- It will be called the Civilization Kit (Civ Kit)
- And it will offer quick plug-and-play identification
- The founders already predict “the next evolution of bitcoin.”
Jack Dorsey’s crypto company TBD partnered with Ray Youssef, co-founder of Paxful. They will launch a DeFi network for P2P bitcoin markets.
The new site will be called the Civilization Kit (Civ Kit). It will be built on the Nostr ecosystem and Lightning fast bitcoin payment technology.
Civ Kit is a new decentralized network protocol from Ray Youssef. He introduced it last month when the scandals at Paxful surfaced.
Remind that in early April, Paxful, the most famous and oldest P2P site, announced its closure.
They said they are doing so because of regulatory pressure and conflicts between the two founders, Arthur Shabak and Ray Youssef.
From a clean slate
Civ Kit plans to create a network of decentralized non-custodial P2P bitcoin markets. It will support plug-and-play format. It’s quick-entry technology (literally “plug and play”).
Decentralized identity tools being developed by Jack Dorsey’s company TBD will play an important role in this process.
In an interview with The Block, Ray Youssef said that Civ Kit will lead to thousands of P2P marketplaces around the world. And he called it “the next evolution of bitcoin.”
In the meantime, the average fee per BTC transaction has reached $19 due to the high load on the network.