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Bitcoin [BTC]: Paxful launches crypto-wallet; announces plans to spread crypto-awareness

Sarvesh Kumar



Bitcoin: Paxful to educated Africa on Bitcoin and cryptocurrency.
Source: Pixabay

Ray Youssef, Co-founder and CEO of Paxful, has announced the official launch of their crypto-wallet. Paxful is a peer-to-peer Bitcoin market place, which had previously promised to give away Bitcoins to all those who attend their workshops and download their wallet app.

In a statement announcing the launch, the Co-founder said that Paxful understood that Bitcoin was now a mainstream element of lifestyle and business transactions. Paxful also claimed that the wallet app was launched after extensive discussions with its own customers. With the launch of the crypto-wallet, Paxful aims to make the purchase, sale and storage of Bitcoins easier.

The wallet will provide secure storage and work effortlessly through the Paxful website. The wallet is available on Android and iOS devices. Ray Youssef is also looking towards launching various workshops in the South African continent in May 2019 to educate the populace about Bitcoin. The workshop will start in South Africa and Kenya, followed by Ghana and Nigeria. Paxful’s main agenda is to create awareness about Bitcoin and cryptocurrencies amongst the youth in Africa.

For beginners, the workshop will provide insights on the very basics of Bitcoin, covering topics like – introduction and more. For a more experienced audience, it will look at giving details like – Recent innovations, the current status of the Bitcoin, what is the future and more.

According to Ray Youssef,

“As a values-driven company, we want to make the Bitcoin economy accessible for everyone, especially the underbanked. 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.”

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I am a journalist here at AMBCrypto. I cover news on prices of various coins in the crypto-verse and also work on the latest news of coins like - Bitcoin| Ethereum| Litecoin and more.


XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind




XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.

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