{"id":19971,"date":"2023-04-18T08:20:51","date_gmt":"2023-04-18T08:20:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tbd-and-yellow-card-to-enable-fiat-on-and-off-ramp-payments-in-16-african-countries-via-btc-bitcoin-news\/"},"modified":"2023-04-18T08:20:51","modified_gmt":"2023-04-18T08:20:51","slug":"tbd-and-yellow-card-to-enable-fiat-on-and-off-ramp-payments-in-16-african-countries-via-btc-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tbd-and-yellow-card-to-enable-fiat-on-and-off-ramp-payments-in-16-african-countries-via-btc-bitcoin-news\/","title":{"rendered":"TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 African Countries via BTC \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable and accessible, but compliant as well.<\/strong><\/p>\n

Hedging Against Inflation With BTC<\/a><\/h2>\n

TBD, a bitcoin developer-focused entity owned by Jack Dorsey\u2019s Block, has joined hands with the crypto exchange platform Yellow Card to launch a platform that enables fiat on and off-ramps and payments in 16 African countries. According to a press release<\/a>, the objective of this new development is to make cross-border payments more affordable and accessible, as well as to create compliant channels for remittances.<\/span><\/p>\n

As per the April 12 press release, the Africa-focused crypto platform Yellow Card will be one of TBD\u2019s first partners to make it possible for users to send U.S. dollars or BTC<\/a> and for recipients to get the local currency equivalent. For recipients living in countries with hyperinflation, the platform can be used as a place to store BTC<\/a> or stablecoins.<\/span><\/p>\n

Commenting on his company\u2019s partnership with TBD, Chris Maurice, the co-founder and CEO of Yellow Card, said:<\/span><\/p>\n

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We\u2019re thrilled to work with TBD and the Block team on tbDEX and their global payments initiatives. The international payments space, especially in Africa, is in dire need of the innovative solutions we are building together, and this is the culmination of the vision behind Block\u2019s initial investment in Yellow Card in 2021.<\/p>\n<\/blockquote>\n

Emily Chiu, the co-founder and COO of TBD, spoke of her organization\u2019s mission of advancing Block\u2019s empowerment via \u201cbreaking down the barriers to financial access across the Global South.\u201d Chiu added that Yellow Card\u2019s focus on Africa makes it the ideal partner to help TBD achieve its objectives.<\/span><\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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