Paxful, one of the leading peer to peer crypto marketplaces, has joined with African financial services startup, Uhuru wallet.
The wallet will become one of the listed methods of payment on the paxful platform, making it easier for South Africans and other neighboring regions to conduct trading.
Uhuru wallet will now join the over 300 different payment methods on Paxful, which include household names like MPESA and emerging companies like Astro Pay. With such a lineup, customers are bound to find their preferred payment avenue already implemented on the platform, edging closer to achieving the goal of financial inclusivity in the African market.
Uhuru wallet celebrated this partnership, it marks a key achievement for a wallet service that is less than a year old. The wallet also facilitates payment of goods, services and utilities such as water and electricity. It also has a neat feature that enables users to make payments on Whatsapp. In addition, customers can use it to buy airtime, pay for their DSTV bill, shop online, and even lottery payments.
Backing Uhuru wallet to guarantee liquidity and security of its funds are well reputable banks including Absa Bank, First Rand Bank available in the Southern parts of Africa and Stellar crypto among others.
It is worth noting that Uhuru wallet is a product if BitKesh, a crypto startup based in Zimbabwe. However, the focus on South Africa is key since there are more than 1 million Zimbabweans living and working in the country.
Speaking on the new partnership, Reginald Tsvetu, Co-Founder of BitKesh, said:
“We’re thrilled to be able to partner with a leading international marketplace like Paxful. Uhuru is a product for Africans by Africans and we share Paxful’s vision of greater financial inclusion. We look forward to working with them to include more Africans in the global economy.”
