Damn this one blind sided me, first localbitcoins now Paxful, looks like the choke point continues
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are they going after P2P exchanges? Is Binance next? Right now Binance is the only option left for P2P trading in Indian currency, today is the first time I have heard of Noones. It has a very similar UI to Paxful, maybe it is Paxful rebranded itself. But sign up isn't available, as it is showing "invite only" at the moment on the sign up page.
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From the spaces he said its a combination of things, compliance is taking up a lot of their operational cash, but also their co-founder is suing and truing to get them to sell the company or give him a deal to let go of his share
If you are already a paxful member you can just move over to noones, theres a migration option and you can use your same account and any balance you have will be moved over, so far orders are coming in but noones doesn't have lightning set up seems to be the only difference
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Where can I find this migration option on Paxful? Both sites have a similar UI, it seems Noones is by Paxful itself.
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Login to your paxful account go to your dashboard or wallet, there should be a banner at the top that says migrate
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Join spaces to know more (in 5 mins)
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Then They Fight you
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Going to be interesting who takes the other side of the bet that the west (🇺🇸🇬🇧🇪🇺🇨🇦🇦🇺) seem to be making.
Game theory will go into overdrive in these next 5 years.
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Paxful’s CEO wrote a blog post in response to the news here.
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While I cannot share the full story now, I can say that we unfortunately have had some key staff departures.
Heard that from a lot of companies post covid / since high inflation period.
Management on all parts of the economy are not ready for this paradigm shift in the next decade. Hiring has been a problem for some time now but loosing staff will wipe out more businesses. And the most egregious thing is when management has been warned multiple times before the big bang happens and seniors quit.
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Will crypto conversion from ETH to BTC still work?
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This makes me sad. Bough my first BTC on Paxful.
btw I'm loving Robosats!
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