Paxful offers bitcoin workshops to universities in Africa

Paxful offers bitcoin workshops to universities in Africa
Paxful launched a a series of educational workshops across Africa in 2019.
Paxful offers bitcoin workshops to universities in Africa
Paxful launched a series of educational workshops across Africa in 2019.

On Tuesday, 14 May 2019, Statistics South Africa announced that the youth unemployment rate in the country remains at an all-time high of 55.2 per cent. In a bid to help create employment, global peer-to-peer Bitcoin marketplace, Paxful is driving education around the use of bitcoin-for-business with the youth.

To increase access to the bitcoin economy for many more youths on the African continent, Paxful is launching a series of educational workshops across Africa in 2019. The workshops will cover the very basics about bitcoin for novices and further expand on innovative use cases and business applications observed around the world. This education initiative has currently kicked off in South Africa and Kenya in May, with Nigeria, Ghana and other African countries are on the cards for later in the year.

Despite the fluctuating bitcoin price, the marketplace has seen significant growth in digital currency transactions on the African continent in recent years, with the surge largely spearheaded by students and graduates under 25. “Africa leap-frogged to the forefront of peer-to-peer finance adaptation. In 2018, our user base in Africa doubled, with most customers being between 18 and 24,” said Artur Schaback, COO and co-founder of Paxful.

“As a values-driven company, we want to make the bitcoin economy accessible for everyone, especially the youth. To this end, we would like to reach as many young people as possible to help them understand the digital currency market and transact safely and with confidence. Our aim is to continue to partner with customers and other key stakeholders to ensure they are well informed about the opportunities presented by peer-to-peer finance,” stated Ray Youssef, CEO and co-founder of Paxful.

This latest initiative forms part of Paxful’s proven commitment to education, which includes building schools in East Africa under their #BuiltWithBitcoin charitable initiative, as well as providing scholarships to young women in the Middle East. The company aims to build 100 schools across Africa and expand its scholarship programs.

The first leg of the tour kicked off on the 13th of May 2019.

MAY 2019 Campus Tour Dates

South Africa

Wits University

Date: 13 May 2019

Time: 6:00 pm – 9:00 pm

Venue: Wits Clubhouse, West Campus

University of Cape Town

Date: 15 May 2019

Time: 5:00 pm – 8:00 pm

Venue: The New Lecture Hall, Upper Campus

Stellenbosch University

Date: 17 May 2019

Time: 4:00 pm – 7:00 pm

Venue: VV Hall, 1st Floor, The Neelsie


Date: 23 May 2019

Time: 10:00 am – 12:00 pm

Venue: Nairobi Cinema

For students from Nairobi University, Kenyatta University, Jomo Kenyatta University of Agriculture and Technology, Catholic University of East Africa, Strathmore University, Multimedia University, Zetech University, Technical University of Kenya, and Kenya Methodist University.

IT News Africa will host the fourth edition of the Education Innovation Summit set to take place on the 29th May 2019, at the Hilton Hotel, Sandton.

The event will focus on exploring emerging educational technology trends and aims to provide solutions to technology challenges within education. Under the theme “Reshaping Education for a Tech-Driven Future” the summit will bring together local and international experts, policy makers, academics, service providers and EduTech specialists- all sharing their expertise and experiences with emerging technologies in the education sector.

Ways to participate:

1. To register visit:
2. To sponsor or exhibit your education technology solutions at the summit visit:
3. To speak at the conference send an email to

Virginia Motsepe
Conference Producer
Education Innovation Summit
[t]: 011 026 0982

Edited by Fundisiwe Maseko
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