As part of efforts to revolutionize entrepreneurial activities of small and medium scale, transacting online without limitations, bringing financial inclusion to the underbanked, Paxful unveiled Blockchain and Crypto talk in Lagos.
Speaking at the event, Paxful CEO, Ray Youssef, said: “Paxful is a global marketplace for bitcoin. We solve a problem for the vast amount of people that cannot transact online due to restrictions in place by their local government on foreign currencies and lack of access to cryptocurrencies for over 300 methods. We aim to educate Nigerians on how to start their businesses and how bitcoin can help solve financial problems. Paxful bitcoin is a flexible tool to help you store money.”
He further said, “Bitcoin is a way of sending money like sending an email. To use bitcoin, you need a wallet. You can use your bitcoin to buy things online from many websites that accept bitcoin. The good thing is that you can sell your bitcoin to make a profit. Also, if you have bitcoin in your Paxful wallet, you can withdraw in naira.
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On Paxful, you buy bitcoin from other people to add money directly to your wallet. Sellers list their ads to sell you bitcoin. You have the opportunity to pay for bitcoin in diverse ways. Some take gift cards, others use debit cards and bank transfers. Your fee is taken to get you bitcoin fast and privately. Paxful doesn’t charge you any fee for buying bitcoin.”
“More so, we are completely reeling out our brand image and planning to open a Paxful office in Nigeria soon for easy interaction with our community. Our website is going through a complete redesign, and we have so far been focused on development with our users in the correct way. Paxful is not a lending platform. If you are a buyer, you are 100 per cent protected. We verify and check all our sellers for safety, you can pay with confidence with 2-factor authentication, escrow, highest level encryption and professionally audited security.” He added.
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“Our biggest markets are currently in the US and Nigeria. However, we are seeing the highest growth in Africa as we are bringing financial inclusions to many countries where people are largely unbanked or underbanked. The community of bitcoin users is fast-growing and Paxful is here to ensure support to existing users and educate new entrants on the opportunities for entrepreneurs and individuals,” he added.
During the panel discussion that consisted of speakers varying from Elliott Hoffman, COO Paxful, Chimezie Chuta Coordinator Blockchain Nigeria User Group, and Lucky Uwakwe Certified Cryptocurrency, it was mentioned that opening a Paxful account can tremendously change one’s life. Since it’s a platform where young people make thirty thousand dollar profit every month by selling bitcoin with just a paper account or a gift item or with anything else. This is an instrument to help people save more money. it shows people how they can start their own business or restore their business.
CHINYERE OKEKE
