Cryptocurrencies like Bitcoin, advocates argue, make it easier for people in emerging economies to buy, spend, and move money, even without access to traditional financial infrastructure. Paxful, a peer-to-peer cryptocurrency-exchange platform with more than 9 million users globally, is helping make that possible. Users can freely transact in crypto with anyone across the world, and the company recently launched crypto education centers in Nigeria and El Salvador with the goal of financially empowering local communities. “When used as a means of exchange, Bitcoin can bridge economies and expand opportunities for the billions of unbanked,” says CEO Ray Youssef.
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
Correction, March 31
The original version of this story misstated the number of Paxful users. The company has more than 9 million users, not 6 million.
- Taylor Swift Is TIME's 2023 Person of the Year
- Meet the Nation Builders
- Why Cell Phone Reception Is Getting Worse
- Column: It's Time to Scrap the Abraham Accords
- Israeli Family Celebrates Release of Hostage Grandmother
- In a New Movie, Beyoncé Finds Freedom
- The Top 100 Photos of 2023
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time