As a global digital marketplace that connects buyers and sellers of bitcoin, Paxful has, in its relatively short period of existence, already carved for itself an enviable niche. Operating as a type of escrow service, they keep both parties safe and ensure the integrity of their transactions using blockchain technology. Founded in 2015, the company has offices in New York,  Estonia, Hong Kong, and the Philippines —staffed by more than 160 dedicated employees globally.

The story of Paxful’s rise to become a foremost digital wallet through which thousands of people around the world send, receive, and store bitcoin is in many ways the story of Ray Youssef, the co-founder and chief executive officer, himself. It may be hard for most people who have benefitted from the Paxful direct-trade platform to believe, but there was a time when Youssef was eating out of dumpsters and sleeping on park benches.  His life experience, which saw him go from victim to champion of cryptocurrency trading, embodies the resilient and optimistic character underlying a company that has become one of the world’s biggest peer-to-peer digital currency exchanges. From its early days as a payment provider for small businesses, street vendors, and independent artists, Paxful has had a record of surmounting numerous challenges—among them being the apathy and incomprehension of the general buying and selling public, even in its home country, the USA, along with maximizing opportunities whenever they presented themselves.  It is this same sense of what is possible, this tenacity and belief—especially when circumstances seem to be at their most daunting—that is driving Paxful’s foray into the African marketplace, a venture which, so far, is yielding dividends beyond the imagination of even the most optimistic of Paxful’s legions of exponents and clients.

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