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Paxful Looking at Cryptocurrency’s Potential in East Africa

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Cryptocurrency's potential in East Africa

NAIROBI, Kenya, October 8, 2018/ — 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.

PaxfulIn 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. Their entrance into the East African market comes at a time where Kenya’s M-PESA system, a mobile phone-based money transfer, and micro-financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet  thus making it more convenient for Kenyans looking into buying and selling bitcoin on peer to peer cryptocurrency marketplaces.

Paxful has helped to connect buyers and sellers to easily exchange bitcoin, accepting more than 300 different payment methods (for example, bank transfers, cash deposit, debit or credit cards, etc). As for businesses, Paxful provides a quick and easy way for online shoppers to pay using bitcoin with no buyer fee and 1 percent seller fee, no deposit fee, no withdrawal fee, ease of use & speedy transfer deliveries.

Paxful has also just completed a project in Rwanda called #BuiltWithBitcoin charitable initiative: the project is a construction of a school in Rwanda for students aged 6-15. It is Located in the Nyamata Sector of Rwanda’s Bugesera District, the school supplement’s Paxful’s first bitcoin-funded school, which launched in the same district earlier this year and serves children aged 3-6. “The #BuiltWithBitcoin initiative is a testament to the power of cryptocurrency,” said Ray Youssef, CEO of Paxful.

“We firmly believe that it can improve lives and make the world a better place.” Paxful began the #BuiltwithBitcoin initiative in 2017 to promote philanthropy and charity within the cryptocurrency industry.

Since cryptocurrencies are so new, they are also very volatile. This is one of the main reasons mass adoption is taking longer than it should but the future appeal of cryptocurrencies lies in allowing you ultimate control over your money, with fast secure global transactions, and lower transaction fees when compared to all existing currencies. When used properly and fully understood it would be the initiator of many emerging systems that will fundamentally change the African economic system.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Blockchain Africa Conference 2020 Announces Binance as a Premier Sponsor

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Binance Sponsor

Bitcoin Events is pleased to announce Binance as Premier Sponsor of the Blockchain Africa Conference 2020

Binance, the world’s largest crypto exchange by daily trading volume, is expanding its operations in Africa and is a proud sponsor of the Blockchain Africa Conference 2020. Binance was founded by CEO Changpeng Zhao (CZ) in 2017 and is now the top global trading platform for over 100 cryptocurrencies.

At the Blockchain Africa Conference 2020, Binance will detail its expansion efforts into South Africa as well as its projects and initiatives with the Binance Charity Foundation.

“Binance is proud to be open for business in South Africa, which is one of the most exciting markets for crypto,” CZ said.

BinanceThe company’s first expansion on the African continent was in Uganda in 2018 when it opened the first fiat-crypto exchange with trading pairs with the Ugandan Shilling. Binance also partnered with a global payment technology company allowing Nigerians to purchase BTC, BUSD, BNB with Naira (NGN) with debit and credit cards.

“Binance is dedicated to increasing the freedom of money and the advancement of blockchain technology. The African continent is a major part of this mission – where millions are unbanked but remain innovative in their use of technology. The Blockchain Africa conference is leading conversations around cryptocurrency and blockchain technology in Africa and Binance is keen to communicate with key industry stakeholders and thought leaders in Africa to jointly promote technology evolution in this new era across the continent,” he added.

See You at the Blockchain Africa Conference 2020 in Johannesburg!

<< REGISTER NOW for the Blockchain Africa Conference 2020 >>

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Terrabit Enables Web Staking for CREDIT Token Holders

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TerraBit

JOHANNESBURG, South Africa, Feb. 15, 2020 — Leading South African blockchain company Terrabit has announced the launch of web staking for its digital currency credit (CREDIT) to enable anyone with an internet connection to earn staking rewards.

TerraBit

Terrabit is a South African cryptocurrency exchange that offers fiat-to-crypto services in five African countries. The trading platform features all major coins and pays 100% of fees to users through referral. At Terrabit’s core, it offers users a decentralised digital payment solution and a hybrid PoW/PoS blockchain, CREDIT.

Terrabit provides CREDIT holders with a range of exchange options, zero transaction fees, and fast payments. Additionally, the company provides a staking platform and wallet, MiniPOS, which offers the most straightforward and rewarding CREDIT “mining” solution available on any digital device.

Now, CREDIT holders can also stake their tokens online to earn up to 100% staking reward per annum via Terrabit simple-and-easy-to-use web staking platform. This enables anyone with an internet connection to earn staking rewards when holding CREDIT.

CREDIT web staking features include:

  • Web-based CREDIT staking up to 100% per year
  • Profit is paid hourly
  • No lock-in period
  • 5 level referral
  • Easy-to-use

Daniele Marco Ronchese, founder of TerraBit and creator of CREDIT, said: “We are delighted to introduce web staking as a service to CREDIT holders as a new and convenient way to earn staking rewards.”

“Cryptocurrency staking has traditionally involved a complicated technical setup that has acted as a barrier to entry for the average investor. With our new web staking offering, we can empower all digital currency investors – big and small – to start earning staking rewards simply by holding their tokens on our secure online platform.”

To learn more about Terrabit, CREDIT and web staking, visit www.terra-bit.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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30% Club – A Trading Club for Nigerian Millennials

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30% Club

30% Club – a crypto trading club created for millennials – has launched its platform after six months in stealth mode. The investment club aims to be the go-to for educational and advisory resources for digital assets. By breaking the barrier to crypto investing we serve as a bridge for Nigerians looking to profit from crypto. 

The club is non-custodial which means members handle & manage their capital personally. 30%Club does not invest nor trade on behalf of the public. We simply provide educational and advisory services to our members. Users who sign-up have access to a dashboard with educational resources, market insights, instructional videos & trade signals. 

30% ClubCrypto is a next-generation asset class, the club helps you navigate profitably in this wild, volatile but lucrative market. We simplify crypto trading, breaking down the skill barriers while bridging the knowledge gap. The club provides a seamless educational experience & on-boarding into crypto trading. Our trade signals target 30% accumulated returns within 6-12 months.

Davidson Atere-Roberts, founder of the club, adds we are extremely bullish about the long term prospects of Bitcoin as an asset class. As the digital asset industry matures there are still regulatory & adoption challenges also quite a lot of scams tbh. The problem the club is trying to solve is clear, Crypto is complex so most folks who want to dabble are confused and scared not forgetting the trauma from the last crypto bubble burst. Our value proposition is precise: simplifying crypto investing while employing disciplined trading strategies.

Join us at the trading club that helps African millennials profit from crypto! 

You can access the 30%Club on www.30percent.club and interact on Twitter @30clubng.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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