NoOnes says it has surpassed 2.5 million users globally, with growth led by Africa and other emerging markets using P2P crypto for payments and remittances.
NoOnes announced that its global user base has passed 2.5 million. The company attributed the growth to higher demand for digital financial services in emerging markets.
NoOnes runs a peer-to-peer, or P2P, crypto marketplace, which means users trade directly with each other instead of buying from the platform itself. The marketplace supports local payment methods, including mobile money, as well as gift cards.
The company was founded by Ray Youssef, the former CEO of Paxful. It says usage is rising in regions where people use P2P crypto for remittances, everyday payments, and online purchases, especially in places with limited access to traditional banking.
NoOnes also says it is building a broader “crypto-based payments ecosystem”. That includes crypto swaps, which are quick conversions between one digital asset and another, gift card and voucher trading, mobile airtime and data top-ups, and virtual payment cards, which are card numbers you can use online without a physical card.
The company said gift cards and vouchers now make up more than 10% of marketplace activity. It has also signaled plans to add support for more international and regional retail brands.
User growth is one signal that P2P crypto is sticking in parts of Africa where cross-border payments are slow or expensive. It also shows how crypto platforms are leaning into practical use cases like stablecoins, gift cards, and virtual cards to serve users who want access to global commerce.
The expansion beyond trading matters for competition too. As more African fintechs and crypto firms build alternative payment rails, products that bundle trading, payments, and spend tools in one app can increase user retention and transaction volume.
Primary Source: BitKE
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