Chicago, Illinois, USA — March 24, 2021 — Beaxy Exchange announced today a payments partnership with Paxful, the global peer-to-peer financial platform. This integration will bring beaxy users more than 375 new channels to acquire digital assets, from trading their Amazon gift cards to sending an ACH transfer in exchange for cryptocurrency. As cryptocurrencies continue to increase in value and adoption, beaxy is working with Paxful to reforge the process of converting fiat capital to digital assets into an adaptable ramp capable of bringing as many buyers and sellers to market as possible.
Paxful’s vision for the future is financial access for everyone. For example, users on Paxful can trade services and goods like haircuts and groceries for Bitcoin. While this seems novel at the present time, it augurs well for a near future where everything in our daily lives can be transacted digitally (although your hair will still need an analog trim until society goes full virtual avatar). Having upwards of 5 million customers already, Paxful is definitely doing its part to bring this future about. In the meantime, it means beaxy members have an entire new segment of on-ramp possibilities at their fingertips.
Together Beaxy Exchange and Paxful are on a mission to democratize financial freedom and open new market opportunities worldwide. Historically only a very small segment of society benefited from trading markets; today, on top of the new low-barrier-to-entry world opened by cryptocurrencies, beaxy is making it simple to trade profitably by giving you automated trade signals and advanced order types like stop-loss which will automatically sell if the price of an asset drops below a set threshold. With more than half of our members living outside the United States in power markets like Nigeria, Turkey, and the Netherlands, Paxful’s global network of vendors is well-suited to forward our joint ambitions.
Having grown 728% since January 2020, Beaxy Exchange has been working since its inception in 2017 to bridge the gap between cryptocurrency and legacy financial trading. Reflecting that goal, Beaxy’s digital trading platform comes with many of the advantages of a legacy trading platform. For example, the overall speed between interactions on the platform is faster than many U.S.-based crypto exchanges. To enable insight, the platform offers automated technical analysis to save traders the legwork while simultaneously offering the entire suite of technical analysis tools for those who prefer to do it themselves. Add these perks to seven advanced order types and Beaxy looks a lot like the ideal set-up for market veterans.
The integration of Paxful’s P2P platform will radically improve the capabilities of beaxy’s fiat on-ramp for customers the world over. If you would like more in-depth information on how to use Paxful within the Beaxy platform.
Beaxy Exchange is headquartered in Chicago, Illinois, USA and is operated by Windy Inc in the United States and around the world. Windy Inc is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. Beaxy services 42 U.S. states, in addition to serving an active global customer base in many international markets. Fiat currency on-ramps are offered by wire transfer in USD, EUR, GBP, JPY, CAD and AUD, as well as credit/debit card on-ramps offered in USD, EUR, GBP, ILS, TRY, CAD, CHF, KRW, JPY, RUB, AUD, CZK, NOK, DKK, NZD, SEK, ZAR, HUF, and PLN. Beaxy Exchange offers safe, compliant, and protected cryptocurrency trading and fiat ramp services for its customers. Digital assets are secured by Curv Institutional Custody, with USD deposits FDIC insured up to $250,000.
Paxful is a peer-to-peer finance platform for people to make payments, transactions, and send money by buying and selling cryptocurrencies as a means of exchange.
Founded in 2015 by Ray Youssef and Artur Schaback, Paxful’s mission is to help everyone have equal access to finance no matter who or where they are.
Over 5 million people use Paxful to buy and sell Bitcoin (BTC) and Tether (USDT) with almost 400 different payment methods.
Ray Youssef, co-founder and CEO of Paxful, set up the Built with Bitcoin Foundation to help people have access to education and water. To date, the foundation has built four schools (two in Rwanda, one in Kenya, and one in Nigeria); has provided health and food supplies in South Africa, Kenya, and Nigeria and education supplies in India to people affected by the COVID-19 pandemic. The Built with Bitcoin Foundation is funded by Paxful and in part by donations from Paxful users.