Bitcoin Economy Boosting Entrepreneurship in Africa

Blockchain technology and the role of entrepreneurship in driving Africa’s prosperity in the Fourth Industrial Revolution (4IR), were some of the key topics taking centre stage at this year’s World Economic Forum (WEF) on Africa which was held in Cape Town recently. Paxful (https://Paxful.com/), a leading peer-to-peer global bitcoin marketplace, is excited about the improving economic outlook for Africa and entrepreneurial growth opportunities.

With nearly 3 million users globally and Africa being its fastest-growing customer base, Paxful has a unique insight into the development of the crypto economy across the continent. The company is seeing an increase in the amount of entrepreneurial activity on its platform. Many young Africans see bitcoin as an opportunity to develop commercial ventures; users set up side-hustles and their own full-time businesses including remittance businesses. Paxful has found that users from…