Alliance Between Paxful and Cointral Provides Easy Crypto Access and Liquidity in Turkey

Alliance Between Paxful and Cointral Provides Easy Crypto Access and Liquidity in Turkey

NEW YORK, Oct. 12, 2020 /PRNewswire/ — Known for its abundance of payment methods and mission for financial inclusion, global peer-to-peer cryptocurrency marketplace Paxful joins forces with Cointral, a cryptocurrency trading platform and cash payment points in Turkey. The partnership will integrate the web-based Paxful Kiosk onto the Cointral platform giving its users access to diverse payment methods that Paxful presents. From bank transfers to gift cards, Cointral customers can choose from a variety of payments and currencies, making crypto purchases a truly seamless experience in the global market.  

A survey reports that nearly 20% of Turks have used or owned crypto assets. Following the recent devaluation of the local currency, Lira, the government decided to focus on blockchain adoption as part of its economic roadmap, including a proposal to design a Central bank digital currency based on blockchain technology. The country’s enthusiasm for crypto adoption is particularly beneficial to cryptocurrency marketplaces like Paxful, as Turkey sees a growing need for digital currencies.

“We’ve seen steady growth in Turkey for the past few months and it’s only fitting that we put more effort into the market. We are excited to partner with Cointral in bringing an easy fiat-to-cryptocurrency on-ramp and provide diverse payment methods for buying crypto to their user base,” said Ray Youssef, CEO, and co-founder of Paxful.

“In addition to our goal to maximize the quality of our operations in Turkey, we plan to pursue our objective of being a pioneer in the use of cryptocurrencies in the world with global partnerships. We are pleased to offer a professional variety of payment methods to our users with our partnership with Paxful,” said Ugur Hakan Cakan, Cointral Chairman of the Board and CEO. 

Paxful is a platform that allows users to buy and sell Bitcoin and other cryptocurrencies with more than 300 payment options. In addition to the crypto-currency trading, Cointral offers a wide array of services with features such as OTC for high-volume operations, P2P, a first in Turkey, quick-swap, and cash purchases.

After registering on Cointral, you can buy Bitcoin through Paxful by selecting Paxful on the buying page.

About Paxful

Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten underbanked around the world to have control of their money using peer-to-peer transactions. The company has over 4.5 million users globally and you can instantly buy and sell Bitcoin (BTC) and Tether (USDT) using over 300 different payment methods.

About Cointral

Cointral offers a wide range of services to users, such as OTC where users can make high-volume transactions, P2P, Cash, credit card and Quick exchange, as well as trading cryptocurrencies.

Users who are members of Cointral can earn 25% reference income for each transaction made with the reference code.

Media contact:

Nina Paragoso
[email protected]

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Bitcoin Price Prediction: BTC/USD Bulls Kick Off Today With A Retest of $11,200 Low

Bitcoin Price Prediction: BTC/USD Bulls Kick Off Today With A Retest of $11,200 Low

Bitcoin (BTC) Price Prediction – October 12

The Bitcoin (BTC) is moving confidently above $11,500 as the bulls now focus on the potential $12,000 resistance.

Key levels:

Resistance Levels: $12,000, $12,200, $12,400

Support Levels: $10,900, $10,700, $10,500

After a weekend rally, BTC/USD fell sharply this morning to start off the new week. Immediately after touching the low $11,187, the number one cryptocurrency starts rocketing higher above the 9-day and 21-day moving averages to touch a daily high of $11,600 where the bulls are now attempting to hold strong if the coin remains above the moving averages.

According to the daily chart, it is important for BTC/USD to remain above $11,500. However, if the coin is rejected here, a retest of $10,000 support could be next. Meanwhile, after six successful bullish days, the bears may not let the support level of $11,000 to survive if the price action returns. Nevertheless, we can see that the price is currently hovering at $11,452 near the upper boundary of the channel. This is a critical area for BTC to hold above and cross the upper channel if the bulls manage to maintain their current momentum into the close.

As things stand now, the next important resistance level may be at $11,800 and this will undoubtedly be an area of high selling pressure as BTC/USD approaches the psychological, all-important $12,000 level, it may need a considerable trading volume to the additional resistance levels at $12,200 and $12,400 as the RSI (14) is moving towards the overbought region. In other words, any bearish movement could lead the cryptocurrency to the support levels of $10,900, $10,700, and $10,500.

Looking at the 4-hour chart, BTC/USD is currently trading around $11,574 and above the 9-day and 21-day moving averages after a reversal from $11,187 that occurs today. However, the 4-hour chart shows that the bullish supply is now heavy in the market as the bears couldn’t bring the price down.

Moreover, if the buyers continue to strengthen and energize the market, they can further push the price to a $11,750 resistance level. Therefore, breaking the mentioned resistance may likely allow the bulls to touch the $11,850 and above. In other words, the RSI (14) is currently moving within the overbought region, but when it turns down; the bears could bring the price to the supports of $11,300 and below.


Author: By TeamMMG

Digital transformation is critical for financial services | Technology & AI

Digital transformation is critical for financial services | Technology & AI

The issues that digital transformation solved for particular person banks and different monetary companies corporations 10 to 20 years in the past may assist total markets right this moment.

