Paxful, a global peer-to-peer cryptocurrency marketplace, targets East African market.
Its entrance into the East African market comes at a time where Kenya’s M-PESA system, a mobile phone-based money transfer, and micro-financing service recently announced a bitcoin device.
Now one in three Kenyans
Paxful has also just completed a project in Rwanda called #BuiltWithBitcoin (http://bit.ly/2zYKJJ5) charitable initiative: the project is a construction of a school in Rwanda for students aged 6-15.
It is Located in the Nyamata Sector of Rwanda’s Bugesera District, the school supplement’s Paxful’s first bitcoin-funded school, which launched in the same district earlier this year and serves children aged 3-6.
“The #BuiltWithBitcoin initiative is a testament to the power of Cryptocurrency,” said Ray Youssef, CEO of Paxful.
“We firmly believe that it can improve lives and make the world a better place.”
Paxful began the #BuiltwithBitcoin initiative in 2017 to promote philanthropy and charity within the Cryptocurrency industry.
Since Cryptocurrencies are so new, they are also very volatile. This is one of the main reasons mass adoption is taking longer than it should but the future appeal of Cryptocurrencies lies in allowing you ultimate control over your money, with fast secure global transactions, and lower transaction fees when compared to all existing currencies.
When used properly and fully understood it would be the initiator of many emerging systems that will fundamentally change the African economic system.
In just 3 years, Paxful has become one of the world’s leading peer-to-peer Cryptocurrency marketplaces built on open source bitcoin and blockchain technology. Boasting $15M in bitcoin global transactions per week, the rapidly expanding platform has solidified an enviable reputation for security and efficiency.