“On Purpose” host Tyrone Ross is joined by Ray Youssef, CEO of Paxful. Youssef brings history-backed answers to philosophical questions about the true value of money and how corruption has wormed its way into financial systems. He introduces some historical analogs to peer-to-peer networks and delves into how his own personal history led him to founding Paxful.
Youssef describes Paxful as a “barter for money,” where users can exchange among 400 different payment forms, ranging from crypto tokens to gift cards. More than just a digital money exchanging tool, Paxful is a platform for the historically underserved to get online and get transacting, despite the lack of access through their governments or banks.
In the end, Youssef believes that “when humans can actually transact with each other … we’re creating more and more value.”