CEO Ray Youssef Criticizes Bitcoin Fees: ‘A Disappointment for the Global South’

In a recent social media post, Ray Youssef, the ex-CEO of Paxful, discussed the detrimental effects of high transaction fees on the adoption of bitcoin in developing countries. Youssef highlighted how the rise in bitcoin fees has led users in Global South nations to explore alternatives like USDT on the Tron blockchain instead of sticking with bitcoin.

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