Paxful, a peer-to-peer crypto market that allows its users to buy bitcoins through a variety of payment methods, shared recently that crypto demand is blooming regardless the falling crypto prices — particularly in Africa.
It is its largest market.
According to the company, the volume of crypto transactions processed from the African continent climbed by more than 130 percent last year. And currently its users in the region carry out an average of 17,351 trades per day.
In fact, many African currencies have long been facing strong instability, and it could be the only reason behind the crypto success — crypto as an alternative — in the continent.
However, it is also the accessibility to the crypto market that Paxful provides — since it allows its customers to buy cryptocurrencies with gift cards and vouchers, in addition to conventional methods like debit cards and platforms such as PayPal.
In fact, gift cards and vouchers were the most popular payment method for crypto in the continent in 2018.
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