Kenya: Paxful's Mobile Wallet App Eases Access to Bitcoin in Kenya

Bitcoin mock-up (file photo).
26 September 2019

As a global peer-to-peer bitcoin marketplace that has scaled its operations to include Kenya and the broader East African region, Paxful has recently launched a mobile wallet app to enhance ease of bitcoin transactions in Kenya.

The mobile app, which is the first of its kind in the peer-to-peer bitcoin trading space, will allow users to conveniently send and receive bitcoin via their own private Paxful wallets. This effectively brings global commerce closer to users by empowering them to make and receive local and global payments from the comfort of the app.

Through the app, users get updated bitcoin conversion rates, track their trading history, know the current status of their transactions in real-time, among other features. The app also enables users to purchase bitcoins using over300 payment methods available in the Paxful platform.

Ray Youssef, CEO, and Co-founder of Paxful said: "We are thrilled to provide a mobile platform that will give more people access to bitcoin and allow users to conveniently access their wallets on the move. This is in line with our commitment to helping the unbanked and underbanked gain financial freedom."

Interest in bitcoin has steadily risen across the African continent and especially in Kenya which is ranked among the top 5 countries with the highest number of Paxful users. In September 2019, Paxful trade volumes in Kenya shillings (KES) topped out at 28 million KES in one week as seen on the Coin Dance chart.

Many bitcoin users live in countries with limited financial solutions. The Paxful Mobile Wallet App has been designed with lower-end devices in mind that do not compromise on security or features.

le Wallet is available on both iOS and Android devices.

More From: CIO

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.