August 6, 2019 IBOMLLC Team

Africa’s youth see a future for Bitcoin beyond speculation

Africa's youth see a future for Bitcoin beyond speculation

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

Paxful is on a mission to increase access to the Bitcoin economy for the people of Africa through education

Seeing a significant growth in digital currency transactions on the African continent in recent years, driven largely by users under the age of 35, leading global peer-to-peer Bitcoin marketplace, Paxful, is on a mission to increase access to the Bitcoin economy for the people of Africa through education.

An African View On Peer-To-Peer Finance

Benjamin Onuoha, Africa’s Regional Consultant for Paxful (Paxful.com), addressed delegates at a Johannesburg event recently to share insights on the Bitcoin and cryptocurrency economy as well as present use cases observed from Africa’s consumers.

He commented: “The people of Africa have been the most ingenious and resourceful of our users – they are redefining our understanding of the uses of Bitcoin. The world has much to learn from Africa about the future of the crypto-economy.

Bitcoin Use Cases On The Continent

Reflecting on Paxful’s experience in Africa and further afield, Onuoha added: “Three developments made the crypto-economy possible. First, the emergence of peer-to-peer electronic currency, Bitcoin that is powered by the blockchain technology. The second and arguably the …read more

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