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Ray Youssef is an entrepreneur who knows the political, social and economic situation that Venezuela is currently experiencing. The executive of Paxful, the bitcoin trading company that operates in more than 200 countries, is aware of the scenarios facing millions of Venezuelans seeking help facing the country's economic problems.
Youssef said his company plans to open an office in Venezuela in September and launch an application for Android mobile devices in October. The intention of the start-up to set up in the country covers two fronts
The first is to take advantage of growing interest in cryptocurrency to exchange and generate greater profitability to the business model of the company. . The second is to offer an alternative to the population to minimize, through the crypto-active effects, the negative effects of inflation. In addition, another objective is to develop social work for the benefit of the most needy: women and children.
CriptoNoticias has contacted Youssef to find out more about start-up plans for operations in the country, which includes launching an application it will include calculators for currencies such as bolivars that are losing value in the face of the inflationary push.
The developer also presents the social achievements that have been achieved in African countries, as a demonstration that things in Venezuela can also change for the better. Here are your answers from New York
How long have you been thinking about this idea? What are your expectations?
We have been working on this for a month. We see tremendous potential for establishing a peer-to-peer (P2P) network and helping people there. If we can get an application that is simple enough and can be used day-to-day then we are sure that they will see a new world of possibilities and a return to the normal life that they once had.
At least it's going to make life Everyday life is easier for the average person, who includes the single mother who has trouble buying milk and diapers for her children. These are the people we want to help every day, every day
Have you made contact with a government institution to open the office in the country?
Not yet, but we hope to start soon. We are willing to meet directly with the government. I would like to meet Maduro and explain our plans. We want to work with the government to make life easier for people. We are just beginning to engage in legal advice.
Could you provide more details on the opening of the country office? Do you have an estimated date for your visit?
We have not selected any sites. We hope to get the visa soon.
How was Paxful's work in Latin America? In which countries do they have operations?
We are very new to Latin America, but we are the main market for P2P cryptocurrency in Africa. We are only trying to help where we can do good for the people who need it the most.
There are many people who look more closely at the cryptocurrencies, especially with the opening that there is in the country What do you think?
We are very impressed with Venezuela for its attitude and vision, we want to sponsor education in the country.
What has been the experience in Africa?
Office in Nigeria and we are building an incubator for cryptography startups. We have also built our first school in Rwanda and we are building the second one right now. We plan to build 100 schools worldwide
Relations between the United States and Venezuela remain tense, do you think this could be a difficulty for your project?
As an American society, we must respect the law. We do not see any short-term obstacles where faith, good manners and sincere respect can not be managed. We are very optimistic, we know that P2P finances can improve the situation and show everyone a better way.
At what stage is the development of the mobile application?
The application has entered the phase On the phone, we are looking for people who really want to help us with comments and tests. Our goal is to make a difference in people who work with the shared payment app; it is so simple that it makes the bitcoin invisible, which allows the buyer and the merchant to interact more easily. This generates that the common person can keep the value of his work with confidence. It all comes down to helping people on a daily basis.
Paxful is a decentralized platform for the purchase and sale of bitcoins that allows you to negotiate with different payment methods, including credit and debit cards. Africa is one of its major markets, and during the month of March the volume of trade in several countries of this continent has increased significantly
Featured image from allexxandarx / stock.adobe .com
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