Wednesday, October 8, 2025
23.3 C
Lagos

Unbanked Africans to Reap from Paxful, Bitmart Partnership

Paxful, a peer-to-peer Bitcoin marketplace has announced integration onto BitMart, a premier global digital asset trading platform in the crypto-currency market with over 600,000 users worldwide.

This partnership comes at a pivotal time for the crypto community and serves as a step the two entities have taken together in the hopes of increasing liquidity and scalability.

The integration will allow users to make payments via Paxful on the BitMart platform, marking the first efforts of the latter in joining the fast-growing peer-to-peer financial revolution.
Paxful promotes a global peer-to-peer payment logistics platform for the future, allowing direct bitcoin transactions to be made from user to user, which eliminates the need for third-party interactions. With a focus on emerging markets and the unbanked, they provide a space for users to send, receive and store bitcoin.

With this partnership, users will now have direct access to one of the world’s largest digital asset trading platforms, providing increased visibility and over 180 additional trading pairs. Furthermore, integrating Paxful positions BitMart as one of the only exchanges in the world entering the peer-to-peer financial ecosystem, providing people with easier access to the entire financial world.
Features such as zero-cost listing fees and monetarily-backed ratings give room for Paxful technology to serve a vital role in facilitating seamless and rapid transactions throughout the entire platform. This means traders can make globally scaled transactions to obtain bitcoin on Paxful, which can then be exchanged for different types of currency or even reinvested into other assets on the exchange.
“We’re excited to integrate with BitMart in efforts to bring more trading options to emerging markets,” said Ray Youssef, CEO and co-founder of Paxful. “It has always been our mission to provide financial freedom worldwide and we see this as the next big step in the financial revolution.”
According to the World Bank’s Global Financial Inclusion database based on information from more than 140 countries:

  • Two billion people worldwide are completely unbanked.
  • 20% of unbanked adults receive wages or government transfers in cash.
  • Women make up just over half (55%) of unbanked people worldwide.
  • The proportion of people with bank accounts worldwide grew from 51% to 62% between 2011 and 2014.

The goal of this integration is to provide education, opportunities, and allow the unbanked, under-banked, and overbanked to participate in a growing peer-to-peer financial ecosystem.
“BitMart has always been a mission to offer convenient and secure financial services in the crypto market,” said said Sheldon Xia, Founder & CEO of BitMart.

“An integration with a revolutionary company such as Paxful allows us to bring digital asset trading to those who would otherwise not have had the access. With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits, lowering the barriers to entry for new adopters of digital currency investment.

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Fidelity Bank Honours Afreximbank President, Benedict Oramah, in Lagos

L -R: Minister of Industry, Trade and Investment, Dr....

Union Bank Champions Employee Wellness with Stay Recharged Health Walk

Union Bank of Nigeria held its first-ever Stay Recharged...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Stanbic IBTC Holdings Reports Remarkable Financial Growth for H1 2025    

Overview of Financial Performance  As of June 30, 2025, Stanbic...

Topics

Signal Alliance, Microsoft, Cisco Partner to Deliver Azure Stack

L-R: Uche Nwaukwa, Signal Alliance Azure Practice Lead; Sophia...

Global Passenger Traffic Rose 5.3% in March

The International Air Transport Association (IATA) announced global passenger...

NDIC CEO’s Courtesy Visit to Gombe State Governor

MD/CE of NDIC, Bello Hassan (2nd left) presenting NDIC...

The Case for Re-authorisation of US Ex-Im Bank

The charter which authorised the existence of Export –...

NCDMB to Sponsor New R&D Projects, as Triple Helix Nigeria Unveils Vision

L-R: Prof Eucharia Nwaichi, Chairman Centra Planning Committee, Triple...

Allianz Report: Nigeria to Register 2.3% Economic Growth in 2022

After being the slowest growing region in 2021, Africa...

RE: Online Publication on Purported Sale of Polaris Bank  

Our attention has been drawn to an online report...

AfDB Commits $9m for Agricultural Finance in Nigeria

The African Development Bank has approved a $9 million...
spot_img

Related Articles

Popular Categories

spot_imgspot_img