The adoption of Blockchain technology has not yet reached the level of Artificial Intelligence due to two reasons I believe.
First, the complexity of interacting with various web3 platforms. Second, people only use products that provide real utility, meaning they need to see tangible value, which most blockchain applications still struggle to offer, except a few.
To appreciate the second point, consider AI has existed for almost a decade but it gained unprecedented growth only after the launch of Chatgpt, which introduced Large Language Models that enabled regular people to interact with models through natural language.
Yes, I know I said two reasons, but a third reason exists, particularly if you are coming from developing countries in Asia and Africa. You see most of the services in crypto are denominated in dollars, and the pioneers of the technology are based primarily in the developed countries, designing infrastructure that fits their markets.
This has created significant bottlenecks to crypto adoption in these countries, as either their lack of integration of local payment methods with the wallets or the cost of entry is too high.
Africa has one of the highest rates of unbanked people in the world due to the lack of financial infrastructure in many regions. This unique landscape has made Africa become a global leader in the adoption of Web3 technologies, even overtaking the Western markets. Now, young developers and entrepreneurs are seizing opportunities created by Web3 solutions to create financial products for local needs, from payment solutions to decentralized governance tools.
What is Onboard?
Onboard is a payment processor that simplifies the process of buying and selling crypto for the unbanked. What it does is offer a streamlined way for non-crypto savvy users to buy any token with a few clicks and a debit card. This opens doors to mass adoption as Onboard aims to offer the best first-time experience in crypto.
Onboard is a non-custodial wallet created by the crypto startup Nestcoin. At Onboard we believe that where you are born or live should not determine the quality of life or financial products and services you have access to. We believe the on-chain economy should be available to everyone.
To expand financial inclusion, Onboard offers virtual USD cards that can be funded by the local currencies in the enrolled countries. For example, in Kenya, Onboard provides users with a platform to change USDT and USDC to Kenya shillings and vice versa.
Access to other crypto platforms, such as Binance, have not been effective much due to lack of on- and off-ramp solutions to the local currency thus making Onboard a preferable choice.
In many countries in Africa, there is a hurdle in cross-border payment, making the exchange of value difficult between them. Onboard solves this problem with its on-chain peer-to-peer model, allowing access in several countries without the need to integrate into local payment systems.
Using Onboard:
- You can download the Onboard wallet at Playstore or Appstore.
- For full functionality of the app, you will have to complete KYC(Know your customer), this process involves identity verification for regulatory compliance and fraud prevention.
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- Now the wallet is fully set up, you can add, transfer, and swap crypto in the app.
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Next, you can set up to 3 USD cards that can be used to pay for any service worldwide.
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You can directly sell crypto to your mobile money service, bank accounts and if interested participate in P2P trading.
If you are a builder in this space, Onboard has offered the opportunity to join the exclusive community called Onchain Dreamers where if accepted you will connect with other ODs, network globally, attend both online and IRL events, and get grants for community projects.
Blockchain adoption is still a long journey, particularly in regions where financial infrastructure poses barriers. Onboard is changing this reality by making crypto accessible and practical for everyone, particularly for the unbanked across Africa. With its seamless, user-friendly platform, Onboard allows users to interact with crypto in a way that feels natural, unlocking the financial freedom Web3 can provide.
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