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Paxful Adds Bitsika as a Payment Method

This is in response to the increased demand for local payment methods so as to include more Nigerians in the crypto industry.

Tochukwu Egesi
Tochukwu Egesi

Global peer-to-peer crypto marketplace, Paxful, has announced the addition of Bitsika to its platform, thereby expanding its range of local payment methods in Nigeria. This addition allows Paxful users to deposit Cedis, Naira, Dollars, CFA through the Bitsika app to facilitate easy transactions.


Bitsika was launched in Nigeria in 2019 to provide faster and easier payments across the globe whilst saving its users of the high costs of traditional money operators.

A Bitsika Presentation. Image Source: Publish0x.com

The partnership will help Paxful gain more ground in one of the world's fastest-growing crypto-markets, due to the current ever-growing demand for crypto in Nigeria.

This follows just after Paxful got accepted as a premium member of the Fintech Association of Nigeria.

Nigeria In Focus:

Population: 206.6 million (Compared to South Africa's 59.6 million)

GDP: $504.57 billion (Compared to South Africa's $369.85 billion)

GDP Per Capita: $2,465 (Compared to South Africa's $6,193)

News

Tochukwu Egesi

Financial Sector and Digital Economist (Scribing in Personal Capacity)