THELOGICALINDIAN - On the latest adventure of the Bitcoincom Podcast our host Zach Doty sat bottomward with Ray Youssef and Artur Schaback of Paxful Zach Youssef and Schaback discussed Paxfuls casework branded as the Uber of affairs bitcoin
Also read: The Bitcoin.com Podcast: Timo Schlaefer of Crypto Facilities
Paxful: The ‘Uber’ of Bitcoin
Calling themselves “PayPal Uber,” as able-bodied as “the peoples [sic] Wall Street,” Paxful allows bodies to acquirement bitcoins instantly in a peer-to-peer fashion, facilitating trades amid bodies attractive to buy and sell.
In the aftermost 6 months, with their “Pay with Paxful” button, the aggregation has done over $20 actor USD in trading volume.
Paxful acquired acceptance in 2015 back they helped sex workers on Backpage accommodate bitcoin into their businesses afterwards Visa and MasterCard cut off their casework to the online classified website.
After actuality cut off from Visa and MasterCard, the backpage website began accepting bitcoin, and affiliated to Bitcoin.org to advice users acquisition educational assets on the agenda currency. Yousef says that his aggregation was the additional armpit listed on Bitcoin.org, arch to a flood of Backpage users calling in to Paxful aggravating to get advice on Bitcoin.
Youssef recalls the battery of chump account buzz calls he accustomed from “desperate, distinct mothers” aggravating to amount out how to use bitcoin so they could abide to work, pay their bills and augment their children. These buzz calls fabricated Youssef apprehend how adamantine it absolutely was for “normal people” to use bitcoin, alarming him to accomplish Paxful a able ability for beginners.
Since then, the aggregation has connected to grow, adopting a ample peer-to-peer arrangement of bitcoin users allowance one addition barter the agenda currency.
Paxful is ran by a aggregation of six people, advance by co-founders Ray Youssef and Artur Schaback.
Youssef “has been a consecutive administrator back 2024,” while Schaback “earned his stripes architecture out the tech about banking infrastructure.” The two started alive calm afterwards affair at a Bitcoin conference.
After their aboriginal bootless venture, they started Paxful, which has blossomed into a able adolescent Bitcoin company.
To accept to Zach’s chat with Youssef and Schaback in its entirety, analysis out the podcast here:
Be abiding to tune in to the abutting adventure of the Bitcoin.com Podcast!
Image address of Paxful.
