Paxful, a peer-to-peer Bitcoin marketplace, announced this Thursday that it has integrated onto global digital asset trading platform, BitMart. The collaboration aims to increase liquidity and scalability in the cryptocurrency industry.
The partnership with Paxful brings the BitMart platform into the peer-to-peer financial ecosystem, making it one of the only exchanges to enter into the sector. In addition, users of the platform will be able to make payments via Paxful.
One of the main features that have spiked interest in Paxful is the wide range of payment methods it can accept. Customers of the Bitcoin exchange can make bank transfers, cash deposits, gift-cards, e-wallets, PayPal, MoneyGram, and Skrill, among others, to enable investments in Bitcoin.
These payments are made directly to the platform, eliminating the need for third-party interference. Furthermore, when a customer signs up to Paxful, they also receive a free digital wallet that allows them to send, receive and store Bitcoin.
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While customers of BitMart have more payment options to choose from under the collaboration, clients of Paxful also receive direct access to the digital asset trading platform, which has more than 180 additional trading pairs.
Commenting on the collaboration, Ray Youssef, CEO and co-founder of Paxful said: “We’re excited to integrate with BitMart in efforts to bring more trading options to emerging markets. It has always been our mission to provide financial freedom worldwide and we see this as the next big step in the financial revolution.”
Paxful and BitMart Aim to Facilitate Access to the P2P Finance Sector
According to the statement, the ultimate goal of this integration between the two companies is to provide education and opportunities for their clients, as well as give the unbanked, underbanked, and overbanked access to the peer-to-peer financial ecosystem.
“BitMart has always been a mission to offer convenient and secure financial services in the crypto market. An integration with a revolutionary company such as Paxful allows us to bring digital asset trading to those who would otherwise not have had the access,” added Sheldon Xia, Founder & CEO of BitMart.
“With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits, lowering the barriers to entry for new adopters of digital currency investment,” Xia continued.