Top peer-to-peer (P2P) Bitcoin marketplace, Paxful, has joined hands with leading multi-crypto wallet, Infinito. The partnership aims at opening the gates of digital investing worldwide.
Paxful has integrated its web-based virtual Bitcoin kiosk on the Infinito wallet platform. As a result, Infinito wallet users will now get a wide range of options to purchase Bitcoin safely without having to pay transaction fees. So, the users can select from up to 167 fiat currencies and over 300 payment methods to buy Bitcoin.
Some of the popular currencies available to users using Paxful’s payment logistics platform include USD, VND, GBP, CNY, CAD, etc. Other popular payment methods such as bank transfer, gift cards, online wallets, domestic wire transfer are also available.
Traction in Vietnam
According to reports, new user logins in Vietnam recorded a 43% increase between Q4 2019 and Q1 2020. During this period, there was also an astounding 262% increase in trading volume. Moreover, Vietnamese seller volume went up by 69% while the volume of buyers increased by more than 115%.
Infinito reported an incredible surge in buys in the first two months of 2020 by 710% for Vietnamese users. Incidentally, global users only amounted to over a 107% increase.
Both Paxful and Infinito are highly interested to penetrate the Vietnam market with a Bitcoin community of over 6 million people. To this end, they are working on a “crypto investment competition” type game that will allow anyone to get their feet dipped into crypto.
Participants will not need to fork out any money but still be able to enjoy the crypto market experience. There will be exciting trading competitions with prizes on offer as well. Needless to say, experienced traders and all crypto enthusiasts are welcome to participate.
What the partners said
Jack Nguyen, director of Infinito said, “We’re extremely pleased to be Paxful’s first-ever crypto wallet partner to enable Bitcoin ownership for even more people all over the world and penetrate the Vietnam market. This shared vision between Paxful and Infinito for a simple, fair, and secure economy for all empowered by cryptocurrencies has driven us to build a safe and accessible platform to purchase Bitcoin.”
He also commended the joint efforts in helping bring greater accessibility to Bitcoin for the masses. According to him, this was especially helpful for people who were still unfamiliar with the concept of digital assets.
Speaking on the occasion, Ray Youssef, CEO and co-founder of Paxful, stated, “As we continue our work in emerging markets, this unique partnership with Infinito aims to bring Bitcoin to the masses and promote the usability of cryptocurrency. Together, we enable people everywhere to directly purchase Bitcoin at the best prices without having to pay any transaction fees. We’re excited to see how this will drive financial access and more opportunities for people worldwide.”
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