Paxful is stepping up to the plate and lending a helping hand! The global peer-to-peer Bitcoin platform has announced that it will provide almost nine bitcoin worth ~$250,000.00 to its Paxful Earn users who were affected by the collapse of Celsius. This generous act of goodwill will transfer these funds to Paxful wallets this week, bringing much-needed relief to those impacted by the unfortunate situation.
Ray Youssef, CEO and Co-Founder of Paxful, is leading the charge with one of the world’s largest peer-to-peer bitcoin marketplaces. Paxful gives people a simple, fair, and secure marketplace for trading bitcoins. Paxful recently made headlines for delisting Ethereum from its platform, claiming that it is a digital form of fiat. The saga began when Paxful launched their Earn program in partnership with Celsius, offering users a chance to earn a yield on their Bitcoin — but when things went south for Celsius, users found themselves unable to retrieve their funds from the platform, leaving Paxful stuck in limbo as well. Paxful is demonstrating its commitment to the crypto community and its members by providing these funds to those affected.
Customer trust is hard to earn and even harder to keep. We can all be grateful that Paxful is taking such positive steps to support those impacted by this situation — lending a helping hand at a time when it’s needed most! So a huge thank you to Paxful for doing what they can to make things right.
We look forward to seeing the good deeds continue!