U.S. Bitcoin marketplace and digital wallet, Paxful is planning to establish a blockchain incubation hub in Lagos, Nigeria.
Paxful intends to show its commitment to the African market by investing in the blockchain incubation hub, which will launch in the next few months, according to Techcity.
The peer-to-peer marketplace will set the incubator up as a co-working space which will offer networking and advice for initial coin offerings, corporate blockchain training and mentorship for Nigerian developers working with blockchain.
The company has over 1.7 active million monthly users on its platform, with these users able to purchase, sell or accept bitcoin, while its global wallet enables funds to be exchanged, with over 300 different payment methods available, including Amazon Pay and PayPal.
Blockchain technology is showing signs of steady growth across the continent, with Africans embracing the technology and the solutions that it promises to modern-day challenges.
As blockchain technology enables a continuously growing list of records to be linked and secured using cryptography, Click here to read entire article