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The recent approval of the spot Bitcoin Exchange-Traded Fund (ETF) in the United States by the Securities and Exchange Commission (SEC) may create significant cryptocurrency adoption this year. Recently, on January 12, 2024, the United States’ biggest cryptocurrency exchange Coinbase made a new partnership with the leading African stablecoin exchange, Yellow Card, to expand its products to the African market with a focus on increasing USD Coin adoption. Coinbase’s partnership with Yellow Card for African users&nbsp; 
According to this partnership,Coinbase will offer its products to 20 countries on the African continent and said, “Our new partnership with the leading African stablecoin exchange, Yellow Card, will help direct the future of money by giving millions of users access to USDC and fast, reliable, cheaper transactions on our decentralized, open L2 Base through both Coinbase and Yellow Card products.” 
The partnership aims to simplify cryptocurrency transactions for users in Africa, allowing them to easily utilize their fiat for buying and selling Bitcoin (BTC) and USD Coin on Ethereum’s Layer 2 rollup Base. According to the blog post shared by Coinbase, this recent partnership will allow African users to access crypto abilities through its user-friendly wallet.
Additionally, the Coinbase wallet has added a new feature through which users can send money through links on social media platforms, including iMessage, Telegram, WhatsApp, Facebook, and Instagram.
Also Read: <a href="https://news.todayq.com/coinbase-crypto-stocks-soar-after-sec-greenlights-bitcoin-etfs/" rel="noopener noreferrer nofollow">Coinbase, other crypto stocks soar after SEC greenlights Bitcoin ETFs</a> Integration of multiple Cryptocurrencies on Yellow Card’s platform 
However, Yellow Card CEO Chris Maurice highlights that, besides USD Coin, other cryptocurrencies and stablecoins supported by Coinbase will also be merged into the platform. Yellow Card currently operates in 20 countries across Africa, including Nigeria, South Africa, Botswana, Ghana, Kenya, and Tanzania.
Beyond excited to bring
Highlighting the significance of this collaboration, Coinbase highlighted that many of the countries served by Yellow Card face high inflation rates and are heavily dependent on payments. The partnership aims to provide a more economically feasible way for individuals in these African regions to engage in cryptocurrency transactions.
This move by Coinbase aligns with its commitment to encouraging financial inclusion and offering affordable crypto solutions globally. As the cryptocurrency market continues to evolve, such collaborations play a crucial role in bringing the benefits of digital assets to diverse populations, particularly in regions with unique economic challenges.
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Coinbase teams up with Yellow Card for Crypto boost in Africa

Todayq News

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