Coinbase Expands To Africa, This Partnership Will Make It Happen

Name	Symbol	Market	Market Cap ($)	Algorithm
USD Coin	USDCUSD	Crypto	35,548,452,411	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

USD Coin

USDCUSD

Crypto

35,548,452,411

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0001	-0.01%	0.9998	0.9998	0.9999

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0001

-0.01%

0.9998

0.9999

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.00	0.9996	0.9999	0.9999	0.900010 - 1.29

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.00

0.9996

0.9999

0.900010 - 1.29

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	23:16:49	295.08	0.99998	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

23:16:49

295.08

0.99998

USD

Price x Volume	Volume	Base Symbol	Related Pairs
49,356,368.17	49,361,580.17	USDC	USDCEUR	USDCGBP	USDCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

49,356,368.17

49,361,580.17

Coinbase Expands To Africa, This Partnership Will Make It Happen

13/01/2024 3:00am

NEWSBTC

On January 11, crypto exchange Coinbase unveiled its partnership with Yellow Card, the largest and first licensed Stablecoin on/off ramp on the African continent, to expand the access of their products to emerging economies across the African continent. Expansion To Emerging Economies Coinbase will expand access to its products through this new partnership with Yellow Card, starting with 20 African countries. They will provide millions of African users access to USD Coin (USDC) on the Coinbase Wallet and the Yellow Card app. Both partners expect to “increase economic freedom” in many of these countries, whose economies have suffered from high inflation and remittance dependency and the lack of a modern financial system vastly sought by the younger generations. As they state in their press release: Young people are more likely to recognize the benefits of crypto: more than seven in 10 crypto owners globally (72%) are under age 34. Related Reading: Coinbase Custody Head Departs As Crypto Giant Prepares For Bitcoin ETF Services Their Plan To Make The Global Financial System “More Accesible” To achieve opening access to a more modern and global financial system, they will facilitate access to USDC on Base for cheaper fees and faster transactions than traditional transfers starting in February 2024. In the Coinbase Wallet, users will be able to purchase USDC directly from their Wallet app, as well as sending USDC without any fee to messaging and social media apps, as they noted: Coinbase Wallet users will be able to easily send USDC without fees on any platform where they can share a link — including messaging apps like WhatsApp, iMessage and Telegram, and through popular social media apps and email. Users of the Yellow Card’s platform can purchase USDC on Base and transfer through the L2 blockchain, benefiting from cheaper fees and easy access to the stablecoin, too. Chris Maurice, Co-Founder and CEO of Yellow Card, expressed his excitement in an X (formerly known as Twitter) post. Maurice is optimistic about the future of the partnership and the solutions it might bring to African people and businesses. The partnership aims to protect users’ savings across the African continent from “unstable currencies” and economic volatility due to the high inflation rates of up to 18.5%. Related Reading: Coinbase Introduces New Features For Global Remittances They will offer lower remittance fees, with the maximum fee being 2%. As well as offering access to the global financial system to small and medium enterprises (SMEs) by allowing merchants to set up a Wallet in less than a minute and broadening their growth. In summary, the Coinbase and Yellow Card partnership will expand solutions for people and businesses in 20 African countries by making the global financial system more accessible. Coinbase (COIN) is currently at $132.85 on the daily chart. Source: COINUSD on Tradingview.com Featured image from Unsplash, Chart from TradingView.com

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