Collaboration between Bitget and Callpay allows for South African Rand transactions to be facilitated
In a significant move, Nigerian users can now purchase cryptocurrencies directly with the naira through Onboard's peer-to-peer marketplace, thanks to a partnership between Onboard and the crypto exchange Bitget. This integration allows African users to buy Bitcoin and USDC seamlessly within the wallet, marking a growing example of a broader trend.
Bitget's partnership with Callpay is not an isolated incident. It reflects a trend where crypto exchanges are integrating local payment solutions to boost adoption. Coinbase Wallet, for instance, has recently partnered with Onboard and integrated Yellow Card's payment infrastructure.
This shift towards local partnerships is crucial for emerging markets, where fiat-to-crypto transactions can be challenging due to less developed crypto infrastructure. White-label exchange models like Binance Cloud, HollaEx, and AlphaPoint are contributing to this ease by supporting rapid deployment of crypto exchanges, thereby easing fiat onramps.
Binance, through its "Binance Cloud" white-label platform, enables partners in various markets to launch exchanges quickly with pre-integrated liquidity pools and compliance tools. This has lowered operational costs by up to 70% and allowed quicker market entry, facilitating seamless fiat-to-crypto onboarding in emerging economies.
Similarly, AlphaPoint, serving institutional clients, provides compliance-focused, AI-driven white-label exchange solutions that simplify regulatory adherence and liquidity integration. HollaEx, another white-label provider, supports rapid deployment of crypto exchanges, contributing to easing fiat onramps particularly in regions with less developed crypto infrastructure.
Recent collaborations between major stablecoin consortiums and leading international crypto exchanges have also integrated USDG stablecoin support across 180 countries, including the EU. This enhancement of fiat-to-crypto conversion is particularly crucial for emerging markets with unstable local currencies.
Exchanges entering regions such as the EU and Asia are increasingly partnering with local payment providers and operating within regulatory frameworks like the EU’s MiCA, Hong Kong SFC, or Singapore’s Payment Services Act. This move enhances fiat gateway availability, making it easier for users in these regions to access cryptocurrencies.
While the search results do not explicitly list all specific local payment providers partnered with exchanges in emerging markets, the highlighted white-label exchange models strongly suggest they integrate local payment infrastructures to support fiat onramps. Additionally, regulatory clarity in regions like Asia and the Middle East encourages exchanges to establish local payment solutions for fiat-crypto transactions.
In conclusion, the leading global crypto exchanges and white-label platforms have pursued partnerships and infrastructure integrations with local payment providers in emerging markets to improve fiat-to-crypto ease, reduce operational costs, and drive adoption through compliant, liquidity-rich, and user-friendly solutions.
Bitcoin and other digital assets are becoming more accessible in Nigeria as Onboard's partnership with Bitget allows direct naira purchases of cryptocurrencies. This trend of crypto exchanges integrating local payment solutions like Callpay and Yellow Card is crucial for emerging markets, such as Africa, to boost adoption. Binance, Coinbase Wallet, and other white-label exchange models are easing fiat onramps by supporting rapid deployment of crypto exchanges, which lowers operational costs and allows quicker market entry in regions with less developed crypto infrastructure. Exchanges are also partnering with local payment providers and operating within regulatory frameworks to enhance fiat-to-crypto gateway availability in regions like the EU and Asia, making it easier for users to access digital assets. This shift towards local partnerships is a significant move for the growth of the global economy and technology-driven finance.
