The Coronavirus pandemic was very devastating for cryptocurrencies and events worldwide, but one company is determined to continue to inform businesses and consumers that Bitcoin can work.
Paxful, a peer-to-peer Bitcoin market, holds a series of online sessions targeting the African market. These one-hour events are designed to provide a compelling picture of cryptocurrencies to those who know little of what they are and their potential impact. Some of the most famous companies and individuals in the continent also participate in some seminars.
The first session was “Ask Me Something” with the founders of Backfull, Ray Youssef and Arthur Shabak. This gave members of the Paxful community in Africa an opportunity to ask sharp questions about the platform's future growth and development plans.
Meanwhile, the second session broadened the view on the crypto industry and how it could have a positive impact on the African economy. Since COVID-19 makes job opportunities impossible, another seminar focused on how Bitcoin provided an alternative source of income for young adults.
In an environment where companies must survive, and it becomes increasingly difficult for charities to raise funds during a pandemic, the era of the coronavirus means that charity has never been more important. The third Paxful session highlights how to use Bitcoin and other cryptocurrencies to get back into communities.
Other workshops will be held later this month. On June 11th, Paxful discussed the challenges of running audits of your customer’s knowledge in Africa and what well-known codecs are doing to overcome them.
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The June 16 Paxful session will be especially useful for those who have little or no knowledge of digital origins. Called Back to Basics, this event will simply explain what Bitcoin is, how it works and how cryptocurrency can be used daily.
Finally, on June 18, the crypto effect scientist will be considered – people whose ideas and prospects have won thousands or even millions of followers. Here, a group of experts will share their best tips for building trust, building an audience, and earning a livelihood.
All of these six events are free, and the diverse thematic area means there's something for everyone to enjoy. Paxful hopes to gain consumer confidence in South Africa, Kenya and Ghana through these sessions and wants to encourage them to register and find out what the platform offers.
According to Cointelegraph, Africa is a good place to enter cryptocurrency and innovation. In some countries of the continent, high inflation and volatile currencies mean that consumers are looking for alternatives. Digital assets can also transform the transportation industry. In 2019 alone, African migrants sent nearly $ 48 billion to families in sub-Saharan Africa, but existing payment service providers often ask for penalties for these transactions.
When Luno digital currency exchange wrote a report of a potential violation in Africa, he identified Paxful as the main player in the region's environmental coding system.
Paxful allows you to buy and sell bitcoin instantly using over 300 payment methods, including cash, online wallets, bank transfers and gift cards. The latest data indicates that it has more than 3 million customers worldwide.
The company is also ready to return the company. The goal is to build 100 schools in Africa.