Yellow Card, the largest licensed Stablecoin on/off ramp in Africa, has partnered with Coinbase, the leading U.S. cryptocurrency exchange, to enhance digital asset accessibility throughout the African continent.
Key Advantages for Users:
Convenient Payment Methods: Coinbase Wallet users in Africa can now access diverse and cost-effective payment methods, including local bank transfers and mobile money, conducted in their local currency.
Secure Transactions: The collaboration ensures a secure environment for buying and selling virtual assets, building trust and confidence among users.
Enhanced User Experience: The integration of the Yellow Card Widget improves the overall user experience, making digital asset transactions more user-friendly and efficient.
Swift KYC Process: Yellow Card’s expertise expedites the Know Your Customer (KYC) process, providing a hassle-free onboarding experience.
Low Fees and Competitive Rates: Coinbase customers in Africa benefit from minimal transaction fees and favourable exchange rates when converting their local currency into USDC and vice versa.
Yellow Card customers can now transfer and receive USD Coin (USDC), the second-largest stablecoin, using Coinbase’s Base chain. This Layer 2 solution ensures faster transaction speeds and lower fees compared to the ERC-20 network.
“We are thrilled to partner with Coinbase to bring the transformative power of Stablecoins to more people across Africa,” expressed Chris Maurice, co-founder and CEO of Yellow Card. “Together, by combining Yellow Card’s regional expertise with Coinbase’s global brand and infrastructure, we will empower the next one billion people across Africa to participate in the future of finance.”
This strategic alliance represents a significant step towards democratizing access to digital assets, fostering financial inclusion, and empowering individuals across Africa to actively engage in the evolving landscape of global finance.