Ray Youssef
 Co-Founder & CEO, Paxful

Peer to peer bitcoin marketplace, Paxful, and Airtm, a blockchain peer to peer exchange and digital wallet, have announced a new partnership to enhance the trading experience for users in developing countries.

The two companies intend to use the integration to grow into more geographies. With P2P crypto trading growing in Latin America, especially Venezuela, which is Airtm’s largest market, Airtm will help Paxful grow in the region by promoting the platform as the ideal P2P platform for buying bitcoin. At the same time, Paxful will help Airtm grow among its users in Africa, promoting AirUSD as a stable option to use for bitcoin transactions. Users will now be able to fund and withdraw from their Paxful bitcoin accounts using Airtm as a payment method. With a belief in the future of peer-to-peer finances, this partnership promises to enhance the trading experience in emerging markets.

Paxful connects bitcoin buyers and sellers on its platform, and users can buy and sell bitcoin using over 300 different payment methods ranging from local bank accounts, debit/credit cards, and cash payments. Users are also able to send, receive and store bitcoin through their Paxful bitcoin wallet. Since its launch in 2015, the platform has gained popularity, particularly in African countries.

“As we continue our work in emerging markets, this growth is sure to accelerate We hope to see economic stability for the underrepresented take flight in Latin America and want to be the ones paving the way for those freedoms”, said Ray Youssef, co-founder, and CEO of Paxful.

Airtm, also founded in 2015, operates globally, with most of its users concentrated in Latin America. Airtm works in a similar way, connecting peers who wish to buy and sell dollars or cryptocurrencies, allowing them to deposit and withdraw using over 200 different payment methods. Users also can hold and send AirUSD, Airtm’s dollar-pegged token, or cryptocurrencies through their Airtm wallets. The company has raised $9.7 Million in funding, with US-based cryptocurrency exchange Coinbase being a lead investor.

“Both Airtm and Paxful believe in the future of peer-to-peer finance. In efforts to aid the unbanked and those affected by hyperinflation, this partnership will allow us to join forces with Paxful under one unified voice.”, said Ruben Galindo, Airtm CEO

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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