Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela's Unbanked


Paxful p2p bitcoin exchange

Peer-to-peer bitcoin exchange Paxful is doubling down on developing markets.

Revealed exclusively to CoinDesk, the startup plans to open an office in hyperinflation-ridden Venezuela in September and release an Android app, its first for mobile devices, in October.

According to Paxful co-founder Ray Youssef, the reason for both moves is that exchange use is surging in developing nations, where mobile phones are abundant and cheap but access to crypto remains scarce.

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