Estonia’s Paxful Bitcoin Marketplace Releases New Wallet App to Reach Unbanked Userbases


The peer-to-peer Estonian Bitcoin marketplace referred to as Paxful, has just gone ahead to launch their new wallet app today, 22nd May.

They have made the app available for use on iOS and Android, which has been designed to work in conjunction with the official website of Paxful. With this launch, they will be able to provide adequate storage spaces for the customers on the platform.

“Our hope is that this app will make our platform more accessible to communities around the world,” explained Ray Youssef, Paxful’s CEO and Co-Founder, to Finance Magnates. “The majority of our customers access the website through their mobile devices and this is just another step in that direction.”

The app has been launched to the public

The launch of the app is in conjunction with the BTC workshops that are being run in Africa this year. The workshops have been designed to ensure that they increase the Bitcoin economy, for the many youths who are on the African continent.

The workshops will be covering several topics, this is from the basics to the innovative use cases of the coin, and they will also include business applications.

If you attend the workshop and download the app, you will be able to receive free payouts of Bitcoin. Youssef announced that the workshops that are running are part of a much bigger mission by the Paxful platform. The purpose is to ensure they establish the Bitcoin Network as a finical system option for the underbanked communities and individuals around the globe.

They want to make sure they have empowered the unbanked; this will be done by creating the opportunity of peer-to-peer finance and also the Bitcoin token.

We should see more happening from the exchange

They will not stop here as they plan on partnering with the customers in the market, together with several other stakeholders. All this is to make sure that all individuals are well informed on the opportunities that have been presented thanks to the peer-to-peer finance.

The company is continually improving on the quality of service they offer, as the launch of the app came a few months after they partnered with Jumio.

Jumio is a digital identity verification company that will help in the improvement of the AML and KYC on the platform. All this to ensure they effectively curb any illicit activities that might arise on the platform.

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