Yellow Card, the largest and sole licensed Stablecoin on/off ramp in Africa, has partnered with leading U.S. cryptocurrency exchange, Coinbase, to expand and streamline access to USDC (USD Coin) and digital assets across Africa.
Coinbase has integrated the newly introduced Yellow Card Widget, granting Coinbase Wallet users access to Yellow Card’s extensive network of payment methods spanning 20 African countries. This partnership aims to revolutionise the accessibility and convenience of digital assets throughout the African region.
The Yellow Card Widget serves as an enhancement to Yellow Card’s existing Payments API, which facilitates businesses in providing local currency transaction options for their African customers. With the Widget, businesses like Coinbase can now offer an improved experience for customers engaging with digital assets.
Chris Maurice, the co-founder and CEO of Yellow Card, has expressed excitement about the partnership, stating, “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.”
Coinbase Wallet customers in Africa will enjoy several benefits through the integration of the Yellow Card Widget, including:
- Convenient and Affordable Payment Methods: Users will have access to a range of convenient and cost-effective payment methods, including local bank transfers and mobile money, all conducted in their local currency.
- Safe and Secure Transactions: The partnership ensures a secure environment for buying and selling virtual assets, instilling trust and confidence among customers.
- Enhanced Customer Experience: Yellow Card’s customers can expect a more streamlined and improved experience, making digital asset transactions user-friendly and efficient.
- Quick and Easy KYC Process: Yellow Card’s expertise in onboarding customers across Africa will expedite the Know Your Customer (KYC) process, providing a swift and hassle-free onboarding experience.
- Low Fees and Competitive Rates: Coinbase customers in Africa will benefit from minimal transaction fees and favourable exchange rates when converting between their local currency and USDC.
Yellow Card customers will also gain the ability to transfer and receive USD Coin (USDC) using Coinbase’s Base chain. This Layer 2 solution offers faster transaction speeds and lower fees compared to the ERC-20 network.
