Paxful Campus Tour 2019
Press Release

Paxful Launched Bitcoin Education Drive At African Universities

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May 13, 2019 — After a bumper trading year in 2018, leading global peer-to-peer Bitcoin marketplace, Paxful, is continuing their mission of facilitating financial inclusion to the underbanked across the globe. Through interactions with customers, the company has gained valuable insights on how consumers are evolving their use of digital currencies, with bitcoin becoming more mainstream in everyday lifestyle and business transactions, rather than investment or speculative trading.

The marketplace has seen significant growth in digital currency transactions on the African continent in recent years, with the surge largely spearheaded by students and graduates under 25. “Africa leap-frogged to the forefront of peer-to-peer finance adaptation. In 2018, our user base in Africa doubled, with most customers being between 18 and 24,” said Artur Schaback, COO and co-founder of Paxful.

To increase access to the bitcoin economy for many more youths on the African continent, Paxful is launching a series of educational workshops across Africa in 2019. This education initiative will kick off in South Africa and Kenya in May, with Nigeria and Ghana on the cards for later on in the year. The workshops will cover the very basics about bitcoin for novices and also further expand on innovative use cases and business applications observed around the world for more experienced attendees.

“As a values-driven company, we want to make the bitcoin economy accessible for everyone, especially the underbanked. To this end, we would like to reach as many young people as possible to help them understand the digital currency market and transact safely and with confidence. Our aim is to continue to partner with customers and other key stakeholders to ensure they are well informed about the opportunities presented by peer-to-peer finance,” stated Ray Youssef, CEO and co-founder of Paxful.

This latest initiative forms part of Paxful’s proven commitment to education, which includes building two schools in East Africa under their #BuiltWithBitcoin charitable initiative, as well as providing scholarships to young women in the Middle East. The company aims to build 100 schools across Africa and expand their scholarship programs.

The first leg of the tour kicks off on 13 May 2019. The Bitcoin-curious and experts alike can catch the team on the following dates:

MAY 2019 CAMPUS TOUR DATES

South Africa (RSVP here: http://tiny.cc/t1xf6y)

– 13 May 2019, 6pm to 9pm, Wits University, Wits Club and Conference Center

– 15 May 2019, 6pm to 9pm, University of Cape Town, The New Lecture Theatre, Upper Campus

– 17 May 2019, 4pm to 7pm, Stellenbosch University, VV Hall, Neelsie Student Centre

Kenya (RSVP here: http://tiny.cc/krxf6y)

– 23 May, 2019, 10:00am to 12:00nn (Kenya Time), Nairobi Cinema

For students from Nairobi University, Kenyatta University, Jomo Kenyatta University of Agriculture and Technology, Catholic University of East Africa, Strathmore University, Multimedia University, Zetech University, Technical University of Kenya, and Kenya Methodist University.

Paxful Press

For media inquiries, send a message to [email protected]

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