Fabric

USDC

Read

Castle

<div class="cryptonews">
 <p class="is-style-lead">Coinbase has announced the expansion of its services to emerging economies, with an initial focus on 20 countries in Africa.</p>
 <p>The crypto <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> revealed in a blog post on Jan. 11 that it is now focusing on African markets through its new partnership with Yellow Card, an on-and-off ramp service for cryptocurrencies in Africa.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Crypto is here to stay — helping drive a more open, <a rel="noopener noreferrer nofollow" title="access" href="https://thebittimes.com/tag/access.html">access</a>ible, and global financial system. <br><br>Coinbase products will now be available in Africa, starting with 20 countries across the continent. Learn more about our partnership with @yellowcard_app: https://t.co/IsZueHmbOU pic.twitter.com/Y0oZOwwdxr</p>— Coinbase ️ (@coinbase) January 11, 2024
   </blockquote>
  </div>
 </figure>
 <p>With the partnership between Yellow Card and Coinbase‘s investment arm, Coinbase Ventures, the U.S.-based crypto <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> aims to provide millions of users with <a rel="noopener noreferrer nofollow" title="access" href="https://thebittimes.com/tag/access.html">access</a> to Circle’s USDC stablecoin on Base, a layer-2 network developed by Coinbase. The <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> added that starting from February, users from Africa will be able to buy USDC using the Yellow Card widget directly in Coinbase Wallet, a non-custodial digital wallet.</p>
 <blockquote class="wp-block-quote">
  <p>“Many of these countries are high-inflation and remittance-dependent. This partnership with its emphasis on USDC will increase economic freedom in places that have lacked it, and help stand up a modern financial system where one hasn’t existed […]”</p>
  <p>Coinbase</p>
 </blockquote>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> This African nation’s financial watchdog wants crypto firms to establish local offices
 </div>
 <p>Yellow Card co-founder and CEO Chris Maurice says the partnership is expected to help the firm empower the next “one billion people across Africa to participate in the future of finance.”</p>
 <p>Established in 2016 by Chris Maurice, Justin Poiroux, and Munachimso Ogueke, Yellow Card has secured over $56 million in funding to date. In August 2023, the company announced a $40 million Series B funding round, led by Polychain Capital. Other investors such as Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, and Fabric Ventures also participated in the funding.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Yellow Card Crypto Exchange to pursue licensing plans in Nigeria
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-exchange-coinbase-taps-yellow-card-to-expand-access-to-usdc-in-africa-tbt76368.html">https://thebittimes.com/crypto-exchange-coinbase-taps-yellow-card-to-expand-access-to-usdc-in-africa-tbt76368.html</a></p>

Crypto exchange Coinbase taps Yellow Card to expand access to USDC in Africa

TheBitTimes

Other articles published on Jan 12, 2024

Big Bear City Capo Says There Will Be a Big Drop, Announces Bitcoin Target Before the Drop! He po...

Prepare for Lift-Off — Why This Meme/Gamefi Presale Is About to Mint Millionaires

Crypto CEO Claims ‘Ethereum Is The Next FTX’

Top Analyst Reveals the Solana Price Level That Could Trigger SOL’s Next 47% Rally

Revolutionizing Business in the Digital Realm – Insights from Good Perry

Shiba Inu (SHIB) Price Could Double If It Breaks This Barrier

Join our free newsletter for daily crypto updates!