How This Stablecoin Business in Africa Is Taking on SWIFT and Big Banks - Ep. 722

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 22 October 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 Thank you to our sponsors! Polkadot Mantle Robinhood & Arbitrum 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 Timestamps: 00:00 Intro 02:03 What Yellow Card is and why it focuses on U.S. dollar-denominated stablecoins 04:31 The complexities of doing business in Africa 10:42 Which African countries have the highest crypto adoption 19:17 How Chris got into working in Africa 25:11 How operating in Africa differs from other regions 32:42 Why USDT dominates Yellow Card’s stablecoin business 38:31 Why Yellow Card only uses centralized stablecoins 39:22 Does Africa deserve more attention? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is not something that people want to buy because they want exposure to, you know,
0:05.6	Dogecoin or something, right?
0:06.9	It's, it's, you know, it's a technology that businesses are utilizing on a daily basis to keep operating, right, to keep their business
0:15.6	afloat, to, you know, keep their family fed, to keep the employees, you know, on the team. And it's really been incredible to see the impact that we've been able to have on on some of these businesses right just being able to help them operate be able to you improve efficiencies and improve the way that they handle their treasury and the way that they manage exposure and risk on the continent.
0:40.0	Hi everyone. Welcome to Unchained, you're a no-hype resource for all things
0:46.6	crypto. I'm your host Laura Shin, author of the cryptopian. I started covering crypto nine years ago
0:52.3	and as a senior editor of Forbes was the first
0:54.3	nature meter reporter to cover cryptocurrency full time. This is the October 22nd
0:58.4	2024 episode of Unchained. Robin Hood's D-Fi Mobile app takes no fees on same chain and cross chain
1:07.8	swaps. Use Arbitrums layer 2 to swap with low network fees in just a few taps. Other fees may apply.
1:15.1	Download on iOS or Android today. Mantles Emmeth is now the fourth largest LST with
1:21.7	1.3 billion billion in TVL.
1:24.0	Emmeth offers holders cumulative incentives and air drops,
1:27.2	in addition to native Eeth POS yields.
1:29.5	This includes exclusive rewards like Eigen and cook. Check it out at meeth dot mantle
1:34.4	xy z slash campaigns. Pocodot is the original and leading layer zero
1:39.1	blockchain with over 2000 plus developers and the Pocodot 2.0 upgrade will be a massive accelerator for the ecosystem,
1:46.2	making it faster, more secure, and adaptable, perfect for GameFi and Defi to build, grow, and scale.
1:53.2	Join the community at Pocodot. network
1:55.8	slash ecosystem slash community.
1:58.9	Today's guest is Chris Maurice, co-founder and CEO of Yellow Card. Welcome, Chris.
2:03.7	Oh, it's so great to be here, Laura.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.