Bitcoin

<p>Noones, a financial communication app launched in 2023, has officially appointed Ray Youssef as its CEO with a visionary goal of reaching a billion daily active Bitcoin users within the next seven years.</p><h2 id="header-0">Empowering Global South financial freedom</h2><p>This <a href="https://www.pulse.com.gh/business/ray-youssef-assumes-ceo-role-spearheading-financial-empowerment-in-the-global-south/b4qvz2n" rel="noopener noreferrer nofollow">announcement</a> aligns with Noones’ mission to empower financial freedom in the Global South by streamlining the movement of money, liberating users from traditional banking constraints. Youssef believes that “Africa alone has the potential to make NoOnes a trillion dollar company but when you factor in the rest of the global south the sky’s the limit.”</p><p>Founded on the belief that peer-to-peer systems constitute the world’s only true free market and that Bitcoin represents the new global financial architecture, Noones seeks to uplift individuals in Africa, Latin America and Southeast Asia.</p><p>Startups in the digital assets space tend to be more international in nature than in any other sector. According to the firm’s <a href="https://www.linkedin.com/company/noonesapp/about/" rel="noopener noreferrer nofollow">LinkedIn</a>, Noones is headquartered in Dubai. Notwithstanding that, many of its team appear to be Estonia-based while its website’s terms of service specify Panama as being the relevant jurisdiction, making for a truly international setup.</p><h2 id="header-1">Moving on from Paxful turbulence</h2><p>Youssef, the former CEO of peer-to-peer crypto platform Paxful and a seasoned expert in strategic planning, product innovation, growth hacking and operations management, brings his wealth of experience to lead Noones. Youssef’s tenure at Paxful, where he played a pivotal role in the company’s success, underscores his ability to drive transformative change in the fintech industry.</p><p>However, Youssef’s departure from Paxful in April, amidst a legal dispute with Co-Founder Artur Shaback, marked a turning point. Paxful unexpectedly closed its operations amid a broader trend in the industry. Youssef attributed Paxful’s closure to the legal action initiated by Shaback, alleging a pursuit of significant financial gains. Shaback countered, stating that the dispute arose from differences in business direction and governance, accusing Youssef of migrating Paxful’s assets to his new venture, Noones.</p><h2 id="header-2">Promoting prosperity through bitcoin</h2><p>Despite the turbulence at Paxful, Youssef remains resolute in his commitment to leveraging Bitcoin for social good. While Noones, with its focus on decentralized financial opportunities, requires a Know-Your-Customer (KYC) onboarding process, Youssef continues to champion Bitcoin as a tool for poverty eradication and empowerment in the Global South.</p><p>Noones, under Youssef’s leadership, aspires to simplify financial transactions and provide decentralized, borderless opportunities to its users. Youssef envisions Bitcoin playing a crucial role in promoting prosperity in the Global South, with Noones aiming to create an interoperable pan-African clearing layer. This initiative aims to elevate intra-African trade, bringing it to levels comparable to intra-European trade.</p><p>In a <a href="https://www.finextra.com/pressarticle/99006/crypto-startup-noones-names-ray-youssef-as-ceo" rel="noopener noreferrer nofollow">statement</a>, Youssef expressed his confidence in the transformative power of Bitcoin, stating:</p><p>”For the past 8 years, I have fought for financial sovereignty for the Global South. Finally, I am glad to be able to fulfil the mission I began almost a decade ago. I’m confident that Bitcoin will play a crucial role in promoting the prosperity of our continent, and I’m thrilled and privileged to contribute to the company’s ambition and growth.”</p>

Paxful’s Ray Youssef heads up Noones financial app startup

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