Coinbase, the largest cryptocurrency exchange in the USA, has partnered with local stablecoin exchange Yellow Card to expand its services specifically for Africa.
Coinbase is a stablecoin exchange based in Africa to increase global compatibility Yellow Card established a partnership with. The company, which serves more than half of the African population, from this point on Coinbase Wallet app to its users quickly and inexpensively through USD Coin (USDC) will be able to provide the service.
This step also includes users’ e-mail and WhatsApp, iMessage And Telegram through popular messaging apps such as Send stablecoins without paying any fees will also allow.
In the official blog post shared by Coinbase on the subject, it was stated that this integration provided in an inflationary region like Africa could be very valuable:
Many of these countries have high inflation and require very high transaction fees for remittances. This partnership, with an emphasis on USDC, will increase economic freedom in places that lack it and help revive a modern financial system that does not exist.