Paxful's co-founder Ray Youssef has a new P2P plan
Quick Take
- Former Paxful CEO Ray Youssef is workin to allow anyone to create permissionless peer-to-peer marketplaces using Nostr and the Lightening Network.
Episode 44 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro, and former Paxful CEO Ray Youssef.
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Ray Youssef is the co-founder and former CEO of Paxful — a once-prominent peer-to-peer ('P2P') Bitcoin marketplace that shut down in April after operating globally for nearly a decade.
Shortly after Paxful closed shop, Youssef released the Civ Kit white paper outlining a P2P electronic market system combining Nostr architecture and Bitcoin's Lightning Network to resist censorship and promote permissionless trading.
In this episode, Youssef lays out his ambitions for how the Civ Kit will lead to thousands of plug-and-play P2P marketplaces around the world, and how decentralized identity tech developed by Jack Dorsey's company TBD plays an important part in the process.
This episode is brought to you by our sponsor CleanSpark.
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CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
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