In 2016, Citibank analysts estimate that the share of bitcoins in Kenya is about 2.3 per cent of the gross domestic product (GDP).
This indicates a demand for peer-to-peer Cryptocurrency markets in East Africa. For 3 years, Paxful (Paxful.com) has become one of the world’s leading peer-to-peer cryptocurrency markets based on open-source bitcoin and blockchain technology. Global transactions in bitcoins on the market amount to $ 15 million dollars a week.
Paxful enters the East African market. Kenya’s M-PESA system, mobile phone-based mobile translation and microfinance services, offered a bitcoin device. Every third Kenyans now own a bitcoin wallet. It is very convenient for Kenyans to buy and sell bitcoins on Cryptocurrency peer-to-peer trading platforms.
On the Paxful platform, buyers and sellers can easily exchange Bitcoin, as more than 300 different payment methods are accepted (for example, bank transfers, cash deposit, debit or credit cards, and others).
Paxful provides a quick and easy way for online shoppers to pay for using Bitcoin without a buyer’s fee and a commission of 1%, no commission for a deposit, no fee for withdrawing funds, ease of use and high-speed transfer supplies.
Source/More: Investing in Cryptocurrency in East Africa – AfricaBusiness.com