Coinbase Partners with Onboard Global to Offer Crypto P2P Payments in Nigeria
Global cryptocurrency exchange Coinbase has partnered with Onboard Global, a fintech company, to expand peer-to-peer (P2P) crypto payments in Nigeria. The collaboration aims to enhance financial inclusion and provide Nigerians with seamless access to digital assets.
With Nigeria being one of the largest crypto markets in Africa, the partnership will enable users to conduct P2P transactions directly, bypassing traditional banking limitations. Coinbase’s integration with Onboard Global will offer Nigerians a more efficient and cost-effective way to send and receive crypto payments, especially amid regulatory challenges affecting crypto transactions in the country.
Onboard Global specializes in simplifying crypto transactions, making it easier for users to convert digital assets into local currency. This partnership aligns with Coinbase’s broader mission to promote financial freedom and increase crypto adoption worldwide.
Coinbase’s entry into the Nigerian market comes at a time when the demand for decentralized financial solutions is growing, driven by currency devaluation and banking restrictions. The initiative is expected to benefit individuals and businesses seeking alternative payment solutions.
Through this partnership, Nigerians will gain access to a reliable and secure P2P payment system, leveraging blockchain technology to facilitate faster transactions. The move underscores the growing role of cryptocurrency in Africa’s financial ecosystem, reinforcing Nigeria’s position as a key player in global crypto adoption.
As the partnership unfolds, Coinbase and Onboard Global are set to revolutionize the digital payment landscape in Nigeria, providing a more inclusive and accessible financial system.
