamic Africa.”
He added, “Yellow Pay is just the latest in a series of innovative features that make Yellow Card a must-have for anyone looking to take control of their finances with ease. This new product feature not only makes it easier for family members to support each other across Africa with ease, but it also opens up the continent to more investment, access to credit, business grants and generally will improve the ease of doing business.”
Google projects slow growth in India
Google has forecast that an order by the Competition Commission of India directing it to modify how its Android mobile platform works would slow down the operating system’s growth in the country, Reuters reported.
According to Mobile World Live, the antitrust watchdog found Google guilty of using Android to dominate parts of the mobile market and fined it INR13.4bn ($164.1m) in October 2022.
In a filing to the Supreme Court, Google claimed the order requires it to change its long-standing business model by forcing it to modify existing contracts with vendors and introduce new licensing agreements, Reuters wrote.
The change would give manufacturers the freedom to install rival apps and services on Android devices, which the news agency reported account for 97 per cent of smartphones in the country.
Google’s filing stated the order requires it to make far-reaching changes to Android, warning the advancement in growth of the ecosystem is “on the verge of coming to a halt” because of the remedial directions.
An investigation in India over several years determined Google used anti-competitive practices relating to its Android OS.
In 2018, the European Commission fined Google for imposing unlawful restrictions on Android device makers, with the company challenging the €4.1bn penalty.
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