NAIROBI, Kenya, Feb 15 – Yellow Card CEO and Co-founder Chris Maurice has assured Kenyans of the safety of their money while using Yellow Card.
Maurice said that for Kenya to attain the best levels, she must set smart and friendly regulations that will keep people safe, protect their clients from scum, make the yellow card accessible, and encourage innovation among citizens.
He noted that, due to the increased rate of scams, smart regulation is needed across Africa.
“You will never get scammed using a yellow card, the safety of your money is guaranteed but it’s not guaranteed using the other platforms,” Maurice stated.
He, however, said that the most important thing they do is educate people through the yellow card academy, which is dedicated to financial literacy to identify scams and help in making smart decisions with money in safe ways.
Educate people on the industry and make them understand that there is nothing like getting rich quick, Maurice added.
Concerning the Block Chain Technology Bill, he said that being part of the Block Association of Kenya, they are working with the CBK and other relevant regulators across Kenya on how to regulate the industry in a way that protects consumers, stops fraud, and encourages innovation.
“Without innovation the economy is stagnant, we continue to be part of the association on pushing adoption for the industry Kenya is a country that was founded on innovation. It’s very exciting that all the relevant regulators are working to bring more innovation to the country,” he says.
He noted that USDC, a digital coin pegged to the dollar, is one of the most powerful coins in the world, and they are excited to work with them.
“It is a great opportunity to work with USCD, the best and fastest way to move your money to the Treasury,” he said.
He noted that Kenyans know that the yellow card is one of the best ways to protect their businesses, as is the technology that can solve their business huddles and keep their businesses going.
“Kenya is not the biggest in the continent but they are among the smartest,” he noted.
Yellow Card is in 20 African countries, and Maurice said that those are more than enough; he has no intention of investing in another African country.
