Paxos CEO and cofounder Chad Cascarilla discusses his firm’s partnership with PayPal, which simply opened up its crypto buy and promoting product to all its US prospects. On this episode, he covers:
how Paxos permits PayPal’s crypto product
the regulatory steps Paxos took to make this occur
why $200 billion firm like PayPal would companion with a small firm like Paxos
how Paxos Crypto Brokerage works
how Paxos supplies the regulatory cowl that PayPal wants for this providing, together with custodial and liquidity companies
why this product sources its cash on Paxos’s ItBit alternate
how the 4 crypto belongings obtainable on PayPal — bitcoin, ether, litecoin and bitcoin money — had been chosen
what different tokens one would possibly count on to be supplied by means of Paxos Crypto Brokerage, and presumably by extension by PayPal
how PayPal will get across the scaling points on Bitcoin and Ethereum
whether or not Paxos’s stablecoin enterprise is likely to be utilized by PayPal
if PayPal does purchase BitGo, what that might imply for Paxos providing custody for PayPal by means of its brokerage
how Paxos’s fairness settlement platform goes, and the place it might go over time
how and why Paxos is making use of to the SEC to develop into one among three clearing brokers
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Crypto.com: http://crypto.com
Episode hyperlinks:
Chad Cascarilla: https://www.linkedin.com/in/charlescascarilla/
Paxos: https://www.paxos.com
PayPal now gives crypto purchases to all its prospects: https://www.theblockcrypto.com/linked/84398/paypal-opening-up-app-crypto-users
Authentic bulletins about PayPal providing crypto purchases with Paxos: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency
https://www.theblockcrypto.com/put up/81794/paypal-to-enable-crypto-purchases-with-the-help-of-paxos
Paxos announcement: https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/
Paxos Crypto Brokerage: https://www.prnewswire.com/news-releases/paxos-introduces-paxos-crypto-brokerage-service-to-power-digital-asset-buying-and-selling-in-any-product-301093761.html
PayPal authorised for conditional BitLicense: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211
Paxos’s stablecoin enterprise: https://www.theblockcrypto.com/genesis/54254/a-deep-dive-into-the-paxos-stablecoin-ecosystem
PayPal rumored to be in talks to amass BitGo: https://www.coindesk.com/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo-bloomberg
Paxos working with Revolut: https://www.coindesk.com/uk-fintech-firm-revolut-brings-bitcoin-ether-trading-to-us-customers
Paxos fairness settlement enterprise: https://www.theblockcrypto.com/linked/56494/paxos-equity-settlement-business-goes-live-with-credit-suisse-and-nomuras-instinet-as-first-clients
https://www.theblockcrypto.com/put up/44901/paxos-looking-to-upend-a-massive-corner-of-wall-street-credit-suisse-on-board-for-pilot
Hyperlink to the Crypto Information Recap:
https://unchainedpodcast.com/1st-paxos-interview-since-paypal-news/