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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Published 16 May 2021
In this interview with NIKE POPOOLA, the Chief Executive Officer and Co-founder, Paxful, Mr Ray Youssef, speaks on how the Federal Government can leverage digital currency to strengthen the naira, among other issues
The Central Bank of Nigeria recently placed a ban on cryptocurrency transactions; how do you intend to work around this?
We don’t 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. We also need t
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P2P Bitcoin Exchange Paxful Claims 5M Users Globally, May Introduce Support for More Digital Currencies and Crypto Debit Card
The team at
Paxful, a leading peer to peer Bitcoin (BTC) exchange, acknowledges that 2020 was quite rough. They claim that even though it may have been the hardest year of many peoples’ lives, there were still some positive developments.
In January 2020, Bitcoin was trading at around $7,000, and as the BTC price recovered after crashing in March, Paxful really began growing as a community. Paxful now claims more than 5 million users globally. The platform has doubled the size of its support capacity (but still room for a lot of improvement). Paxful reports that it now has more than 400 workers “fighting for financial freedom every single day.”