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Peer-to-peer crypto increasing in Nigeria despite bank ban — Quartz Africa

Peer-to-peer crypto increasing in Nigeria despite bank ban — Quartz Africa
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Paxful Commits to Donating 1% of Its Annual Profits

Paxful Commits to Donating 1% of Its Annual Profits
Peer-to-peer fintech platform to join the Giving Block s Founder s Circle, aimed at donating annual profits via Bitcoin
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NEW YORK, June 4, 2021 /PRNewswire/ Paxful, the leading global peer-to-peer fintech platform, today announced that it will be joining the Founder s Circle, a philanthropic group within the Giving Block. Through the agreement, Paxful commits to donating 1% of its annual profits to charity via the Giving Block. Additionally, Paxful CEO and Co-Founder Ray Youssef will join the Founder s Circle as an individual contributor, donating at least 1% of his average annual Bitcoin holdings. ....

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Cryptocurrency can strengthen naira against dollar – Youssef

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Published 16 May 2021
In this interview with NIKE POPOOLA, the Chief Executive Officer and Co-founder, Paxful, Mr Ray Youssef, speaks on how the Federal Government can leverage digital currency to strengthen the naira, among other issues
The
Central Bank of Nigeria recently placed a ban on cryptocurrency transactions; how do you intend to work around this?
We don’t intend to go around anything; we want to engage everyone, including the regulators. We want to sit with them and show them what this is all about. When Nigerians are motivated, they can move things very fast, such that they will start wondering what this is all about. Their concern is to know whether it is safe, with the spate of money laundering and terrorism. The regulators of the world, including those in America, are asking the same question. Paxful is everywhere; we only need to engage the regulators and assure them that it is safe and can increase wealth for eve ....

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Paxful Affirms Commitment to Boosting Nigeria's Crypto Market

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May 7, 2021, Lagos: Paxful, the leading global peer-to-peer fintech, has restated its commitment to advancing Nigeriaâs crypto market. The company is doing this through constant engagement and enlightenment efforts that foster a clear market understanding while also driving increased adoption among Nigerians, particularly the youths.
L-R: CEO and Co-founder Paxful; Ray Youssef; Paxful Regional Manager Nigeria; Nena Nwachukwu, Director of Built With Bitcoin Foundation; Yusuf Nessary, Paxful power trader; Mubarak Sulaiman and Paxful VIP trader; Sulaiman Muyideen at meet and greet with Paxful Peers and VIP traders in Lagos.
During the visit of Ray Youssef, the Paxful CEO and Co-founder highlighted the companyâs dedication at a stakeholdersâ forum organized recently in Lagos, to chart a course for the industry. ....

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