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Paxful convenes weeklong global virtual conference to mark 6th anniversary

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Co-founder and Chief Executive Officer of Paxful, Ray Youssef. Photo: YOUTUBE

.Celebration targets over 2.5m African users

Paxful, the leading global peer-to-peer fintech in celebration of sixth-year anniversary hosted a weeklong virtual event around the globe.

The conference began from 12 to 16 July, 2021.

The event featured reputable speakers across Africa, like Farzam Ehsani, Founder and Chief Executive Officer (CEO), VALR (South Africa); Philip Asare, Founder, Blockchain Foundation Africa, and CEO at BTCGhana (Ghana); Ugochukwu Aronu, Founder and CEO, Xend Finance (Nigeria); David Gitonga, Founder, BitcoinKE (Kenya); Artur Schaback, Co-Founder and Chief Operating Officer, Paxful and Abikure Tega, CEO, KurePay.

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Topics of discussion involved, ” Financial Inclusion and How Africa is Taking the Lead”.

Fintech Association of Nigeria also led the discussion on “Crypto Disruptiveness”.

Paxful’s Built with Bitcoin Foundation Director, Yusuf Nessary gave a presentation on “Bitcoin for Social Good”.

A panelist discussion on “How Crypto Empowers the Unbanked was led by Ray Youssef, Co-Founder and CEO, Paxful and Victor Asemota, Growth Partner, AnD Ventures.

The virtual event featured music from Nigerian identical twin singers, song writers and influencers; Oiza and Meyi likewise Nigerian hip hop recording artist; King Bawa.

Audience were advised to tune into Paxful’s YouTube channel on Thursday, 15th July (5pm – 7pm GMT+1) for an Africa-focused event where Paxful will celebrate its over 2.5M African users.

Speaking on the anniversary; Ray Youssef; Founder and CEO, Paxful said “We are elated to be celebrating six years of continuous growth as a business. Just recently, Nigeria emerged our biggest market, we hit $1.5 billion in volume with over 1.5 million users. Despite the ban of cryptocurrency in the country, we have seen tremendous adoption of our peer-to-peer platform. From March to June 2021, Nigerians traded N92.25bn ($225m) on Paxful and we are on track for a 20%+ increase in volume this year.

“We are also excited that our mission to give everyone equal access to finance no matter who they are or where they are so they can control, own money and build the future they want with financial freedom is being materialised. The weeklong conference is another opportunity for us to educate our 2.5m users across Africa to learn and make great decisions that will impact their lives positively.”

Additional achievements and milestones reached by Paxful include the Built with Bitcoin Foundation, which has resulted in the building of four schools in Africa: two in Rwanda, one in Kenya and the fourth in Nigeria.

Ray Youssef, co-founder, and CEO of Paxful, set up the Built with Bitcoin Foundation to help people have access to education and water.

The Built with Bitcoin Foundation is funded by Paxful and in part by donations from Paxful users.

From two formerly homeless founders, Paxful has grown to over 200 employees spread out across four offices.

Paxful is a peer-to-peer finance platform for people to make payments, transactions, and send money by buying and selling cryptocurrencies as a means of exchange.

Founded in 2015 by Ray Youssef and Artur Schaback, Paxful’s mission is to help everyone have equal access to finance no matter who or where they are.

Over five million people use Paxful to buy and sell Bitcoin (BTC) and Tether (USDT) with almost 400 different payment methods.

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