TBD, a subsidiary of Block specializing in decentralized technologies, has introduced tbDEX, an open-source protocol designed to connect traditional financial systems with the growing Bitcoin ecosystem.

tbDEX, aiming to enhance trust and liquidity in various financial environments, has been adopted first by Yellow Card, a leading Bitcoin and cryptocurrency exchange in Africa.

tbDEX introduces an open-source framework for liquidity and trust, enabling global transactions. This allows financial entities to execute trusted transactions, bypassing intermediaries.

Emily Chiu, COO of TBD, highlighted that tbDEX integrates new decentralized payment systems and currencies with existing onramps without requiring users to abandon their current financial tools.

Yellow Card's integration of tbDEX facilitates Bitcoin-to-fiat exchanges in 20 African countries, allowing users to receive Bitcoin or stablecoin payments and withdraw them in local currencies through banks, P2P apps, or mobile money providers.

TBD's CEO, Mike Brock, describes tbDEX as a tool that streamlines and secures asset exchanges by facilitating trusted transactions across various currencies and digital assets without needing intermediaries, reducing the likelihood of fraud and errors.

TBD and Yellow Card's collaboration has already showcased tbDEX's real-world potential. Yellow Card effectively used tbDEX for a Bitcoin to Kenyan shilling exchange, instantly transferring funds to an M-PESA account, while adhering to legal and regulatory standards.

Yellow Card operates in 20 African nations, including Botswana, Cameroon, DR Congo, and others, facilitating access to Bitcoin, stablecoins, and traditional financial systems continent-wide through its tbDEX integration.

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