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“We spent millions on compliance, but even that still wasn’t enough,” Youssef told CryptoX in an interview. “And then to make things worse, in the middle of January,” he went on, “my co-founder decided to sue the company and myself. The litigation got really nasty and he scared away our
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“The Global South is very interesting, particularly places like Africa, because the people there don't need anything,” Youssef remarked. “They are under such restrictive financial regimes, that honestly, it's a miracle they're not extinct. They're ingenuity and resourcefulness will create amazing wealth.” Source
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Few people expected the Nigerian crypto economy to explode after the country’s central bank and financial regulators banned crypto trading. But it has, and it’s now the eighth-largest crypto market in the world, according to Chainalysis. It continues to grow thanks primarily to peer-to-peer exchanges like Paxful that allow bitcoin
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Though he has had 11 business failures, today Ray Youssef is building Bitcoin-funded schools across Africa as executive director of the Built With Bitcoin Foundation and is helping millions of people buy and sell cryptocurrency as CEO of Paxful. However, Youssef also admits to looting hardware stores on behalf of
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“I’m coining this term right here, right now,” Ray Youssef declares. “Financial Apartheid.”The CEO and co-founder of Paxful is on a mission. “It’s what has held Africa back more than anything else.”“How advanced would the United States be if you couldn’t send money from New York to Florida? From New
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