October 8, 2018 IBOMLLC Team

Paxful looking at Crytocurrency’s Potential in East Africa

Paxful looking at Crytocurrency's Potential in East Africa

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

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.

The need for investing in Cryptocurrency is steadily rising in East Africa; specifically, Kenya as more and more people are gradually gaining trust/confidence in the use of Cryptocurrency. Though Cryptocurrency is relatively new and comes with a learning curve, the benefits are a plethora; thus it is good for both sellers and buyers.

Cryptocurrency offers a massive wealth distribution globally as well and presents financial freedom to individuals. In 2016, Citibank analysts estimated that Kenya’s bitcoin holdings were about 2.3 percent of the gross domestic product (GDP), making it among countries with the largest bitcoin holdings. This has created demand of peer-to-peer Cryptocurrency marketplaces in the East African market because more people are primed for the Cryptocurrency market.

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.

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