Paxful Pay makes Bitcoin payments possible. Its service now allows traders to accept Bitcoin (BTC). Here is a summary of its services and benefits offered.
Paxful Pay announced the launch of a new service. It allows traders to easily accept Bitcoin (BTC). Paxful thus wishes to promote financial inclusion in areas with little bank access.
The Paxful Pay service is not just good for merchants. It allows customers to use more than 400 payment methods, which are automatically converted into Bitcoin (BTC). Online businesses can add a “Paxful Pay” payment option when completing the order.
BTCs thus exchanged are automatically sent to the wallets of traders. Users can also access other Paxful services with their credentials, including Paxful Marketplace and Paxful Wallet.
Paxful Pay, its main objective:
Its main objective is to allow people who do not have bank accounts to be able to access online payments.
To do this, Payful Pay only asks for an email address and a phone number in order to process a transaction. Only those over $ 1,000 will require an identification document.
The success of cryptocurrency can only happen if it appeals to mainstream users. This is why the company has focused on African countries like Kenya, South Africa and Nigeria – the latter being its largest international market.
The company then wants to integrate cryptocurrencies other than Bitcoin, and offer an automatic conversion service into stablecoin, for example Tether (USDT). In any case, this is not the first time that the company has wanted to offer innovative payment services: by the end of 2020, it had released debit cards based on cryptocurrencies.
Paxful is a peer-to-peer marketplace that allows you to buy and sell cryptocurrencies through over 300 payment options. It’s like eBay, but for the money… and with no limits.
We have over 4.8 million users worldwide. All transactions on Paxful are secured by our Escrow service, which means you transact with peace of mind knowing that your funds are protected.