The Paxful platform, which enables peer-to-peer cryptocurrency transactions, announced that they have registered more than $ 5 billion in trading volume to date. In addition, they have reached 6 million registered users worldwide.This was reported to Cointelegraph in Spanish through a statement.
Among other things, they found: â ????In the first quarter of 2021, the company saw its average monthly transaction volume grow more than 15% compared to all of 2020, and it is projected to grow by a total of 20% for the remainder of the year. Currently, the five countries with the highest volume were: Nigeria, China, USA, India and Kenyato????.
Ray Youssef, CEO and Co-Founder of Paxful, commented, “The financial system is failing 99% of the world’s population.” Cause inequality for many people in the world. For this reason, our mission at Paxful is to provide all users with equal access to finance through the use of cryptocurrencies so that they can manage their own money regardless of who they are or where they are. Reaching this volume of operations shows us that we are changing the lives of many people, but we know this is only the beginning.
Youssef continued, “At Paxful we are seeing remarkable growth in all of our markets, especially those countries where their currency is highly volatile. There are strict controls on access to foreign capital or high transaction costs such as Argentina.” where people are looking for new forms of investment that will allow them to have real control over their money and give them financial freedom.
In Argentina, the number of monthly operations in the first three months of the year increased by 60% compared to the same period in the previous year, which corresponds to an increase in the average monthly volume of 130%. Online wallets, followed by bank transfers, were the most widely used payment methods in the country.
Paxful is headquartered in New York with offices in Estonia, the Philippines and Russia. Your team has doubled in the last 12 months and reached more than 400 employees.
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