This collaboration will integrate Yellow Card's payment systems into Coinbase's L2 Base platform, aiming to reduce transaction fees to a maximum of 2 , significantly lower than traditional fiat transfer rates of up to 6 .The initiative is a response to the unique financial challenges faced by Africa's young and rapidly growing population, which is currently underserved by conventional financial systems. The partnership with Yellow Card underscores Coinbase's commitment to making digital currencies more accessible and useful in regions where the traditional banking infrastructure is limited or inefficient.
Coinbase and Yellow Card collaborate to integrate Yellow Card's payment systems into Coinbase's L2 Base platform, reducing transaction fees to a maximum of 2%, significantly lower than traditional fiat transfer rates of up to 6%. This partnership aims to address the financial challenges faced by Africa's underserved population.