Paxful, a leading e-commerce company, has rolled out an ambitious plan to sell Bitcoin through an affiliate program. The new program is more competitive than anything else its competitors have on offer now. It could force other companies to readjust their rates to be more competitive. Failure to that, Paxful could end up taking over the Bitcoin trade industry.

How It Works

As of now, Paxful has contracts with a number of vendors. They are responsible for selling the Bitcoin directly to the market. However, this system can be quite constraining. For one, the internet is huge. Thus, one would need hundreds of thousands of vendors to reach all corners of the internet. Launching an affiliate program was the only natural step Paxful was going to take. However, the difference is how competitive it is compared to what others offer.

What informed Paxful’s Decision?

Ray Youssef and Artur Schaback formed the company. Besides these two, the firm’s operations are run by six brilliant minds. The new firm is already making quite a few ripples in the Bitcoin world. It is one of the most trusted mainstream sources of getting Bitcoin. The launch of the affiliate program has been well planned. As of now, demand for Bitcoin has been skyrocketing. It is expected to cause a major upsurge in the price in just a few weeks. As a result, it could mean that more people are interested in their affiliate program. The firm offers better terms than most other firms on average in affiliate marketing.

The founders believe that the model of selling Bitcoin is what limits its potential. Due to the small percentage offered to affiliate marketers, only the exchanges make money. It limits the number of people willing to join such a program. However, Artur and Ray believe they can reverse this trend. According to them, studying Google AdSense has revealed to them where the main problem lies.

The internet relies on content to survive. However, when Google first launched, they attempted to horde all the profits. As a result, incentives for creating content for their users were quite low. When the AdSense program launched and offered content creators value for their time, Google exploded into a mega corporation. The two founders believe that content creation is what will drive the future of Bitcoin. As a result, they need to ensure they build a sustainable ecosystem. It could turn what is a hobby for most content makers on the Bitcoin ecosystem into serious people. In addition, it could encourage more quality content creators to join.

What Sets Paxful Apart

The demand for Bitcoin will continue to grow in the near future. For one, there is only a limited amount of Bitcoin in the world. It will thus encourage more people to attempt and acquire Bitcoin via a number of ways. Paxful has created more than 300 methods through which one can acquire Bitcoin. Even those who have never owned a Bank account can access Bitcoin.

P2P Usage

Paxful continues to rely on peer-to-peer for most of its services. It is one of the best methods for controlling privacy for its clients and Bitcoin traders. P2P is an important aspect of Bitcoin trading. Essentially, it allows traders and buyers to feel secure like they are the stock exchange. The result is that one has complete control over their funds. It is unlike the banking sector. A bank has a lot of say on what they can with the money one deposits with them. Paxful’s entire platform is built upon this open source technology developed for Blockchain and Bitcoin.

Summary

The program, which is named Paxful Roots, is the future of Bitcoin trading. It works well for bloggers, websites, and even mobile apps. Traders will be given a link and an ID, which will be used to determine how much cash they make. Besides offering great terms, it is also one of the most penetrative affiliate programs in Bitcoin trading. The company has already earned accolades for its effort to decentralize Bitcoin trade. Users of this program can receive payment via a number of means. The options are PayPal, Western Union, Amazon Gift Cards, and most other electronic payment methods.