Paxos

Bank of America partnership with Paxos will allow same-day trade settlements

The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades. According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology. Kevin McCarthy, head of financing and clearing, said the bank “has …

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Got crypto? Here are 3 debit cards that let you spend your stack

As blockchain technology and the public’s awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems. Despite its many applications, the original use case for Bitcoin (BTC) as a medium of exchange remains one of the most fundamental applications of blockchain …

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PayPal crypto partner Paxos raises $300M

Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraise shortly after receiving preliminary approval to form a national trust bank. On Thursday the firm announced a new $300 million Series D funding round bringing Paxos’ valuation to $2.4 billion. The new funding round included previous Paxos investors including PayPal Ventures, Declaration …

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OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter

<div class=”featured_image_container”> </div> <strong>The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize the firm’s future banking plans.</strong> …

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Paxos receives ‘preliminary conditional approval’ for US bank charter

The U.S. Office of the Comptroller of the Currency (OCC) has granted today stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank — just the third such charter the OCC has granted crypto-native companies.  Paxos joins custody firm Achorage, who was the first to receive a charter in January, …

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Paxos Makes Fresh Push for DeFi Market With New Oracle Integration

Paxos is teaming up with Chainlink in a bid to make its asset-backed tokens more widely available across the decentralized finance (DeFi) market. The Paxos Standard (PAX) and Paxos Gold (PAXG) tokens are now available on Chainlink’s oracle network, according to a blog post shared early with CoinDesk. Chainlink operates as background pricing and data …

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Paxos seeks approval to become fully-regulated crypto bank

Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will be headquartered in New York, licensed to hold cryptocurrencies and execute the duties of a regular trust bank. According to a blog post on the Paxos website, being granted a …

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Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter

Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. The bank would operate out of New York (where Paxos is already located), according to the filing. The company, which already has a New York trust charter and a slew of licenses, currently offers cash custody, gold custody, …

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Regulation will keep PayPal’s new crypto services from looking anything like crypto

Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where PayPal also became the first recipient of the New York Department of Financial Services’ (NYDFS) conditional Bitlicense, a program that the regulator announced this past summer.  The devil in the details While the news …

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Cloudbet Unveils Betting With Gold in Gaming World First

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/398295″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/lottery_euro_1456x360_bch-5.jpg” alt width=”1456″ height=”360″></a></div><a href=”http://www.cloudbet.com/en/landing/paxg-betting/?utm_source=bitcointalk.com&amp;utm_medium=community&amp;utm_campaign=paxg&amp;utm_content=twitter-pr-push”>Cloudbet</a>, the pioneering crypto casino and sportsbook, has added Pax Gold to its platform, making history by allowing players to bet online with gold for the first time ever. The integration of gold betting on a crypto-gaming …

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