The post Building Paxful and Beyond: Ray Youssef’s True Vision appeared on BitcoinEthereumNews.com.

Ray Youssef built Paxful to give financial access to millions underserved by traditional systems across Africa and Asia. After leaving Paxful, Ray focused on decentralization by launching Noones and promoting Bitcoin as a tool of financial freedom. Ray Youssef may not have been born with a silver spoon in his hand, but his passion was evident from an early age. Born in Egypt and raised in New York City, he grew up helping his parents run a newsstand on the corner. Imagine an eight-year-old who already knew how to serve customers and count change faster than a cash register. This experience not only shaped his work ethic, but also honed his business instincts that would later take him into a wider world. Entering his teenage years, Ray spent his time learning to code autodidactically. A choice that not many young people chose at that time. At the age of 19, he had succeeded in building a ringtone business, which at that time was like selling hot cakes on the side of the road. However, his life journey was not always smooth. Eleven times he founded a business, eleven times he had to swallow the bitter pill of failure. For many people, it might be enough to give up and return to a “safer” path. But Ray chose to persist. Ray Youssef: Building Paxful and Changing Lives Beyond Transactions A major turning point came in 2015 when Ray Youssef co-founded Paxful, a peer-to-peer Bitcoin marketplace. He believed that Bitcoin was not just a speculative tool, but a way out for many people who were underserved by the traditional financial system. While in developed countries we can easily open a bank account with just a mobile phone, it is different in Africa and Asia. In many places, accessing financial services is still…

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Filed under: News - @ April 27, 2025 2:17 pm