Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according to the company. The fee reduction applies to every BTC, ETH, USDT, and USDC transaction into any supported gift card. This change benefits all 12 million Paxful users, offering them higher take-home rewards on every trade, a greater gift card selection, and deeper liquidity. The company is also rewarding gift card sellers with a fixed-term trade incentive, offering a 1% rebate on every gift card sale they supply until August 1st, 2024.
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