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Paxful Expands Beyond Bitcoin, Adds Tether (USDT) To Its Platform

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– Global peer-to-peer bitcoin marketplace, Paxful, announced today the addition of Tether (USDT) to its platform. USDT belongs to a class of cryptocurrencies known as stablecoins. A stablecoin is a type of cryptocurrency whose value reflects an existing fiat currency (e.g. US Dollars). The inclusion of USDT, the world’s largest stablecoin by market value, will assist users in combating a volatile market, protecting their assets, and expanding their portfolio.

The industry has seen a surging demand for a stable digital currency amidst fears of an economic recession in both traditional and digital markets. In the last 12 months, Tether has established itself as a champion amongst stablecoins, with a market capitalization of over $13 billion.

“We consider this a big step for us since this is the first cryptocurrency other than bitcoin we have on the platform,” said Ray Youssef, CEO, and co-founder of Paxful. “We always listen to our customers. We understand that some come to Paxful for wealth generation and turn to crypto for stability when their national currency is affected by inflation. We hope that this can aid them to be more in control of their finances.”

The addition comes with a hedging option, allowing users to instantly convert BTC to USDT and vice versa, helping the users protect their funds during bitcoin price fluctuations.

The company also plans to enable USDT trading on the platform. Same as with the bitcoin (BTC) trading in the Paxful marketplace, users can buy and sell USDT with over 300 payment methods. The USDT balance is accessible via the wallet page, where the current market price for both coins is displayed. The launch of this feature marks Paxful’s first step towards potentially adding new cryptocurrencies in the future.

The company recently announced that the platform Paxful has hit 4.5 million registered wallets, reached 4.6 billion USD in trading volume, and reduced dispute levels to under 1%. Since inception, they have added 1 million users per year and so far in 2020 and are on track to sign up an additional 2 million users by the end of the year.

About Paxful:
Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company, founded in 2015, has over 4.5 million users globally who you can instantly buy and sell bitcoin with—using over 300 different payment methods.

As part of their mission, Paxful launched #BuiltWithBitcoin, a social good initiative to build 100 schools funded entirely by bitcoin all across emerging markets. Paxful was co-founded in 2015 by Ray Youssef, Chief Executive Officer, and Artur Schaback, Chief Product Officer.

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Ismaila Sarr: Manchester United And Liverpool Enter Battle For Watford Star’s Signature

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Manchester United’s hopes of signing their number one transfer target Jadon Sancho before the transfer window closes on October 5 are diminishing by the day.

Dortmund has made it clear to United that they won’t budge on their eye-watering £108 million asking price.

Man Utd wants to sign the England international, 20 but isn’t prepared to pay a transfer fee that they deem to be excessive.

Unless either club backs down, Sancho will remain a Dortmund player until January at the earliest.

With just over two weeks to go before the window closes, United are now considering other potential options.

And towards the top of their list of alternatives is Watford’s, Ismaila Sarr.

The Senegal international impressed last season, despite the fact Watford were relegated to the Championship.

The Independent understands that United would need to fork out at least £30 million to sign the 22-year-old, who joined the Hornets from Rennes in a deal worth roughly the same amount in August 2019.

Watford’s relegation has weakened their hand and Sarr is the club’s most valuable asset.

However, in the news that will no doubt concern the United hierarchy, Liverpool also want Watford’s No. 23.

This is according to The Daily Mail, who claim the Reds have enquired about the winger and discussed his situation with Watford.

Sarr, the Mail add, is being seriously considered as a back-up option for Liverpool’s front three.

The report also says that Watford would want at least £36 million for the attacker, who scored six goals and provided six assists in 30 appearances in all competitions last term.

Two of those goals were scored against Liverpool in February when Watford recorded a shock 3-0 victory over Jurgen Klopp’s side.

But The Independent say that Liverpool’s budget is constrained, particularly after agreeing a deal to sign Thiago Alcantara from Bayern Munich.

This, in turn, may put United in the driving seat for Sarr’s signature.

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Liverpool ‘Interested’ In Diego Jota

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Liverpool is reportedly interested in signing Wolves forward Diogo Jota. Jota’s absence from Wolves’ Carabao Cup defeat against Stoke on Thursday was shrouded in mystery.

The 23-year-old reportedly turned up at Molineux but left before the match started.

Jota was an unused substitute in Wolves’ 2-0 opening day Premier League win over Sheffield United on Monday.

And now Liverpool is said to be keen on the Portuguese star, according to The Times’ Paul Joyce.

After the 1-0 loss to Stoke, Wolves manager Nuno Espirito Santo was coy on what happened to Jota.

“He was not available for the game,” Nuno said.

“We have a short squad and all the options are good, but he and Max Kilman were not available for this game.

“He wasn’t available, these are decisions we have to make. We have to prepare the squad, have to know what is the moment of the season.

“It was a big turnaround, we have to take care of the players, improve our squad and our team and he was not available for the game. These are our decisions to make.

“I was watching the game. He was not on the squad list.

“There was no confusion. When a player is not on the squad list sometimes they see the match, if they are away, they stay at home.

“It’s because we have a bubble, we have to make a list, all those details. Nothing strange.”

Jota has been one of Wolves’ star players since their promotion back to the Premier League.

He initially joined the club on loan from Atletico Madrid in 2017, where he scored 17 goals to help them gain promotion out of the Championship.

Wolves made the deal permanent in 2018 and he has scored 16 goals in 67 Premier League appearances.

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Russian Billionaire Mikhail Prokhorov Denies Man Utd Takeover Bid

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Russian billionaire Mikhail Prokhorov has denied reports that he will be making an attempt to purchase Manchester United from the Glazer family, according to Daily Mail.

Reports of takeovers of Manchester United are becoming a regular occurrence but former Brooklyn Nets owner Mikhail Prokhorov has responded to rumors linking him with a takeover bid of Manchester United.

Prokhorov, who sold his remaining shares of Brooklyn Nets after initially being a sole owner, is reportedly looking to get involved in the sports industry again.

According to reports to the Daily Mail, however, the reports are said to be false: “Prokhorov, who invested heavily into the Nets before selling his share, is an individual who does have the wealth to fund such a deal but, for now, it seems he does not have any interest in a return to sports ownership,” the publication said.

Source have told the Daily Mail that Prokhorov, who has a valued net worth of over £8 billion by Forbes, has ‘no immediate plans’ to make a return to the sporting scene.

Manchester United fans will be glad to see the back of the Glazer family if that day comes but it won’t be Prokhorov who takes the club off their hands – for now.

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