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The open-source protocol tbDEX developed by TBD (a specialized branch under Block for decentralized technology) has been adopted for the first time by the African cryptocurrency exchange Yellow Card. tbDEX offers an open-source liquidity and trust protocol, facilitating seamless value exchange and transactions between individuals and institutions globally. Its core innovation lies in enabling financial institutions to conduct verifiable, trust-based transactions without intermediaries. The integration of Yellow Card with tbDEX signifies a significant shift in Africa, opening up channels for Bitcoin to fiat currency conversion in 20 African countries. Users in these countries will be able to receive Bitcoin or stablecoin payments directly in local currency and withdraw through bank accounts, P2P payment apps, or mobile money providers. |
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