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.
- Essay: The Tyre Nichols Videos Demand Solemnity, Not Sensationalism
- For People With Disabilities, Losing Abortion Access Can Be a Matter of Life or Death
- Inside the Stealth Efforts to Smuggle Starlink Internet Into Iran
- Natasha Lyonne on Poker Face and Creating Characters Who Subvert Leading-Lady Tropes
- How to Help the Victims and Community After the Monterey Park Shooting
- Why Grocery Staples Are So Expensive Right Now
- Quantum Computers Could Solve Countless Problems—and Create a Lot of New Ones
- Where to Watch All of the 2023 Oscar Nominees
- How to Be Mindful if You Hate Meditating