As parts of efforts being made globally to resolving challenges around payment on e-commerce sites, Paxful, one of the leading global peer-to-peer fintech company has unveiled Paxful Pay, an e-commerce solution that allows businesses worldwide to receive bitcoin.
According to the organization, the service will allow customers to pay with almost 400 payment methods – exchanging into bitcoin that is sent to the merchant’s digital wallet.
Ray Youssef, Chief Executive Officer (CEO) and co-founder of Paxful, said: “In many regions across the globe, we see people use bitcoin as a financial tool for purchasing goods and services. Bitcoin has several different use cases that we have only begun to leverage, and e-commerce is a great example.
At Paxful, it’s imperative that we give users and businesses around the world the opportunity to take advantage of the power of bitcoin to gain financial freedom.”
Artur Schaback, co-founder of Paxful, said: “We’re thrilled to bring Paxful Pay to our global community. There is a clear need to offer local options for bitcoin and this product is a culmination of our efforts to deliver on that demand.
“By offering users the ability to complete purchases using almost 400 payment methods, they will now have an even stronger financial solution at their fingertips. We cannot wait to expand this offering to encompass as many merchants as possible.”
Meanwhile, the management of Paxful has explained that through Paxful Pay, businesses can manage their earnings and convert bitcoin into their local currency on the Paxful Marketplace using almost 400 payment methods.
At the launch of the service, Paxful has over a hundred merchants on Paxful Pay. As the company ramps up the service, it expects to onboard a selected number of new merchants in the coming weeks. From there, Paxful Pay will expand more generally.
