Expanding Global Access to Crypto with Onboard

Coinbase Wallet has integrated Onboard P2P to simplify global crypto access by allowing users to buy cryptocurrency with local currency through a peer-to-peer exchange. This integration removes the need for lengthy ID verification for purchases under $100 and significantly reduces fees, making crypto onboarding faster and more accessible—especially in regions with limited financial infrastructure.

Key Ideas

Onboard P2P enables crypto purchases via local currency without ID verification for small transactions, completed in under 5 minutes.
Expansion plans include launching Onboard in over 50 countries in 2025, starting with Nigeria and soon reaching Argentina, India, Indonesia, Kenya, the Philippines, and Turkey.

Why It Matters?

Entrepreneurs can leverage Onboard’s low-friction crypto purchasing model to launch region-specific crypto services, especially in emerging markets. They should consider becoming merchant partners to tap into new user bases.