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Paxful Commits to Donating 1% of Its Annual Profits

Paxful Commits to Donating 1% of Its Annual Profits
Peer-to-peer fintech platform to join the Giving Block s Founder s Circle, aimed at donating annual profits via Bitcoin
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NEW YORK, June 4, 2021 /PRNewswire/ Paxful, the leading global peer-to-peer fintech platform, today announced that it will be joining the Founder s Circle, a philanthropic group within the Giving Block. Through the agreement, Paxful commits to donating 1% of its annual profits to charity via the Giving Block. Additionally, Paxful CEO and Co-Founder Ray Youssef will join the Founder s Circle as an individual contributor, donating at least 1% of his average annual Bitcoin holdings. ....

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Paxful Pay Is an "Invisible Bridge to Bitcoin," Says Cofounder

“We think this is going to enable four billion people more to be part of e-commerce,” says Artur Schaback on the launch of Paxful Pay. ....

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'We are ready to engage Nigerian government to regulate cryptocurrency market' | The Guardian Nigeria News - Nigeria and World NewsInterview — The Guardian Nigeria News – Nigeria and World News

Ray Youssef is the Chief Executive Officer and Co-founder of Paxful, a peer-to-peer finance platform. He visited Nigeria recently to promote safety and reliability of cryptocurrency in creating wealth for Nigerians among other issues. GLORIA NWAFOR reports.
The Central Bank of Nigeria (CBN) recently placed a ban on cryptocurrency transaction; how do you intend to play around this restriction?
We do not intend to go around anything; we want to engage everyone, including the regulators. We want to sit with them and show them what this is all about. When Nigerians are motivated, they can move things very fast, such that they will start wondering what this is all about. Their concern is to know whether it is safe, with the spate of money laundering and terrorism. The regulators of the world, including those in America, are asking the same question. Paxful is everywhere; we only need to engage the regulators and assure them that it is safe and can increase wealth for everyone. ....

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Paxful Hits $5 Billion Volume

Paxful Hits $5 Billion Volume
Peer-to-peer fintech passes six million users and expects 20% growth this year
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NEW YORK, April 27, 2021 /PRNewswire/ Paxful, the leading global peer-to-peer fintech, announced today that over $5 billion has been traded to date on its platform and that it now has over six million users.
Paxful Reaches $5 billion in volume
Founded in 2015 and completely bootstrapped since then, Paxful is a peer-to-peer platform where you can buy and sell digital currencies as the means of exchange and make payments, transactions, and send money. With close to 400 different ways to buy and sell digital currencies from gift cards to bank transfers, Paxful connects you to almost any financial network in the world. The platform just added ETH to the cryptocurrencies available. ....

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Nigeria's crypto ban has startups and traders in a frenzy — Quartz Africa

March 17, 2021
It’s been over a month since the Central Bank of Nigeria (CBN) issued a communiqué prohibiting financial institutions from dealing with local cryptocurrency exchanges and ordering the shutdown of crypto traders’ accounts. As a result, cryptocurrency startups could no longer accept deposits or process withdrawals in the country.
Mixed reactions have trailed the early February announcement. Some support the bank’s attempts to crack down on the opaque, volatile digital currency. Others question the goals of the policy, which has stifled the livelihood of young Nigerians who are using crypto to try to escape poverty and staggering unemployment. And many more players and stakeholders have excoriated the CBN’s inability to see digital currencies as a harnessable tool for economic growth. ....

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