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.
- The 100 Most Influential People of 2024
- Coco Gauff Is Playing for Herself Now
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- 6 Compliments That Land Every Time
- If You're Dating Right Now, You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
