Paxful Promises to Boost Nigeria’s Crypto Market
One of the leading global peer-to-peer fintech Paxful has restated its commitment to boosting the Nigerian crypto market. Paxful said this will be achieved through constant engagement and enlightenment efforts that foster a clear market understanding while also driving increased adoption among Nigerians, particularly the youths.
Paxful, which uses its platform for people to make payments, transactions, and send money by buying and selling cryptocurrencies as a means of exchange was founded in 2015 by Ray Youssef and Artur Schaback. The company has the mission to help everyone have equal access to finance no matter who or where they are. Six million people use Paxful to buy and sell Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) with almost 400 different payment methods.
According to the fintech’s CEO and co-founder Ray Youssef , while Nigeria has become Paxful’s biggest market, there are still huge untapped potentials for the youth. “The adoption of cryptocurrency by Nigerian youth in recent times is quite impressive. What is most striking is the success they have made with cryptocurrency with only a basic knowledge of it. It goes to show their passion, drive, and tenacity in making the most of every opportunity.”
According to Ray Youssef “The future is even brighter ahead. But to effectively leverage and maximize the humongous potentials, we need to do more as industry players in deepening knowledge of the crypto market,” he remarked.
Consequently, he called for increased collaboration among players in the Nigeria crypto market to promote learning. “As the demand for a decentralized marketplace continues to increase, there is a need for us to work together if we plan to thrive and power global finance. We can do this by taking responsibility to constantly engage and enlighten the public about cryptocurrency and its potentials for driving sustainable growth and prosperity.”
Speaking on how he has been empowered through the Paxful platform, Sulaiman Muyideen, a Paxful VIP trader who started trading on the platform with $10 eleven months ago, stated that crypto is a game changer and an enabler of wealth creation. “I am financially liberated in just a short period of my joining the platform. I also like the fact that the Paxful Peer Program allows you to educate people on selling bitcoin as well as gives priority to individual users to safely trade on the platform.
Ray Youssef, co-founder and CEO of Paxful, set up the Built with Bitcoin Foundation to help people have access to education and water. To date, the foundation has built four schools (two in Rwanda, one in Kenya, and one in Nigeria). The Built with Bitcoin Foundation is funded by Paxful and the cryptocurrency community.