Apr 7, 2020 ⋅ 1 min read
In a blog post released today, peer-to-peer (P2P) Bitcoin exchange, Paxful, introduced the option for users to exchange Gold for Bitcoin. KYC will be required for all gold transactions greater than $50, and Bitcoin will remain in escrow with Paxful until trades are completed.
Ray Youssef, CEO, and co-founder of Paxful, claimed the decision to add the option to exchange gold for Bitcoin was in response to high user demand. Currently, Paxful allows users to use more than 300 different types of payment methods for the purchase of bitcoin including online wallets, bank transfer, mobile recharge, cash in-person, and gift cards.
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