Coinbase and Yellow Card Collaborate to Increase Africa’s Access to Digital Assets 2024

arewafacJanuary 14, 2024

Coinbase and Yellow Card Collaborate to Increase Africa’s Access to Digital Assets 2024

Coinbase and Yellow Card: Together, Coinbase, the top cryptocurrency exchange in the United States, and Yellow Card (https://YellowCard.io/), the largest and only licensed Stablecoin on/off ramp on the African continent, will make it easier and more accessible for Africans to access USDC and digital assets.

With the integration of the new Yellow Card Widget by Coinbase, Coinbase Wallet users now have access to Yellow Card’s wide range of payment options in 20 African nations. This relationship is expected to revolutionize the ease of access to and convenience of digital assets across Africa.

The Yellow Card Widget improves upon Yellow Card’s current Payments API, which assists companies in offering local currency transaction choices to their African clientele. Businesses that deal with digital assets, like Coinbase, may now provide their consumers with an improved experience thanks to the integration of the Widget.

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The integration of the Yellow Card Widget will provide consumers of Coinbase Wallet in Africa with the following advantages:

Easy and Cheap Payment Options: The integration will provide users with several easy and inexpensive payment options in their local currency, such as local bank transfers and mobile money.

Safe and Secure Transactions: By guaranteeing a safe atmosphere for the purchase and sale of virtual assets, the collaboration increases client confidence and trust.

Improved Customer Experience: Yellow Card clients may anticipate a more simplified and better experience, which will make digital asset transactions more effective and user-friendly.

Simple and Quick KYC Process: Yellow Card’s experience onboarding customers throughout Africa will speed up the Know Your Customer (KYC) process, making it simple and quick for everyone to get started.

Low Fees and Competitive Rates: When converting from their native currency into USDC or vice versa, Coinbase users in Africa will benefit from low transaction fees and favorable exchange rates.

Additionally, as part of this historic agreement, Yellow Card customers will be able to transfer and receive USD Coin (USDC), the second-largest stablecoin by market size, utilizing Coinbase’s Base chain. In comparison to the ERC-20 network, this Layer 2 solution offers lower fees and better transaction speeds.

Chris Maurice, Yellow Card’s co-founder and CEO, expressed enthusiasm about the collaboration, saying, “We are excited to work with Coinbase to help more people in Africa benefit from the transformative power of stablecoins.” Together, Yellow Card’s local knowledge and Coinbase’s worldwide reputation and network will enable the next billion Africans to take part in the financial industry.

Produced by APO Group on the instructions of Yellow Card Financial.

Regarding Yellow Card:
Yellow Card is a Fintech startup based in Africa that operates in 20 countries. We are the only and biggest licensed Stablecoin on/off ramp in Africa. Through our Payments API and direct in their local currency, we provide individuals and companies of all sizes safe and affordable ways to buy and sell USDC, USDT, and PYUSD.

Leading international investors, such as Polychain Capital, Valar Ventures, Third Prime Ventures, Coinbase Ventures, and Block (Square / Cash App), have contributed over $50 million to Yellow Card, which has facilitated over $2 billion in transactions throughout Africa.