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Paxful, is making inroads into Africa with its trusted platform for bitcoin trading which has achieved widespread acceptance in other parts of the world.
The globally respected leading peer-to-peer bitcoin marketplace, which has over 2 million users and facilitated the trading of almost 500,000 bitcoins in their platform since its inception, believes that the success of its business model and impressive track record provide a strong platform for achieving greater financial inclusion in Nigeria and other parts of Africa.
Paxful was launched in 2015 with the goal of bringing more financial inclusion to the unbanked and underbanked populations through decentralized, peer-to-peer access of bitcoin. Since then, the platform has gained popularity, particularly in African countries. Paxful connects bitcoin buyers and sellers on its platform, and users are able to buy and sell bitcoin using over 300 different payment methods ranging from bank transfers, debit and credit cards, and cash payments.


According to the World Bank, nearly two billion people in the world have little or no access to traditional financial services. In Africa, the statistics are ever grimmer: an overwhelming percentage of adults on the continent are underbanked. Nigeria, Africa’s most populous country and largest economy, reflects this trend. The World Bank has estimated the number of unbanked Nigerian adults at about 100 million. According to The Global Findex Database 2017, only 40% of Nigerian adults have an account with a financial institution or a mobile money provider.
Paxful sees this as an opportunity to grow its business and reduce this huge gap which has very negative implications for the development of African nations. The marketplace has seen significant growth in digital currency transactions on the African continent in recent years, with the surge largely spearheaded by students and graduates under 25.
“Africa leap-frogged to the forefront of peer-to-peer finance adaptation. In 2018, our user base in Africa doubled, with most customers being between 18 and 24,” said Artur Schaback, COO and co-founder of Paxful. To increase access to the bitcoin economy for many more youths on the African continent, Paxful is launching a series of educational workshops across
Africa in 2019. This education the initiative kicked off in South Africa and Kenya in May, with Nigeria and Ghana in the cards for later in the year. The workshops will cover the very basics about bitcoin for novices and also further expand on innovative use cases and business applications observed around the world for more experienced attendees.
“As a values-driven company, we want to make the bitcoin economy accessible for everyone, especially the underbanked. To this end, we would like to reach as many young people as possible to help them understand the digital currency market and transact safely and with confidence. Our aim is to continue to partner with customers and other key stakeholders to ensure they are well informed about the opportunities presented by peer-to-peer finance,” stated Ray Youssef, CEO, and co-founder of Paxful.
This latest initiative forms part of Paxful’s proven commitment to education, which includes building two schools in East Africa under their #BuiltWithBitcoin charitable initiative, as well as providing scholarships to young women in the Middle East and gave donations to the GROW with Educare Centres project in South Africa. The company aims to build 100 schools across developing countries and expand its scholarship programs.

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SIFAX Boss, Taiwo Afolabi’s Twin Brother Dies  

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Sifax and Marriot Hotel boss , Dr. Taiwo Afolabi is not a happy man at the moment. He has just lost his twin brother Kenny Afolabi to the cold hands of death.

 

Kenny, who was popularly known as Watari when he was alive we learnt died in his sleep. Though, many people around him beleive he was nursing an ailment that made him stop drinking some years back, but none could say what killed him eventually.

 

Taiwo Olayinka Afolabi is a Nigerian business magnate and lawyer. He is the founder and current C.E.O of SIFAX Group, a conglomerate that deals in Maritime, Aviation, Haulage, Hospitality, Financial Services and Oil and Gas, while Kenny Afolabi was known with his Hotel known as Ken Dallas that has its location somewhere in Ikotun, Lagos.The late Kenny pictured left above with his brother,Taiwo, was 60yrs old.

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Charles Is Now King After Queen Elizabeth’s Death— Here’s Who’s Next In Line Of British Succession

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When Queen Elizabeth II died Thursday afternoon, the crown was immediately passed on to her eldest son and heir, Charles, as part of the United Kingdom’s constitutional monarchy system.

 

Charles is now king, Buckingham Palace said in a statement announcing Elizabeth’s death, though a coronation—traditionally held at Westminster Abbey—will be planned later to officially crown the new king (Charles’ wife, Camilla, is now the queen consort, according to the palace).

 

First in line to the throne is now Charles’ eldest son Prince William, who regularly makes public appearances on behalf of the crown along with his wife Kate.

 

Second in line is William’s 9-year-old son Prince George, who is an elementary school student beginning to take part in more engagements with his parents, having made his debut at the Wimbledon finals this year, a royal tradition (after George, next in the line of succession are his two young siblings, Princess Charlotte, age 7, and Prince Louis, age 4.)

 

Prince William’s 37-year-old younger brother Prince Harry—Charles and Princess Diana’s second son—is now fifth in line after William’s children

 

NEWS PEG

Elizabeth died Thursday at Balmoral Castle, her privately-owned residence in Scotland, after Buckingham Palace announced earlier in the day that she had been placed under medical supervision by her doctors out of concern for her health. Senior members of the royal family, including William, Andrew and Elizabeth’s third son Edward and his wife Sophie were photographed arriving in Scotland to be with the queen. The news comes after 96-year-old Elizabeth suffered from health issues over the past year.

 

KEY BACKGROUND

While the sovereign of the United Kingdom is the official head of state, they no longer play a political or executive role in the British government. Instead, kings and queens undertake constitutional and representational duties year-round with support from their immediate family, according to Buckingham Palace. Charles has stepped up to take over some of his mother’s royal duties over the past few years. Earlier this year, Elizabeth indicated she would like Charles’ second wife, Camilla, to become queen consort rather than princess consort—a move widely seen as Elizabeth’s

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