Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela's Unbanked
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.
