As DeFi and cryptocurrency markets continue to inch their way toward the mainstream financial system, the tokenization of real-world assets and other financial instruments has emerged as one of the hottest trends.
In a previous post, my colleague presented a view of the near future, when stablecoins and central bank digital currencies (CBDCs) are ubiquitous in the financial sector and where they enjoy extensive acceptance across all markets.
This week, a blog post created some confusion around how Paxos approaches sanctions and the recent market activity around Tornado Cash. We’d like to provide some clarity.
In 2020, PayPal launched the ability for its US users to buy, hold and sell cryptocurrency. Powered by Paxos’ crypto brokerage platform, PayPal has since added Checkout with Crypto, brought its crypto services to the U.K., and now allows consumers to transfer crypto on or off the PayPal ecosystem.
When it comes to the potential of crypto, some see it as a futuristic concept that’s going to transform the financial landscape. Yet despite accelerating innovations, if you want to…
Paxos is a foundational contributor to the fast-growing, mainstream adoption of digital assets. To achieve our mission of creating an open, digital economy, Paxos utilizes Ethereum, a decentralized, open-source blockchain with smart contract capabilities.
Paxos is thrilled to announce our partnership with Binance Academy: Learn & Earn! As the world of crypto becomes more complex, we’ve partnered with Binance Academy to develop curricula to educate everyone from individuals to institutions on the transformative potential of cryptocurrency and blockchain technology.
PicPay, the leading payment app in Brazil, now allows its users to buy, sell and hold cryptocurrencies, in its first foray into crypto and Web3 market. Today, PicPay launches its cryptocurrency exchange service, which will enable the trading with Bitcoin and Ethereum, the two main digital currencies in the world, as well as with USDP, the regulated US dollar-backed stablecoin from Paxos.
Digital assets are on course to revolutionize the consumer payments landscape by making financial markets global, accessible, instantaneous and available 24/7. The promise of this asset class and technology is significant, but the shift to a tokenized economy will not take place overnight.
Os ativos digitais estão em via de revolucionar o cenário de pagamentos dos clientes, tornando os mercados financeiros globais acessíveis, instantâneos e sempre disponíveis. A promessa dessa tecnologia e classe…
FDIC Pass Through Insurance Disclosures The primary depository account that holds fiat cash is protected by FDIC insurance up to $250,000 for each account ownership category. Paxos maintains FDIC-insured deposits for…