The founder of peer-to-peer crypto trading company Paxful has stated that three prominent crypto assets would not be included to its market.
Ray Youssef, co-founder of Paxful, has stated that he would not be noting smart contract platform Cardano (ADA), privacy-focused crypto currency Monero (XMR), and Bitcoin (BTC) competitor Litecoin (LTC).
It would be “uncivilized,” according to Youssef, to include these digital assets alongside Bitcoin and stablecoins, which Paxful already offers.
“I am not including Litecoin, Cardano or Monero. We have bitcoin and stables, to include the rest would be uncivilized.”
Youssef’s comment comes only a few days after Ethereum (ETH), the second-largest crypto asset by market size, was delisted, claiming that the top cryptocurrency is really just another sort of fiat money.
Youssef goes on to defend his conduct against individuals who claim that opposing fiat money while recognizing stablecoins is hypocritical because stablecoins are often tied to government-issued fiat dollars.
Stablecoins, according to the co-founder, greatly help persons in dire financial situations.
“Anybody calling me a hypocrite for supporting stables and getting rid of eth is live in a smarmy tech bubble and has never ever ever listened to a single individual in the global South about their everyday fights with financial apartheid. Your technology and technicality imply nothing. Initially, people!”
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Though Youssef only lists BTC and stablecoins on Paxful, he claims to be a Bitcoin “optimalist” rather than a Bitcoin maximalist.
“I consider myself a Bitcoin optimist rather than a maximalist. I am not a lover of technology and do not extol it. I help people and use technology where it can help the most. Other tasks are valuable, but we need all available momentum behind one cleaning layer RIGHT NOW, which is Bitcoin. This is the procedure.”
