The top news headlines for 31 January - 5 February 2022
A summary of the top business technology stories shared by ITWeb between 31 January - 5 February 2022. Visit www.itweb.co.za for more news. #Zondocommission #Corruption #T-SystemsandNeotel
Africans aren’t being left behind in the global crypto trend, with traders finding unique use cases for digital currencies.
As part of the agreement, Paxful’s customers will be able to utilise Ovex’s ‘Direct Transfer to Bank’ tool, which allows them to instantly convert their Bitcoin into fiat.
The global crypto-currency platform garners over six million users and has traded over $5 billion since inception.
The democratisation of payments through the tech innovation of buy now, pay later enables more consumers to choose interest-free financing for their shopping.
The future of the Bitcoin economy depends on moving away from toxic speculative activity and building trust, say Paxful’s co-founders.
The Series A equity round of funding was led by 100x Ventures, with participation from 4Di Capital and continued support from Michael Jordaan and Bittrex.
Artur Schaback, COO and co-founder of Paxful, says the global peer-to-peer Bitcoin marketplace is embracing this period to learn, adapt and improve.
Africa has tremendous potential, and partnerships are essential at this pivotal time within the crypto-currency industry, says the Bitcoin marketplace.
The global crypto-currency marketplace holds a series of educational workshops across Africa and gives away free Bitcoin to local university students.
Discussing the use cases for Bitcoin in Africa, Paxful CEO and co-founder Ray Youssef believes the possibilities are endless.
For Africa as a whole, the US-based crypto-currency marketplace has seen a 225% increase in users in the last 12 months.
Paxful, a peer-to-peer marketplace for crypto-currencies, is looking to expand its business on the African continent.