Yellow Card Acquires Brazil’s GoMoney to Secure Direct LatAm Foothold
Yellow Card Acquires Brazil’s GoMoney to Secure Direct LatAm Foothold Published on Yellow Card, the Africa-founded stablecoin payments infrastructure provider, has acquired Brazilian virtual asset service provider GoMoney, giving it direct operations in Latin America’s largest cryptocurrency market for the first time. The deal, completed in October, was announced on Wednesday. Financial terms were not disclosed. The acquisition of GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. converts Yellow Card’s Brazilian presence from a purely cross-border proposition into a locally regulated operation. For the company’s business clients, the deal adds local collection and disbursement capabilities in Brazilian reais — including...
