Welcome to Africanews

Please select your experience

Watch Live


In response to the COVID-19 Economic Crisis: Paxful accelerates Bitcoin Entrepreneur Development Education in Southern Africa

In response to the COVID-19 Economic Crisis: Paxful accelerates Bitcoin Entrepreneur Development Education in Southern Africa

To help aid entrepreneurship and job-creation opportunities in one of their leading markets, peer-to-peer (P2P) bitcoin marketplace, Paxful (Paxful.com) will be offering more free virtual entrepreneur education workshops and courses to the public, in Southern Africa, during July and August 2020.

Upcoming workshops include the following:

Bitcoin and blockchain enthusiasts can also join the DeFi Conference 2020 (https://bit.ly/3faHobl) taking place on 5 August 2020 where Artur Schaback, Chief Operating Officer and Co-founder of Paxful will share insights on the application of decentralised finance (DeFi) for financial inclusion and the relevant opportunities and challenges within this space.

In celebration of their fifth birthday this year and to support the entrepreneurship drive amongst participants, Paxful is giving away R100 000. The first 1000 participants who join any of the above workshops or courses, register an account on the Paxful platform and make their first trade in the month of August, will qualify for R100 in prize money to get their bitcoin journey underway.

Responding to public demand

“In addition to noticing an increase in the number of new users globally on our platform since the COVID-19 pandemic, our users have expressed specific interest in learning more about bitcoin and crypto during this time,” says Ray Youssef, co-founder and Chief Executive Officer of Paxful.

He adds that education is critical to promoting enterprise development in the bitcoin economy, especially in emerging markets as the world continues to face harsh economic conditions and uncertainty. “It’s also important for us as a business to help steer consumers away from get-rich-quick schemes, which tend to grow everywhere at this time in certain corners of the bitcoin economy.”

Passionate about education and entrepreneurship

Paxful’s partnership with these regional educational platforms is testament to the company’s long held commitment to provide first-time and existing users with the right information and guidance on the opportunities that bitcoin and blockchain presents.

“We are extremely excited to be able to help people utilise their entrepreneurial skills to identify new opportunities and job possibilities within the blockchain and crypto space during these difficult times. The bitcoin economy is worth billions of dollars and represents a significant opportunity for African youth in particular,” concludes Youssef.

In the midst of the unprecedented COVID-19 pandemic, Paxful’s philanthropic arm #BuiltWithBitcoin (BuiltWithBitcoin.org) has also been playing its part to support vulnerable communities. A #BuiltWithBitcoin (BuiltWithBitcoin.org) Fund was launched in June, which supports charities who are tackling the impact of the pandemic on underserved communities.

Distributed by APO Group on behalf of Paxful.

About Paxful:
Paxful (Paxful.com) is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 4.5 million users globally who you can instantly buy and sell bitcoin with—using over 300 different payment methods.

As part of their mission Paxful also launched #BuiltWithBitcoin, a social good initiative with the goal of building 100 schools funded entirely by bitcoin all across emerging markets. Paxful was co-founded in 2015 by Ray Youssef, Chief Executive Officer, and Artur Schaback, Chief Operating Officer.

Media files
Download logo

Ray Youssef, Co-founder and Chief Executive Officer of Paxful
Africanews provides content from APO Group as a service to its readers, but does not edit the articles it publishes.