Paxful co-founder has announced plans to relaunch P2P crypto trading following the company’s collapse.
After the Paxful collapse, one of the co-founders wants to reactivate trading. The co-founder of the company made a statement about his plans.
Paxful Co-Founder Announces Plans to Restart P2P Crypto Trading
Paxful co-founder Ray Youssef announced his plan to restart peer-to-peer commerce (P2P) after his company went bankrupt earlier this year. The new venture, called Civ Kit, won’t be in the US.
Youssef describes his new venture, Civ Kit, as follows:
“A blueprint for developers and entrepreneurs to build their own censorship-proof and permissionless global marketplace.”
The new initiative will allow anyone to trade using Nostr, a protocol that Youssef calls an “unstoppable marketplace” and enables anyone, anywhere, the Lightning Network and decentralized social media.
Youssef shared his thoughts on his new venture in a podcast:
“We want everybody to trade with everybody. We want someone in Venezuela to trade with someone in Russia. There is no obstacle to this.”
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