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Paxful expands into Nigeria

As stated a few days ago on its official blog, the Paxful exchange has decided to expand and has entered into a partnership with DingConnect.

Since its launch, the peer-to-peer trading platform has traded a whopping $5 billion and now, in order to continue its climb to success, it has announced that it has begun to collaborate with the phone top-up company. 

Paxful’s blog reads:

“With DingConnect operating in over 150 countries and having more than 550 operators, they’re one of the best in the biz and we aim to expand that strength even further by giving its users access to our roster of over 350 payment methods. Now, users can take advantage of the ultimate payment flexibility to become their own boss, run their global business, and earn crypto”. 

Essentially, with this new partnership, it will be possible to buy Bitcoin (BTC), Tether (USDT), or Ethereum (ETH) using phone top-ups.

Paxful in Nigeria and in countries with a crypto ban

Meanwhile, in particular in Nigeria, the platform is achieving resounding success, especially taking into account that cryptocurrencies are theoretically banned in the country.

In Nigeria, Paxful claimed to have 1.5 million users and around $1 billion exchanged. The other countries where the platform made more trades during April 2021 would be China and India, so all areas where governments are trying to ban cryptocurrencies but evidently with little success.

The CEO of Paxful, Ray Youssef, explained: 

“With crypto-currencies, we see an alternative, a way to rest the financial system based on equality. Our mission at Paxful is to give everyone equal access to finance no matter who they are or where they are so they can control their own money and build the future they want with financial freedom”. 

   

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