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Finding Genius Podcast

Ray Youssef - CEO At Paxful- World's Largest Peer-To-Peer Bitocoin Marketplace

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.41K Ratings

🗓️ 16 August 2018

⏱️ 27 minutes

🧾️ Download transcript

Summary

At Paxful, you get the opportunity to not only contribute your skills to the development of our innovative service offerings, but also the chance be a part of a company that is truly disrupting finance for good. Paxful is the world's largest Peer-to-Peer Bitcoin Marketplace and a universal money translator. Powered by people and blockchain technology, not big banks, we offer support for a payment system that empowers merchants and e-commerce shoppers. This opens up a new market of 2 billion people who have no access to banking services but do have the ability to buy bitcoin via one of the 300+ payment methods enabled by Paxful.

Transcript

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0:00.0

Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.

0:07.0

Future Technologies is to transform our lives for better or worse or the focus of this podcast.

0:13.0

Almost here means these technologies are now here and starting to be used.

0:17.0

Or just around the corner, for Bitcoin to artificial intelligence,

0:21.0

3D printing, blockchain, virtual reality, and more.

0:25.0

Hello everyone and welcome to Feature Tech Podcast. I'm your host

0:31.6

Juliet Lamar and joining us today is Ray Euss. He is the CEO at

0:37.2

Paxful. Welcome Ray. Thank you so much for having you.

0:41.2

Absolutely I think that our listeners are going to be very

0:44.7

excited about Paxil so give us a little bit of an overview about what Paxil is and

0:49.5

what you do over there. The Paxil is several things but really at the end of the day, it's a universal translator for money.

0:57.4

And the way it does this is to a peer-to-peer marketplace for cryptocurrency.

1:01.9

So the magic here is that you can turn any form of money in the

1:05.5

world into Bitcoin and not just euros or dollars but gift cards, you know, money in your PayPal account. It's peer-to-peer so if someone can

1:15.4

trade anything for Bitcoin, you can even say, hey, send me or, you know, you're at purse in the

1:20.9

mail and I'll give you Bitcoin, right? Once only becomes Bitcoin, it can become anything else at that point through another peer-to-peer transaction.

1:29.0

So for example, someone could buy an Amazon gift card in California with cash, go to

1:35.0

Paxil typing the code, basically they're selling that code to someone and

1:39.2

they gain bitcoins in the turn and then from there they could sell those

1:42.1

big coins to someone else and get another gift card.

1:45.6

So an Amazon gift card can become an Xbox gift card or a PayPal deposit or cash in a Cambodian bank account.

1:51.6

Anything can become anything else and they're cleaning is the

...

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