🎉 Nigeria🇳🇬: Coinbase Partners with Onboard Global🇨🇳 to Offer P2P Crypto Payments

🎉 Nigeria🇳🇬: Coinbase Partners with Onboard Global🇨🇳 to Offer P2P Crypto Payments

Nigerians can now buy and sell cryptocurrencies through the Chinese platform Onboard Global. This partnership comes a year after Nigeria's regulatory crackdown on Binance, which led local authorities to file a lawsuit on February 20. Despite these challenges, the Nigerian market has gained prominence within the crypto community, creating new opportunities for alternative cryptocurrency exchanges.

➡️ The partnership with Onboard helps Coinbase mitigate potential regulatory risks. If any issues arise, Onboard will handle the verification process and secure execution of transactions.

➡️ For transactions under 100 USD, buying cryptocurrency on Coinbase does not require KYC, allowing Nigerians to operate without concerns about regulatory complications.

➡️ Base, Coinbase's Ethereum Layer 2 blockchain network, will play a key role in the partnership, offering a scalable and low-cost protocol to support transactions.

➡️ Users will be able to trade ETH, ERC-20 tokens like USDC, DAI, WBTC, LINK, and over 540 tokens. Under normal conditions, Base can reach 95 transactions per second (TPS), significantly improving protocol performance.

➡️ Note: Onboard also collaborates with the cryptocurrency platform Onramper, enabling users to buy crypto from liquidity providers such as Yellow Card, Coinify, Neocrypto, Alchemy Pay, and LocalRamp. Additionally, users can make bank transfers to top up virtual wallets or buy from P2P merchants.

For more information on the complex crypto landscape in Nigeria, check out our hashtag #Africa.

#news #crypto #USA #China

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you