Paxful now supports not only Bitcoin, but Tether as well
Paxful users can now buy on the USDT platform
When buying USDT, clients are trying to protect assets from inflation
USDT and ВТС are available for purchase on the platform
International consortium of news organizations developing transparency standards.
Users can convert BTC to USDT to protect their funds from volatility.
Paxful, an international P2P bitcoin trading platform, announced that it now supports Tether (USDT). This largest stablecoin in terms of capitalization, stablecoins – literally translated from English “stable” coins – continue to gain popularity in the digital asset market. With … More will help users cope with market volatility, protect their funds and diversify cryptoassets.
The growing demand for a stable digital currency is attributed to the economic crisis that has affected the market for both fiat and digital currencies. Over the past year, Tether has become the leader among stablecoins, with a market capitalization of more than $ 13 billion..
“This is a very important step for us, as Tether is the first cryptocurrency after Bitcoin that we have added to the platform, – says Ray Yousef, CEO and co-founder of Paxful. – We always listen to the opinions of our users. People come to Paxful to save and increase their funds. They believe that cryptocurrencies will be more stable than their national currencies, which are prone to inflation. We hope that with the help of Paxful they can better control their finances ”.
Paxful has added not only support for Tether, but also a hedging function with which users can convert their BTC to USDT and vice versa, which will allow them to protect their funds from price fluctuations.
In addition, the company plans to launch USDT deals soon. Users of the platform will be able to buy and sell USDT in the same way as bitcoins, using over 300 payment methods. The USDT balance can be viewed on the Paxful wallet page, which displays the current market price of both cryptocurrencies. Perhaps the launch of this feature will be the first step towards adding other cryptocurrencies to the Paxful platform..
The company recently said that Paxful had 4.5 million users, $ 4.6 billion in deal volume and less than 1% of disputed deals. Since the creation of the company, every year (including 2020), 1 million new users came to the platform. Plus, Paxful plans to reach 2 million more users by the end of this year..
Paxful is an international peer-to-peer transaction platform. Paxful’s mission is to give people who don’t have access to banking the ability to manage their finances on their own. The company was founded in 2015 and today more than 4.5 million users worldwide buy and sell bitcoins on the Paxful platform..
As part of its mission, Paxful launched the #BuiltWithBitcoin community initiative to build 100 schools in developing countries with Bitcoin funding.
‘Ask-Me-Anything’ session with Paxful founders
Paxful was founded in 2015 by Ray Yousef (CEO) and Arthur Shabak (Director of Operations).
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