Consolidation inevitable in the crypto space, but Bitcoin is here to stay: Ray Youssef, CEO, Paxful

Market valuation of cryptocurrencies have tanked by more than 70 per cent during the past eight months. Ray Youssef, co-founder and CEO of Paxful, a P2P exchange, explains where cryptocurrencies are headed. He says it’s time to build platforms that are real and empowering–that make it easier for everyone to take control of their financial future to remit money, make international payments, or even collect donations in hostile territories. India is one of our fastest-growing markets and our goal is to educate, train and inform people about the adoption of bitcoin. Bitcoin enables businesses to make quicker transactions without dealing with traditional financial methods. For me, Bitcoin is not about a speculative asset class, but it's about showing the true use Source