What’s Driving Growth of Digital Assets in Latin America May Surprise You
As noted in a previous post, cryptocurrency and blockchain technology adoption are ramping up in Latin America, with rapid growth acceleration projected for 2023 and beyond.
Paxos Sees Interest in Digital Assets Growing Faster in Latin America Than Any Other Region
Paxos, the leading regulated blockchain infrastructure platform, published “What’s Driving the Immense Growth of Crypto in Latin America?”, a new white paper that delves into the consumer and market trends fueling adoption of digital assets in the region. Following the successful integration of crypto into numerous Latin American fintech apps like Mercado Libre, Nubank, PicPay and others, Paxos sought to understand the drivers behind the region’s robust embrace of cryptocurrency. Crypto usage in Latin America has increased by 1370% from 2019-2021, according to Chainalysis.
Risk Disclosures
Risk Warning On Digital Payment Token Services Last Modified: April 3, 2024The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of…
Paxos Welcomes its First Dedicated Chief Compliance Officer Carolina Ceballos
Carolina Ceballos has joined Paxos as our first dedicated Chief Compliance Officer. As Chief Compliance Officer, Carolina will ensure Paxos meets its global regulatory obligations and that we continue to act as a trusted partner for clients on all compliance issues.
Getting Regulated Stablecoins to Institutions Seamlessly – Paxos Partners with Floating Point Group
We’re pleased to partner with Floating Point Group to streamline how financial institutions can get access to USDP and BUSD, the regulated stablecoins from Paxos. Floating Point Group is a cryptocurrency prime brokerage with an institutional trading desk and an advanced settlement platform.
Crypto Transfers Opens the Way for Secure, Fast and Global Connectivity
Until recently, crypto owners who purchased the assets through fintech apps were somewhat limited in how they could utilize their digital assets.
Latin America Believes In Crypto
There are many theories as to when blockchain technology and crypto potentially become as familiar to us as ATMs and credit cards.
Gold is a Prime Asset for Tokenization
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.
The Inevitability of Stablecoins Deserves Attention
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.
Clarifying Paxos’ Approach to Recent OFAC Sanctions
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.
How Paxos Works with PayPal to Build Innovative Crypto Products
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.
Banks vs. Trusts: Do You Know Where Your Assets Are?
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…