Crypto platform Paxful removes ETH from its marketplace
Paxful CEO Ray Youssef highlights Ethereum’s move to proof-of-stake, perceived centralization and token minting ability as reasons for the move. Peer-to-peer cryptocurrency marketplace Paxful has removed Ether (ETH), Ethereum’s native token, from its marketplace , citing a number of concerns around the world’s second-largest cryptocurrency by market capitalization. Paxful CEO Ray Youssef announced the move in a message to some 11.6 million users of the platform, which he subsequently shared on Twitter. We finally kicked # Ethereum off our marketplace . 11.6m humans safer. Integrity over revenue Who is next ? pic.twitter.com/JTJXa5RYJ8 — Ray Youssef (@raypaxful) December 21, 2022 Youssef highlighted three major concerns around the Ethereum ecosystem which led to the marketplace removing ETH, citing Paxful’s intent to maintain its integrity and efforts to combat ‘economic apartheid’ around the world driven by fiat monetary systems: “I want to see a world where Bitcoin frees billion...