Ethereum

Base

USDC

Giant

<ul>
 <li>Coinbase will integrate Yellow Card’s payment rails in Africa.</li>
 <li>The crypto exchange said that Africa is “by far” the youngest continent.</li>
</ul>
<a href="https://thenewscrypto.com/coinbase-eyes-eu-domination-with-mifid-licensed-firm-acquisition/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> has teamed up with Africa’s Yellow Card to launch its products in 20 African nations, with an emphasis on growing the accessibility of the USDC stablecoin.
Moreover, Coinbase will integrate <a href="https://yellowcard.io/" target="_blank" rel="noopener noreferrer nofollow">Yellow Card’s</a> payment rails in Africa as part of the agreement, according to Yellow Card CEO Chris Maurice. This would allow Yellow Card users to easily switch between fiat currency and Bitcoin and USDC on the <a href="https://thenewscrypto.com/vitalik-buterin-calls-for-increase-in-ethereums-gas-limit-by-33/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> layer-2 rollup Base.
<h3 class="wp-block-heading" id="h-strategic-collaboration">Strategic Collaboration</h3>
Furthermore, built to expand the user base on-chain, Base is a low-cost and secure Ethereum layer-2 solution. Base intends to gradually decentralize in the coming years; it was incubated within Coinbase.
The crypto exchange stated:
<blockquote class="wp-block-quote">
 “Our new partnership […] will help usher in 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.”
</blockquote>
Furthermore, this will be available to customers in Africa via the Coinbase Wallet, which has a new function that allows users to send and receive funds using links on prominent social media platforms. Maurice also said that more Coinbase-supported cryptocurrencies and stablecoins would be included, in addition to <a href="https://coinmarketcap.com/currencies/usd-coin/" target="_blank" rel="noopener noreferrer nofollow">USDC</a>.
Also, many of these nations have severe inflation and rely heavily on remittances; Coinbase hopes that by partnering with Yellow Card, they can provide a more practical and affordable alternative for transacting in the area.
Coinbase said that Africa is “by far” the youngest continent and that several of these markets have populations that are younger than usual, highlighting the need to provide economic opportunities for these people.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/clients-respond-as-investment-giant-vanguard-blocks-bitcoin-etf-access/" target="_blank" rel="noopener noreferrer nofollow">Clients Respond as Investment Giant Vanguard Blocks Bitcoin ETF Access</a>

Coinbase and Yellow Card Join Forces for Crypto Expansion in Africa

Table of Contents

TheNewsCrypto

Other articles published on Jan 12, 2024

Polygon zkEVM onto its 2nd stage of development, details here

Major South Korean securities firms suspend brokerage services for foreign Bitcoin spot ETFs

Nearly $2.4 Billion in Crypto Options Expire Today as Volatility Dwindles

Here’s How Many Traders Touched Bitcoin Spot ETFs

Shiba Inu’s Burn Rate Skyrockets 395%, Incinerating 18M Tokens

Bobcoin Price Slumps 8% In Intraday: Will the Bulls Give Up?

Join our free newsletter for daily crypto updates!