Wilmington, DE, October 15th, 2024,
Chainwire
Paxful, the global payment network for
people-powered money announced a major upgrade to its brand and
products for 14 million total Paxful users in over 140
countries:
- A totally reinvented mobile and web P2P trading experience,
designed for smoother trades, getting you the right information at
the right time, and keeping you secure.
- Dozens of core product updates including the industry’s lowest
fees on cryptocurrency swaps, plus the addition of nearly a hundred
new payment methods.
- Major improvements across safety, security, and support -
merging the best of expert talent and the latest in AI.
New Brand, New App, New Team - Same Mission
Founded in 2015, today’s announcement represents the biggest
change to Paxful’s brand and core products since its founding, and
a breath of fresh air for peer-to-peer markets.
Paxful’s modern rebrand emphasizes simplicity, delivered across
updated web and mobile products, and is designed from the ground up
based on years of marketplace data and daily user feedback.
This inflection point comes as the team approaches 100 members
around the globe under the leadership of Paxful CEO Roshan
Dharia.
Dharia says, “We built an incredible team that works
tirelessly to connect with our users, improve our marketplace, and
keep everyone safe. Then we listened, built, and optimized
everything about Paxful, inside and out. The result is a brand new
Paxful, with the best designed app in peer-to-peer, loyal to its
founding mission: building a financial system for the
100%”
The Best of Human Ingenuity and Cutting-Edge Technology
Paxful is modernizing key areas of its business through the
integration of AI, resulting in faster trades, more intuitive
support, and enhanced scam prevention. By leveraging a substantial
dataset of historical information alongside expert human input,
Paxful's AI tools are enabling the company to accomplish more with
better results:
- Safety - Paxful has strengthened its
compliance and identity programs by integrating crypto forensics,
layered identity screening, and process automation, all supported
by a dedicated compliance team. These enhancements facilitate
quicker onboarding while reducing risks like identity theft and
blocking high-risk transactions, ultimately protecting users from
known scams and maintaining the marketplace's integrity.
- Security - Supported by a global 24/7 support
team, Paxful’s security suite continually scans thousands of data
points from its marketplace to prevent scams. Repeat offenders are
barred from rejoining, fostering a safer marketplace for all
users.
- Support - By pairing AI with expert
moderators, Paxful has achieved resolution times that are 2.3 times
faster than the industry average. This efficiency is complemented
by newly launched features such as Live Chat support and a
streamlined knowledge base available for self-service, ensuring
that users retain access to the human touch in support
interactions.
About Paxful
Paxful is the world’s largest people-powered marketplace,
connecting over 14 million users across 140+ countries to move,
earn, save, and store money - even without a bank account. Founded
in 2015 and based in the United States, Paxful offers safe, fast,
and reliable access to the global economy through cryptocurrencies
bought and sold on a borderless peer-to-peer payment network. With
over 300 payment methods for accessing Bitcoin, USDT, and other
popular digital and local currencies, Paxful is building a
financial system for 100%.
Users can visit Paxful at https://paxful.com
For queries, users can visit reach out to media relations at
email: press@paxful.com
Contact
Elliot
Ledley
Elliot@EnergentMedia.net