NoOnes Aims to Bridge Crypto-Traditional Finance Gap with Virtual Cards

NoOnes, a global South crypto P2P app, aims to promote virtual cards to its users after research shows that stablecoin use on its platform has increased from 25% to 60% over two years. The company believes that combining virtual cards with coins like USDT can open the global financial system for users in the Global South who face problems accessing traditional banking.

NoOnes plans to persuade its users of the benefits of connecting USDT to a Virtual Visa card, citing the latter's widespread acceptance and ability to process approximately $14 trillion annually. The company highlights that virtual cards can bridge the gap between cryptocurrency and traditional finance, enabling crypto users to access goods and services in countries with limited digital payment infrastructure.

The adoption of virtual cards could have significant implications for Africans, who have a high rate of mobile money (MoMo) usage but struggle with cross-border transactions. By adding virtual cards to their digital wallets, users can convert their stablecoins into local currencies and access the global financial system.