Vexl is an open-source app that enables users to conduct private peer-to-peer bitcoin transactions.
Vexl is a social network that connects buyers and sellers of bitcoin via their contacts list.
Communication between users is private, and Vexl doesn’t charge for the service it provides.
Vexl’s mission is to enable people to use Bitcoin the way it was intended to be used — without KYC, privately and without third-party intermediaries involved in the process.
Vexl is a non-profit and relies directly on donations and grants.
The real innovation that Vexl introduces is its unique reputation model.
Vexl marketplace allows you to view anonymized offers from your contacts and their contacts.
Vexl is already politically decentralized, and anyone can take the code and alter it.
Vexl asks for phone numbers to use as an existing network and contacts lists.
Vexl has seen significant growth in the Czech Republic and Slovakia, and in recent months, local Vexl initiatives have also started thriving in African countries.