Tech in Africa
Paxful, the international peer-to-peer crypto marketplace has announced a new partnership with Uhuru Wallet that adds another payment method on its platform. This a huge development for the people-powered bank that aims at financial inclusion for all, in a manner that includes the under-banked across the globe in an effort to achieve financial independence. The new partnership with Uhuru Wallet will cement this vision and streamline money transactions for Southern Africa users.
Uhuru Wallet offers users a transactive account where they can purchase airtime, make money transfer payments, and buy airtime – all through the WhatsApp wallet. Users can now add crypto transacting to their list of possibilities, i.e buying and selling Bitcoin (BTC) or Tether (USDT). Uhuru Wallet not only offers secure and speedy transactions but its also a cost-effective method of paying for goods and services across the continent.
Ray Youssef, the Co-founder and CEO of Paxful said, “By joining forces with Uhuru, we can unlock more options for our African users..”
Paxful was founded in 2015, and has offices in New York, the Philipines, and Estonia. Paxful’s platform already accommodates 300 different payment options. Financial transactions within Sub-Saharan Africa are fairly high. On the bright side, the global crypto-currency space is providing users with cheaper alternatives on personal and business-related transactions across boundaries.
Uhuru Innovative Solutions (PTY) Limited was established in 2017 as a Zimbabwean startup. Reginald Tsvetu the Marketing and Business Development Officer said, “Uhuru is a product for Africans by Africans and we share Paxful’s vision of greater financial inclusion.“
Uhuru Wallet is developed on the Stellar blockchain and is accessible via WhatsApp. Its biggest African markets thus far are Ghana, Nigeria, and South Africa, Kenya.
