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Author Topic: Coinbase Partners With Yellow Card to Expand Access to Its Products in 20 Africa  (Read 141 times)

Offline sirty143

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


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.

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Offline Zed0X

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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.

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.

 

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