Civilization Kit: Paxful Co-Founder Ray Youssef Plans to launch a new P2P Trading Platform
On April 5th, it was announced that after Paxful announced the suspension of operations in the Bitcoin peer-to-peer trading market, Paxful co founder Ray Youssef plans to launch a
On April 5th, it was announced that after Paxful announced the suspension of operations in the Bitcoin peer-to-peer trading market, Paxful co founder Ray Youssef plans to launch a new platform called Civilization Kit (Civ Kit). Youssef stated that Civ Kit is a decentralized peer-to-peer Bitcoin trading application built on the decentralized social protocol Nostr supported by Jack Dorsey, and its white paper will be released within a week or two. （CoinDesk）
Paxful Alliance to Launch a New Bitcoin P2P Market Civilization Kit Based on the Nostr Protocol
Introduction
With rapidly evolving technologies, digital currencies and blockchain-based projects, the cryptocurrency industry is witnessing many changes. Paxful has announced the suspension of operations in the Bitcoin peer-to-peer trading market, but Paxful co-founder Ray Youssef’s new project, Civilization Kit (Civ Kit), is all set to launch soon. In this article, we will explore the details of Civ Kit’s decentralized peer-to-peer Bitcoin trading application.
The Background: Paxful’s Suspension of Operations
On April 5th, 2021, Paxful announced the suspension of its operations in the Bitcoin peer-to-peer trading market. This suspension left many Paxful users feeling stranded and without any alternatives. Paxful co-founder Ray Youssef plans to launch a new platform to fill this gap.
The Solution: Civilization Kit (Civ Kit)
Civilization Kit (Civ Kit) is a decentralized peer-to-peer Bitcoin trading application that is built on the decentralized social protocol Nostr, which is supported by Jack Dorsey. Civ Kit aims to provide an alternative for those who were affected by Paxful’s suspension of operations. Ray Youssef stated that the white paper for Civ Kit will be released within a week or two.
What Is Civ Kit?
Civilization Kit is a peer-to-peer Bitcoin trading platform that aims to create a fair system of trading without the need for intermediaries. It will be built with the help of the decentralized social protocol Nostr, which is supported by Jack Dorsey. Civ Kit is designed not only to solve the problem created by Paxful’s suspension of operations but also to provide a new approach to Bitcoin trading. By using Civ Kit, users can conduct transactions on a peer-to-peer basis without the need for a central authority.
Civ Kit’s Features
Civ Kit comprises the following features:
#1. Decentralized
Civ Kit is a completely decentralized platform, which means that there will be no need for any intermediaries to conduct transactions. Users can trade with one another directly.
#2. User-Friendly Interface
Civ Kit’s interface is designed to be user-friendly, with an intuitive and simple design that will make it accessible to all.
#3. Secure
Civ Kit’s design prioritizes security. As a result, users can conduct transactions with peace of mind that their assets are protected.
#4. Low Fees
Civ Kit aims to provide a cost-effective Bitcoin trading platform, with low fees and no hidden charges.
Conclusion
Ray Youssef’s Civilization Kit (Civ Kit) is set to launch soon, offering a decentralized peer-to-peer Bitcoin trading platform for users. Civ Kit provides a solution for those affected by Paxful’s suspension of operations in the Bitcoin trading market. Civ Kit’s whitepaper will be released soon, and we are excited to see how it’s going to change the crypto industry.
FAQs
#1. What is Civ Kit?
Civilization Kit is a decentralized peer-to-peer Bitcoin trading application built on the decentralized social protocol Nostr and created by Paxful co-founder Ray Youssef.
#2. What are the features of Civ Kit?
Civ Kit is a decentralized platform that offers a user-friendly interface, low fees, and prioritizes security.
#3. What problem does Civ Kit solve?
