Onchain Africa: How OnboardGlobal Fintech Integrates the Continent

62

In Brief

• OnboardGlobal fintech provides under-$100 KYC-light P2P crypto trading, enabling Nigerian freelancers to receive stablecoin payments and convert instantly to local currency.

• Strategic partnerships (e.g., Coinbase) and “Creator Scouts” programs foster NFT Monetization and community-driven innovation across Africa.

• Buildathons like Based Africa accelerate dApp development, tackling instant payments, financial inclusion, and on-chain rewards tailored to African markets.

With blockchain now becoming an ideal option for startups, governments, and banks, various entities stand out given their innovative approach.

OnboardGlobal, a p2p crypto trading platform, has made key strides leveraging one of Africa’s crypto-vibrant regions: Nigeria.

Their multi-facet approach, combining accessible crypto tools and robust support for artists and community developments, aims to integrate the continent more seamlessly into the burgeoning global on-chain economy integration.

OnboardGlobal fintech’s Blockchain Initiatives: Empowering Creators and Driving Financial Inclusion

Similar to major DeFi platforms and P2P crypto trading firms, OnboardGlobal aims to dismantle traditional barriers to financial services.

The firm recognized Africa’s limitations and complexities, especially for freelancers, creators, and small businesses. As a result, OnboardGlobal Fintech enables seamless movements between local fiat currencies and digital assets.

The firm has partnered with Coinbase, targeting Nigeria’s vibrant crypto culture, allowing users to buy and sell crypto directly using its local currencies.

In addition, to lower the entry barrier, transactions under $100 value do not require stringent Know Your Customer Verification.

For instance, a Nigerian freelancer can now receive payments in stablecoins, convert them to local currency via the platform, and spend them instantly—all within a decentralized framework.

This factor has significantly added to the firm’s popularity as an alternative amid previous regulatory challenges faced by other exchanges.

CHECK OUT:Round 2 on Nigeria’s Policy Playbook: Blockchain, Broadband, and Digital Literacy

The firm has announced plans to extend its reach into Kenya, which recently showcased adoptive trends with the government releasing a VASP draft.

The firm also operates its own OnboardExchange service, a peer-to-peer platform enabling users in Nigeria and Kenya to convert local currency into stablecoins.

Such tools mitigate volatility, facilitating practical, everyday financial transactions in the digital realm.

Onchain Economy Integration: Bridging Art, Culture, and Technology

Web3 goes beyond finances, enabling the creation of new tools, resulting in a growing number of Blockchain enthusiasts among Africa’s youth.

OnboardGlobal is highly perceptive of this fact, fostering an on-chain economy integration by supporting African creators.

Africa has an immense talent pool, and with NFTs becoming an alternative income source for many, investing in them will eventually pay off.

Initiatives like the “2089: From Africa, With Love” on-chain collection amplify Afrofuturist visions, empowering more artists to monetize their work on blockchain platforms.

The collection is available on Coinbase wallet, featuring diverse works from African creators like “‘Two Days Before Yesterday'” drawing inspiration from Nigeria’s Ijaw tribe.

Another standout example is the “Lagos Labs,” capturing the dynamic essence of Nigeria’s megacity.

By integrating crypto-creator support into its core mission, OnboardGlobal is building a sustainable ecosystem where artists can thrive.

Moreover, the company’s on-chain creator fund —though not explicitly detailed in public reports—appears to align with these efforts. By allocating resources to on-chain projects, OnboardGlobal ensures that African voices remain central to the global blockchain narrative.

Building the Future, Block by Block: Community Innovation

True on-chain economy integration requires participation and active contribution within communities and development alike.

OnboardGlobal cohost Buidathons for developers like the  Based Africa Buildathon launched in September 2024. The event challenges developers to create blockchain solutions tackling local challenges, significantly improving Africa’s growing talent pool.

The initiative is part of the “Based Around the World” series and focuses on applications for instant payments, financial inclusion, and creative rewards.

Focus areas include:

• Instant Payments: Creating faster, cheaper alternatives to traditional remittance and payment systems.
• Access to Financial Services: Designing decentralized applications (dApps) that provide credit, savings, and insurance to the underserved.
• Rewarding Creativity: Developing novel platforms and mechanisms for creators to capture value from their work.

By nurturing local talent and providing the tools and platforms for innovation, OnboardGlobal helps cultivate homegrown solutions that address uniquely African needs, further accelerating on-chain economy integration from the ground up.

A Connected, Empowered Future

Onboard Global FinTech has a tangible community in Nigeria. Recruitment drives targeting its vibrant creator, freelancer, and remote worker communities, seeking “Onboard Champions” to promote their finance app and “Creator Scouts” to identify and support artistic talent.

They have also expanded their reach in Kenya, India, and Indonesia, aiming to build local teams to kickstart communities that foster organic growth.

Partnerships, like the one with Coinbase, also serve a strategic risk-mitigation function, leveraging OnboardGlobal’s local verification expertise to navigate regulatory nuances.

The P2P crypto trading platform provides a compelling blueprint for leveraging blockchain to drive tangible socio-economic progress.

CHECK OUT:Beyond Play: Rise of Fearless Fosters 2,500+ Strong African Community

The buildathons, on-chain economy integration, and crypto creator support have fueled its growth, becoming a powerhouse in Africa’s Web3 future.

The journey involves navigating complexities, but the trajectory points towards a more inclusive, connected, and prosperous African economy integrated into the global digital mainstream.

For stakeholders, the message is clear: the future of finance and creativity is decentralized, and OnboardGlobal is leading the charge.

With every transaction, artwork, and developer’s code, Africa’s role in the global blockchain ecosystem grows stronger.