Paxful planning to expand presence in South Africa. Plans Africa-wide recruitment drive with a focus on women. The global bitcoin marketplace also becomes the first bitcoin peer-to-peer marketplace to launch an app.
Through its operations in Kenya, Paxful aims to partner with innovation centers, learning institutions and other stakeholders in Kenya and across the region to educate the public on bitcoin and peer-to-peer finance. At present, 45 percent of the active users of Paxful are from Africa. Paxful trade volumes in Kenya shillings (KES) are significantly higher than usual reaching 14 million KES traded in July 2019.
In honor of Nelson Mandela International Day, Paxful has decided this year to donate over 13,000 rands worth of bitcoin to GROW with Educare Centres. The donation forms part of Paxful’s #BuiltWithBitcoin initiative and is its first South African charitable contribution.