Civ Kit provides an alternative for those affected by Paxful’s suspension of operations in the Bitcoin peer-to-peer trading market.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/13617/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Axis Infinity’s Future Plans for P2E Model
It is reported that Axis Infinity plans to adopt a \”more active\” strategy for the encrypted tokens earned by players in 2023, which indicates that the P2E mode…
-
Why can Bitcoin be traded on a platform
Why can Bitcoin be traded on a platform? Why can Bitcoin be traded on a platform? Today we will talk about why Bitcoin can be a trading platform Firstly, it should be noted that Bitcoin’s trading platform is built to provide services to people through the internet. It is a very convenient and secure choice for users to buy, sell, hold, and transfer digital assets on the platforms they use; At the same time, they can also create value for their own funds and achieve financial freedom. Secondly, as Bitcoin itself is a highly innovative and promising financial product, it is also very attractive for an ordinary investor. However, with the development of technology becoming more and more mature, and the demand of mainstream society for Cryptocurrency is also increasing, so exchanges, as a relatively important Medium of exchange, have become the focus of many people’s attention, because they enable traders to easily access various types of digital assets, thereby…
-
Foreign media: El Salvador National Crypto Wallet Chivo is currently marking and freezing Wasabi related transactions
On April 8th, multiple sources stated that the Bitcoin wallet Chivo issued by the Salvadoran government has been freezing the wallet and requesting the owner to verify the source o
-
Bitmama Completes Pre-Seed Financing Round with Investment from Adaverse
According to reports, the Web3 payment platform Bitmama has announced the completion of a pre feed round of financing, with the specific amount of financing not yet disclosed. The
-
DeFi Developer Primitive Launches New Product to Revolutionize Cryptocurrency Trading
According to reports, DeFi infrastructure and product developer Primitive will launch a new product Portfolio, which can create multilateral liquidity positions at a low cost and b
-
dForce Temporarily Halts USX Casting from LSR to Mitigate Counterparty and Market Risk
On March 11, the official of the DeFi agreement dForce said on social media that in order to mitigate potential counterparty risk and market risk, we temporari…
-
Introduction
According to reports, U.S. Republican Senator Rick Scott and Democratic Senator Elizabeth Warren have announced legislation to establish an independent inspector general at the Fed
-
ETH 2.0 Deposit Contracts Reach Record High
According to reports, Glassnode data shows that the total value of ETH 2.0 deposit contracts has reached a record high, with a value of 17109063 ETH.
The total value of ETH 2.0 dep -
Bank and Insurance Sector Struggle as Stock Market Takes A Hit
According to reports, the three major US stock indexes collectively ended lower, with the Dow down 1.2%, the Nasdaq down 0.74%, and the S&P 500 index down 1.1%. Banking and insurance sectors led the decline, with Bank of the First Republic falling more than 32%, and most popular technology stocks falling. The three major US stock indexes collectively ended lower, with the S&P 500 index down 1.1% Analysis based on this information:The recent decline in the US stock market is causing concern among investors worldwide, as the downward trend is sweeping across all major indexes, including the Dow, Nasdaq and S&P 500. This trend, brought about by the weakened banking and insurance sectors, has resulted in sharp declines in the stock market for the last few days. The Bank of the First Republic’s fall of more than 32% is only the latest event in a string of struggles for banks and insurance companies. As the COVID-19 crisis drags on, many…
-
Managing Risks Related to Artificial Intelligence in Banking: Insights from Federal Reserve Governor Waller
According to reports, Federal Reserve Governor Waller stated on April 20th that as more and more financial institutions use artificial intelligence for customer service application
-
Clarins Precious embraces NFTs and AR experiences in the beauty industry
It is reported that French skin care brand Clarins Precious will launch the first 325 NFT series and AR experience, which users can own and display in digital …
-
The Growing Role of Metauniverse in Digital Publishing Industry
It is reported that on February 23, the 12th Digital Publishing Expo \”Digital Publishing and Meta Universe Industry Development\” seminar was held at Renwei Hot…
-
Platypus to Repay Users After Recovering Stolen Funds
It is reported that Platypus, the DeFi agreement, said in a blog post that it would repay users at least 63% of the funds after successfully recovering part of…
-
South Korea is expected to discuss the proposal for a virtual asset supervision system
On April 25th, it was announced that the Political Affairs Committee of the South Korean National Assembly will once again discuss the proposal for a virtual asset supervision syst
-
The Reality Behind the Bank of First Republic of America’s Recent Stock Market Downtrend
It is reported that the stock market of Bank of First Republic of America fell more than 60%. After Silicon Valley Bank, the bank was also run late last week. Earlier today, the bank said that its unused liquidity funds exceeded 70 billion US dollars and its financial position was very stable. Bank of America’s First Republic fell more than 60% Analysis based on this information:The recent news about the Bank of First Republic of America (FBRA) has caused quite a stir in the financial world. Following the downtrend in the stock market of Silicon Valley Bank, FBRA’s stocks reportedly fell over 60 percent, leaving investors questioning its financial position. However, the situation is not as dire as it seems. The bank recently announced that its unused liquidity funds sit at over $70 billion, indicating that it is indeed financially stable despite the stock market trend. The interpretation of this news highlights the significance of understanding that the stock market…
-
Understanding Cryptocurrency: A Comprehensive Guide to ChatGPT, Arbitrum, Twitter, and Litecoin
7: 00-12:00 Keywords: ChatGPT, Arbitrum, Twitter, Litecoin
Summary of important updates during the afternoon on April 19th
Cryptocurrency has revolutionized the world of finance an