Facebook Twitter Instagram
    Facebook Twitter Instagram
    Business Times
    Button
    Business Times
    Home»Corporate»Paxful Empowers Women To Venture Into Crypto Entrepreneurship
    Corporate

    Paxful Empowers Women To Venture Into Crypto Entrepreneurship

    ParmenasBy ParmenasAugust 21, 2020Updated:August 21, 2020No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Women are becoming catalysts of crypto entrepreneurship in Kenya and the rest of the world. Since 2019, the number of female crypto entrepreneurs has increased by 48%, with 13% of them actively investing in Bitcoin and reaching milestones in financial self-sufficiency.

    Paxful, a global peer-to-peer bitcoin marketplace, continues to empower and lead women towards crypto- and bitcoin entrepreneurship. With global offices in New York, the Philippines, and Estonia, Paxful has diversified its workforce by recruiting over 37% of female employees. 

    The company is helping people become financially stable on their own terms, through either bitcoin trading or Paxful’s affiliate and peer programs.

    However, is it really that easy for female crypto entrepreneurs to thrive in the field that has always been dominated by men?

    Is bitcoin alone enough to push women towards diversifying their income streams and turn bitcoin trading into a side hustle or even a full-time job?

    Here are 3 tips for success for any woman considering a career or start-up in bitcoin

    1. Become a crypto technology expert; information is paramount when it comes to crypto technology. While bitcoin has gained momentum and acceptance in a number of developed countries, it faces numerous challenges in others. Position yourself as an expert on the subject. Share information on what bitcoin is and isn’t. A great example is Yvonne Kagondu, Paxful Community Coordinator in Kenya, who actively promotes  Bitcoin and blockchain literacy in the region.
    2. Harness your problem-solving skills; before embarking on a bitcoin journey, be ready to identify existing problems and generate solutions as you go, to sustain your business. Pinpoint the gaps in the industry and build your business around them by creatively using bitcoin to mitigate the  problems.
    3. Build a network of skilled crypto enthusiasts; surround yourself with like-minded individuals who can help you grow. Connect with fellow women in the space so you can trade, invest and create future partnerships together.

    Increase In P2P Finance Among Female Entrepreneurs

    The Paxful Peer Program has been instrumental in helping female crypto enthusiasts succeed in the industry. With 5 female peers in South Africa and 6 in Kenya, the program has given women an opportunity to be their own boss, whilst managing various communities of entrepreneurs and helping them succeed in bitcoin trading.  

    “The aim of our international Peer Program is to help students, new graduates, freelancers, and all young entrepreneurial-minded people learn new skills, earn extra income, and extend their network. Through the program, we are creating ‘community leaders’ by giving these young individuals numerous tools and opportunities to become advocates of Paxful, bitcoin and peer-to-peer finance within their own local communities,” says Tugba Abadan, Head of Community and African market lead at Paxful.

    To take it further, Paxful has also partnered up with various female-led initiatives and organizations dealing with bitcoin. Through such innovative partnerships, Paxful is hoping to inspire more women to join the crypto ecosystem and take control of their finances.

    Success Stories

    The number of female users who have successfully conquered bitcoin marketplaces is constantly growing. A Kenyan-born female user based in Berlin has utilised the platform to instantly send money to her family in Kenya, via one of Paxful’s 300+ payments methods, including a popular Kenyan mobile money service.

    The platform allows users to trade bitcoin for this digital wallet, meaning the recipient will get the funds in their account instantly. This is just one of many examples showcasing the use of bitcoin on the Paxful platform in everyday lives. Paxful allows for instant and decentralized transfers around the globe, making it a simple and secure solution. It all starts from a quick process of setting up a free bitcoin wallet where the user can send and receive payments.

    Other female users making headway in crypto adoption in the African region include Veecca Smith Uka from Nigeria. Veecca resides in the United Kingdom but is able to send money to her family back in Nigeria using bitcoin.

    Continued support for women in bitcoin

    Women, especially those in Africa, are slowly proving to be a vital asset in the success of the crypto economy. In the years ahead, Paxful will continue supporting women and improving gender diversity through programs and partnerships, thus bringing more opportunities for financial inclusion in Africa and around the globe.