There’s a grimy secret on the coronary heart of the enterprise software program {industry}: we by no means completed what we began. We digitised and remodeled the operations of the world’s largest corporations. However outdoors industry-level achievements akin to SWIFT and CLS, the markets through which right this moment’s corporations function look the identical right this moment as they did fifty years in the past. Digitising total markets is the brand new alternative and enterprise blockchain is the important thing to delivering on this. 

The emergence of ‘middleware’ again within the late 90s and early 2000s provides an ideal instance of this. Middleware grew in reputation as establishments got here to the realisation that they’d a rising subject: they’d constructed or put in dozens and even tons of of purposes on which they ran their companies, but none of those methods talked to one another correctly.

Enterprise IT methods inside companies have been fully out of sync, requiring armies of individuals to re-key info left, proper and centre. The ensuing mess got here at a colossal expense to banks and different monetary companies establishments throughout the globe.

The answer to this drawback started modestly, with the introduction of software program that actually sat in the midst of purposes and related them to one another. If a related motion occurred in a single utility, it could be forwarded to the opposite one. These early merchandise have been basically ‘e mail for machines’ and spawned the start of a brand new {industry}: ‘enterprise middleware’.

Over time, these merchandise advanced in order that corporations have been capable of determine all of the routine processes that came about throughout their enterprise and automate them as a lot as potential, guaranteeing knowledge flowed the place it ought to and when it ought to.

Whereas the time period ‘middleware’ is typically used disparagingly right this moment, the arc of progress from methods that might barely speak to one another to methods that have been orchestrated to realize an optimised enterprise end result is astounding as we glance again on the collected achievements that have been delivered. In the end, nonetheless, this evolution was taking place solely on the degree of the person agency.

Few firms again then even considered optimising the markets through which they operated. How may they’ve? Little of the software program was designed to do something apart from be a part of collectively methods deployed in the identical IT property.

Quick ahead to right this moment, nonetheless, and monetary companies corporations are on the finish of their middleware-focused optimisation journeys and are embarking on the subsequent, as they migrate operations to the cloud. However the query of inefficiencies between corporations stays open. Take probably the most trivial instance in funds: 

“I simply wired you the funds, did you get them?”

“No, I can’t see them. Which account did you ship them to? Which reference did you employ? Are you able to ask your financial institution to chase?”

How can we be virtually a fifth of the way in which via the 21st century and nonetheless settle for misplaced funds as a every day incidence? How is it potential that if one occasion agrees with one other that it owes it cash, such a large number will be created once they attempt to pay one another?

The intra-firm issues that led to the emergence of middleware 20 years in the past are exactly those which are nonetheless making inter-firm enterprise so inefficient.

The journey particular person corporations went on, from messaging to integration, orchestration and course of optimisation, is now a journey that total monetary markets can go on. The issues that couldn’t be solved again then with out altering the construction of the market via the introduction of a brand new central participant at the moment are ones we’re totally able to fixing 

However what has modified? The simplistic reply is “enterprise blockchain.” Whereas correct on the floor, this reply is lazy as a result of not all enterprise blockchains have been designed for a similar function, and the enabling expertise and surroundings will not be all-new – for instance the maturation of crypto methods, consensus algorithms and the emergence of {industry} consortia.

However the explosion of curiosity in blockchain expertise was a catalyst that made the monetary companies {industry} – and the expertise corporations serving it – realise that perhaps it may transfer to widespread knowledge processing and never simply knowledge sharing on the degree of markets and, in so doing, completely remodel them for the higher.

Transferring from a world the place everyone builds and runs their very own distinct purposes, that are endlessly out of sync, to 1 the place everyone is utilizing a shared market-level digital utility, dramatically drives down deviations and errors. 

And this may be achieved by making use of the important thing insights from the blockchain revolution to make sure the info that each events to a transaction care about – akin to who can replace which data, when and in what methods – are documented in deterministically executed code in a means that eliminates essential sources of error or alternatives for inconsistency. 

By figuring out and ruthlessly eliminating all of the locations the place disagreements, ambiguity and doubt can enter the method, it permits the remainder of the method to be executed like a practice on rail tracks. And identical to trains, if two of them begin in the identical place and comply with the identical observe, they’ll find yourself in the identical place on the finish. Whereas this will likely appear trivial, it may radically remodel processes that monetary establishments depend on, from funds to commerce finance, syndicated lending, id administration and way more. 

Enterprise blockchain platforms obtain a few of their magic as a result of they make seemingly trivial enhancements to inter-firm enterprise processes and, in so doing, dramatically drive up ranges of automation and consensus. These platforms will sit on the coronary heart of the monetary markets of tomorrow, offering the final word cross-industry middleware.

If the primary fifty years of economic expertise have been targeted on optimising the operations of particular person corporations, the future will undoubtedly be about digitising total markets. That is the final word promise of enterprise blockchain expertise for monetary companies and past.

This text was contributed by Richard Gendal Brown, CTO, R3 

Learn the October 2020 version of here 


Alliance Between Paxful and Cointral Provides Easy Crypto Access and Liquidity in Turkey

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