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

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 23 October 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 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 Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Thanks for listening to Unchained, your no-hype resource for all things crypto on the CoinDesk
0:05.2	Podcast Network. You can also listen to the episodes on the Unchained feed earlier if you
0:10.5	subscribe there. Plus, check out all our content on our website, Unchained Crypto.com.
0:16.4	This is not something that, you know, people want to buy because they want exposure to,
0:22.1	you know, doge coin or something, right?
0:23.7	It's, you know, it's a technology that businesses are utilizing on a daily basis to keep
0:30.6	operating, right?
0:31.6	To keep their business afloat, you know, keep their, keep their family fed, keep the employees on the team.
0:39.2	And it's really been incredible to see the impact that we've been able to have on some of these businesses, right?
0:45.0	Just being able to help them operate, be able to improve efficiencies and improve, you know,
0:51.3	the way that they handle their treasury and, you know, the way that they manage
0:54.6	exposure and risk on the continent.
1:00.1	Hi, everyone.
1:01.2	Welcome to Unchained.
1:02.1	You're a no-hype resource for all things crypto.
1:04.1	I'm your host, Laura Shin, author of The Cryptopian.
1:07.3	I started covering crypto nine years ago, and as a senior editor of Forbes was the first
1:11.1	matronetri-meter porter to cover cryptocurrency full-time. This is the October 22nd, 2024 episode
1:16.4	of Unchained. Robin Hood's Defi mobile app takes no fees on same chain and cross-chain swaps.
1:25.9	Use Arbitrum's layer two to swap with low network fees
1:29.0	in just a few taps. Other fees may apply. Download on iOS or Android today. Mantles M-Eath is now
1:37.0	the fourth largest LST with $1.3 billion in TVL. M-Eth offers holders cumulative incentives
	...

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