In a move set to reshape the digital asset landscape across Africa, Coinbase, the leading U.S. cryptocurrency exchange, and Yellow Card have joined forces to enhance access to USDC and digital assets on the continent.
Coinbase Wallet Meets Yellow Card Widget: A Game-Changer for Africa
Coinbase has seamlessly integrated the Yellow Card Widget into its wallet, opening up a wealth of opportunities for customers across 20 African countries. This partnership marks a significant leap forward in simplifying and expanding digital asset accessibility throughout the continent.
The Yellow Card Widget – Elevating Digital Asset Transactions
Benefits for Coinbase Wallet Customers:
Convenient Payment Methods
- Access to a variety of convenient and cost-effective payment methods, including local bank transfers and mobile money, all in the local currency.
Safe and Secure Transactions
- Enhanced security measures ensure a trustworthy environment for buying and selling virtual assets, fostering confidence among users.
Improved Customer Experience:
- Streamlined and user-friendly transactions provide an elevated experience for Yellow Card’s customers dealing with digital assets.
Efficient KYC Process:
- Yellow Card’s proficiency in onboarding customers across Africa expedites the Know Your Customer (KYC) process, offering a swift and hassle-free onboarding experience.
Low Fees and Competitive Rates:
- Coinbase customers in Africa can enjoy minimal transaction fees and favorable exchange rates when converting between their local currency and USDC.
Unlocking USDC Transfers with Coinbase and Yellow Card:
As part of this strategic partnership, Yellow Card customers gain the ability to transfer and receive USD Coin (USDC), the second-largest stablecoin by market cap, leveraging Coinbase’s Base chain. This Layer 2 solution ensures faster transaction speeds and lower fees compared to the ERC-20 network.
Chris Maurice, CEO of Yellow Card, Shares the Excitement:
Expressing enthusiasm about the collaboration, Chris Maurice, co-founder and CEO of Yellow Card, stated, “We are thrilled to partner with Coinbase to bring the transformative power of Stablecoins to more people across Africa. 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.”
The Coinbase and Yellow Card partnership emerges as a beacon for the future of finance in Africa, unlocking new possibilities for users and propelling the continent into the forefront of the digital asset revolution.