NestCoin has announced the launch of Onboard, a digital finance platform aiming to provide modern, world-class digital finance services that connect Africans to the global economy.
According to the Web3 startup, traditional finance cannot provide solutions for organisations of the future and truly global citizens. As a result, over the past few months, the company has focused its efforts on building Onboard, a first-of-its-kind financial solution to power Africa’s economic transformation.
According to NestCoin, Onboard launched with minimal features, which allows its community to participate in building the products they want and believe will help them achieve their desired future.
“We believe that self-actualisation should be possible, and that you should be free to choose your own future,” said Yele Bademosi, Co-Founder and CEO of Nestcoin.
“We want our members to be involved in creating the product they want, so they can create the future they envision. We consider what we have built to be the foundation and invite our users to join our community to build the ideal financial product. Essentially, we are giving you the power to ‘Be Your Own Bank.’”
The Onboard Wallet is described as a simple and secure self-custody wallet for managing digital assets with no middlemen offering a seamless user experience, a seedless wallet, and an easy way to transfer funds directly to a bank account without going through an exchange.
“In the past decade, centralized cryptocurrency exchanges have gained more market share due to their ease of use, better user experience, and ability to offer security and comfort to users. The complexity and user experience gap in decentralized finance has played a significant role in driving people towards centralized exchanges (CEXs). The past few months in the industry have strengthened our resolve to build a decentralized crypto future. We aim to provide users with simple and delightful financial options that eliminate the need for ‘trust’ between parties,” said Bademosi.
NestCoin was in the headlines back in November 2023 when it said it was forced to let go about 30 of its employees following the FTX bankruptcy.
NestCoin had raised a $6.45 million pre-seed investment in February 2022 with several participants including Alameda Research, the quantitative trading firm linked with FTX. According to Bademosi, some of the money raised was then held in FTX, either as stablecoins or cash.
Follow us on Twitter for the latest posts and updates
___________________________________________
___________________________________________
