UNCHAINED: How This Stablecoin Business in Africa Is Taking on SWIFT and Big Banks

Oct 23, 2024

Chris Maurice, co-founder and CEO of Yellow Card, a stablecoin service in Africa, shares his remarkable journey from selling Pokémon cards to transforming B2B payments across the continent. He details how stablecoins are reshaping international transactions, offering a viable alternative to SWIFT, especially in countries like Nigeria. Maurice also discusses the complexities of doing business in Africa and the significant economic impact of crypto adoption. His insights shed light on why USDT is the preferred stablecoin and why the world should pay attention to Africa's evolving financial landscape.

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Intro

00:00 • 2min

Transforming B2B Payments in Africa with Stablecoins

01:51 • 2min

Stablecoins Transforming Payments in Africa

03:50 • 14min

Exploring Stable Coins and Financial Innovation in Africa

17:44 • 3min

Navigating Crypto in Africa

20:44 • 13min

Stablecoins in Emerging Markets

33:17 • 11min

This former Pokemon card seller is at the forefront of a quiet crypto revolution in Africa, where stablecoins are already disrupting international payments and helping businesses thrive.

Africa is quickly becoming one of the most dynamic regions for crypto adoption, but the story unfolding there is very different from what many in the West might imagine.

Chris Maurice, co-founder and CEO of Yellow Card, joins the show to share how stablecoins are already transforming businesses across the continent, solving real-world problems, and taking on SWIFT. Plus, he explains why USDT is the stablecoin of choice there.

He also dives into the long-term economic impact of crypto adoption and explains why anyone serious about business should be paying close attention to Africa.

Show highlights:

What Yellow Card is and the focus on U.S. Dollar stablecoins
The complexities of doing business in Africa
Which African countries have the highest rate of adoption
Chris’s background and his fun story of how he got into working in Africa
How operating a company in Africa is different from other places
Why Yellow Card is currently operating with three stablecoins, and the dominance of USDT
Why Yellow Card only offers centralized stablecoins
Why everyone should pay more attention to the continent, according to Chris

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest:

Chris Maurice, cofounder and CEO of Yellow Card

Links

Previous coverage of Unchained on stablecoins and emerging markets:
Anita Posch on Why ‘Bitcoin Is a Tool for Freedom’ – Especially in Africa
6 Stablecoins That Are Driving the Sector’s Two-Year High in Market Capitalization
Castle Island Ventures’ report: Stablecoins: The Emerging Market Story

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

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