Africa has seen massive growth since June last year, with the need for cheap remittances, rise of P2P platforms, and savings needs leading the adoption, according to Chainalysis.
Paxful founder and CEO Ray Youssef believes the new law will go a long way in boosting the growth of Russia’s digital currency market.
Sub-Saharan Africa has taken to digital currencies, with P2P platforms in Kenya, Nigeria, South Africa and Ghana posting triple-digit growth in 3 months.
OKEx will integrate the Paxful Virtual Bitcoin Kiosk into its platform, allowing users to fund their accounts in more than 160 fiat currencies.
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.