Yes it still works, yes it's not the same as it was 10 years ago where you could exchange gift cards and everything.
Paxful won't work anymore and they have officially announced that it is being closed permanently. Initially, I thought maybe they would close their operation for a few countries, but to my surprise, they are closing it globally.
They will totally shut down their service on Nov 1, and starting from today, there will be no new customer or trades; they will not allow any further deposits, only people can withdraw their money.
More detailed timelines can be found at
https://paxful.com/wind-down