    For all the latest technology and business news from Kenya and the world, follow us on Twitter and like us on Facebook. Follow our Telegram Chanel https://t.me/businesstimeske

    Share this:

    • Tweet
    • WhatsApp
    • Telegram
    • More

    Related

    Paxful
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Parmenas
    • Website
    • Facebook
    • Twitter

    Not everyone is good at web content creation and some people would rather toss a match on the whole thing and walk away. Parmenas LOVES working with words to create the most impact on the ideal customers. You know, the people who will turn into loyal customers for as long as your business is up and running. Here's how he can solve your predicament: He will create and publish content on your site that your readers will want to read...but not the same rehashed stuff that all of your competitors have already bludgeoned to death. Improve the effectiveness of your website so that it becomes your best salesperson on the floor for you 24 hours a day WITHOUT calling in sick or needing employee benefits/wages/training.

    Related Posts

    How To Establish A Connection With Your Domestic Worker

    May 20, 2022

    Safaricom Partners With vivo Smartphone To List New 4G Devices in Kenya

    May 12, 2022

    Safaricom Confirms Commercial Launch In Ethiopia As Revenue Hits Ksh281 Billion

    May 12, 2022

    Leave A Reply Cancel Reply

    Ad
    Here’s The Latest
    • How To Establish A Connection With Your Domestic Worker
    • New-style Traveller Centres Launch In Naivasha, With First Regional Electric Vehicle Charging
    • Naivas Opens Its 84th Branch In Kayole, Naivasha
    • Superior Homes Launches Reward Program For Investors
    • ESG set to drive Real Estate Sector Forward – EAPI Summit
    Buy the Latest POS Software
    • ConnectionHow To Establish A Connection With Your Domestic Worker
    • Naivasha Safari CentreNew-style Traveller Centres Launch In Naivasha, With First Regional Electric Vehicle Charging
    • Naivas SupermarketNaivas Opens Its 84th Branch In Kayole, Naivasha
    • Superior HomesSuperior Homes Launches Reward Program For Investors
    • Absa ESGESG set to drive Real Estate Sector Forward – EAPI Summit
    • AbsaAbsa Bank Kenya earns Global Recognition
    • DStvEnhancing Business in Pubs with Variety Sports
    • (no title) Post 7460
    • Mount Kenya University (MKU) Pro-Chancellor Dr Vincent Gaitho.MKU Pro-chancelor Pleads For Peace During Polls
    • Felix Tshisekedi President of the Democratic Republic of Congo (right) receives a memento from Prof. Isaac Macharia, Equity Group Board Chairman (left) and Dr. James Mwangi Equity Group Managing Director and CEO (center).Opportunities To Explore In The Vast DRC Market
    • Y15s SafaricomSafaricom Partners With vivo Smartphone To List New 4G Devices in Kenya
    • Safaricom CEO Peter NdegwaSafaricom Confirms Commercial Launch In Ethiopia As Revenue Hits Ksh281 Billion
    • PrudentialPrudential Kenya Signs Ksh10 Million Partnership To Provide Free Education To Disadvantaged Students
    • ZohoZoho Unifies Marketing Operations With Zoho Marketing Plus
    • Cold Season5 Tips To Help You Prepare For The Cold Season
    • Banking FraudBankers, Payments Firms And Retailers In Drive To Reduce Consumer Exposure To Fraud
    • Congratulations! Deputy President William Ruto Secures His First Win in Nairobi
    • dstv kenya self serviceDStv’s New Package Offers Lifeline To Hotel Industry
    • The promotion targeted Kenyans living and working in the USA. PHOTO| Justus KisavaAMG Realtors Unveils Winner Of Five-acre Piece Of Land In Bamba Shamba Promotion
    • Paul Icharia Kepfic Vice chairmanUS Pension Schemes Direct Over Ksh58 Billion to Africa
    Facebook Twitter Instagram Pinterest
    © 2022 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.