Bitcoin Daily: Crypto Exchange Paxful Sees Usage Up 350 Pct In Russia; Electric Coin Launches Crypto Education Program; Nonprofit Says Bitcoin Not Totally Banned From China


Source: pymnts.com pymnts.com

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Print Paxful says it has experienced a 350 percent jump in the use of its infrastructure in Russia, Decrypt reported. The bitcoin exchange has seen record month-over-month peaks in user signups on its exchange as of the beginning of the COVID-19 pandemic in March. Anton Kozlov, the company’s Russian market manager, said per the outlet, “Crisis aside, Russia has always had a monolithic banking system that is dominated by a few players, and the sentiment we get is that Russians are increasingly looking to find alternative ways to grow their earnings and participate in the financial markets.” The news comes...