BitMart Forms JV with Paxful, Moves to Enter the Peer-to-Peer Financial Revolution


BitMart Exchange, a digital asset trading platform has entered into a joint venture with peer-to-peer payment logistics platform Paxful in a move that will see BitMart join the fast-growing peer-to-peer financial revolution.

With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits.

“BitMart’s mission is to offer convenient financial service in the crypto market,” said Sheldon Xia, Founder & CEO of BitMart. “We’ve opened credit/debit card deposit service last year with the EU authorized financial institution – Simplex. By offering users with more payment options, BitMart aims to lower the barriers to entry for new adopters of digital currency investment.”

Paxful which allows direct bitcoin transactions to be made from user to user, eliminating third-party interactions offers more than 300 ways to pay for purchasing digital assets and every user gets a free digital wallet that lets them send, receive, and store bitcoin. By creating a simple, fair, and secure platform for buying and selling bitcoin, Paxful aims to bring financial inclusion to the underbanked and unbanked through peer-to-peer finance.

“We’re excited to integrate with BitMart in efforts to bring more trading options to emerging markets,” said Ray Youssef, CEO, and co-founder of Paxful. “It has always been our mission to provide financial freedom worldwide and we see this as the next big step in the financial revolution.”

BitMart Exchange will bring Paxful’s technology to its digital asset trading platform with over 600,000 users worldwide;