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

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

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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

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?

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