A new report by Luno and Arcane Research has delved into the African digital currency market, acknowledging the opportunities and analyzing the challenges.
Africa’s digital currency exchanges have continued to register constantly high trading volume despite the COVID-19 pandemic, with some even increasing users
India has been supporting digital currencies despite the banking ban that stifled the industry, with a Paxful report revealing 94% invested before it was lifted.
Africa’s blockchain jobs market has been under the radar, mostly because the number of firms pursuing blockchain projects isn’t all that high.
Paxful has entered into a partnership with CoinLogiq, a blockchain company out of Colombia, to begin to install crypto ATMs in the country, as well as Peru.
New opportunities are arising in the developing world as peer to peer transactions are opening up economic freedoms.
Paxful is expanding their services all over the world in a mission to provide financial freedom to the unbanked.
Paxful announced a partnership with The White Company that will allow consumers to purchase prepaid debit cards using their crypto holdings in a variety of currencies.
Paxful and AirTM both hope to expand their services with the new partnership, increasing access to cryptocurrency in new regions.
Paxful isn’t content to just be a successful crypto business in Africa, they want to help educate the people and grow the industry through increased adoption.
Cryptocurrency exchange Paxful is in hot water in Nigeria after crypto traders in the country claimed the firm has been closing down their accounts illegally.