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Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: sirty143 on January 13, 2024, 12:43:55 PM

Title: Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 Africa
Post by: sirty143 on January 13, 2024, 12:43:55 PM

Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 African Countries

(https://i.imgur.com/c00nu9Hm.jpg)

The leading crypto exchange Coinbase has said it will expand access to its products to 20 African countries. Coinbase also claimed that its partnership arrangement with the Africa-focused crypto exchange Yellow Card... See more for yourself here (https://news.bitcoin.com/coinbase-partners-with-yellow-card-to-expand-access-to-its-products-in-20-african-countries/).

Your opinion is greatly appreciated.

Title: Re: Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 Africa
Post by: Zed0X on January 13, 2024, 01:51:41 PM

So many buzzwords written about this patnership when it's just about buying/selling USDC for fiat currency in Africa. Anyway, I can see how it will benefit those who will take advantage of this as a lot of African currencies are weak against the USD (https://africa.businessinsider.com/local/markets/worst-performing-african-currencies-against-the-us-dollar-last-year/z4tlyt1?op=1).

Quote

Below are the worst performing African currencies against the US dollar in 2023:
Rank    Currency    Depreciation percentage
1    Nigerian naira    -55.0
2    Angolan kwanza    -39.2
3    Malawian kwacha    -39.1
4    Zambian kwacha    -29.5
5    Burundi franc    -27.6
6    Congolese franc    -24.0
7    Kenyan shilling    -20.9

Nigeria will definitely be Coinbase' main market.

If you're from Africa, better hope that your Central Banks won't do any silly move to block this.