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

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

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

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

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

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

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

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

Absolutely I think that our listeners are going to be very

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

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.

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

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

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

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

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.

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

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

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

big coins to someone else and get another gift card.

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

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

...