Paxful and Airtm Cooperate In A Strategic Move To Expand Into Developing Countries

Paxful and Airtm Cooperate In A Strategic Move To Expand Into Developing Countries
07.06.2019 08:21 am

Paxful and Airtm Cooperate In A Strategic Move To Expand Into Developing Countries

Blockchain , Trading Systems , Banking

Peer to peer bitcoin marketplace, Paxful (https://Paxful.com/), and Airtm, a blockchain peer to peer exchange and digital wallet, are announcing a new partnership to enhance the trading experience for people in developing countries. Starting on [date], users will be able to fund and withdraw from their Paxful bitcoin accounts using Airtm as a payment method.

Paxful (https://Paxful.com/) launched in 2015 with the goal of bringing more financial inclusion to unbanked or underbanked populations through decentralized, peer to peer access to bitcoin. Since then, the platform has gained popularity, particularly in African countries.  Paxful connects bitcoin buyers and sellers on its platform, and users are able to buy and sell bitcoin using over 300 different payment methods ranging from local bank accounts, debit/credit cards, and cash payments. Users are also able to send, receive and store bitcoin through their Paxful bitcoin wallet (https://bit.ly/2P52Z7X)

Airtm works in a similar way, connecting peers who wish to buy and sell dollars or cryptocurrencies, allowing them to deposit and withdraw using over 200 different payment methods.  Users can hold and send AirUSD, Airtm’s dollar pegged token, or cryptocurrencies through their Airtm wallets.  The core mission behind Airtm is to provide greater financial access and stability to people throughout the developing world in a way that is decentralized.  Airtm operates globally, with the majority of its users concentrated in Latin America.

“There are many synergies between Airtm and Paxful, and we are excited to partner with them to offer more possibilities to our users and expand globally,” comments  Ruben Galindo, Airtm CEO. “Both Airtm and Paxful believe in the future of peer-to-peer finance. In efforts to aid the unbanked and those affected by hyperinflation, this partnership will allow us to join forces with Paxful under one unified voice.”

The two companies intend to use the integration to grow into more geographies.  With P2P crypto trading growing in Latin America, especially Venezuela (Airtm’s largest market), Airtm will help Paxful grow in the region by promoting the platform as the ideal P2P platform for buying bitcoin. At the same time, Paxful will help Airtm grow among its users in Africa, promoting AirUSD as a stable option to use for bitcoin transactions.

“As we continue our work in emerging markets, this growth is sure to accelerate, said Ray Youssef, co-founder, and CEO of Paxful. “We hope to see economic stability for the underrepresented take flight in Latin America, and want to be the ones paving the way for those freedoms.”

Related News

Tassat and AlgoTrader partner to provide institutions access to new XBT/USD swaps contracts

Tassat, a global provider of financial technologies and products for traditional and digital asset markets, has partnered with AlgoTrader to provide institutional clients with... Read more »

Mizuho joins list of Fnality shareholders

Fnality International (Fnality), the company building the means of payments on-chain for tomorrow’s financial markets utilising the... Read more »

Blockchain Live 2019: Register for Your Free Pass Today

There is still time to register for Blockchain Live 2019. ... Read more »

Detroit FinTech Bay Announces Detroit Blockchain Center to join location at TechTown; Detroit FinTech Bay Board of Advisors Appointed

Detroit FinTech Bay announced today that it will welcome the Detroit Blockchain Center as a resident within its space in TechTown Detroit. Additionally, Detroit FinTech Bay’s... Read more »

DappRadar raises $2.33m seed round led by Naspers Ventures

DappRadar, the leading global platform for discovering and analysing blockchain-based decentralised applications (“dapps”), announces it has raised $2.33 million in seed... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel