This week, Paxos received full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services in the region. This highlights our commitment to comply with regulatory frameworks as we expand products and services to global markets. We’re also excited to welcome Jeannie L. as Executive Director of Paxos Singapore, where she’ll lead Paxos' strategic vision and goals in the APAC region. Jeannie will oversee new business opportunities and partnerships, as well as manage continued engagement with key clients, partners, regulators and more. Learn more about our continued investment in Singapore below 👇 https://bloom.bg/4bt2ejd
Paxos
Financial Services
Paxos is a regulated blockchain infrastructure company building transparent and transformative financial solutions.
About us
Paxos is building the foundation for the open financial system. We are a regulated blockchain infrastructure company building transparent and transformative financial solutions. We create accessible blockchain infrastructure that’s instantaneous and reliable, 24/7 - whether it’s enabling crypto features for enterprises, launching the world’s first fully-regulated, asset-backed tokens (USDP & PAXG), or setting a new standard of efficiency for settlement of securities. We empower today’s financial leaders to build a more open, trusted economy. These leaders include PayPal, Mercado Libre, Interactive Brokers and Mastercard.
- Website
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https://www.paxos.com
External link for Paxos
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Remote-first
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Blockchain Solutions, Blockchain Technology, Blockchain Settlement, Financial Technology, Post-Trade, Distributed Ledger Technology, stablecoins, financial market infrastructure, blockchain, cryptocurrency, fintech, enterprise solutions, defi, altcoins, and regulated crypto
Locations
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Primary
Get directions
Remote-first, US
Employees at Paxos
Updates
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Paxos received full approval to offer digital payment token services from the Monetary Authority of Singapore 🇸🇬 We plan to issue a stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework, with DBS Bank selected as our primary banking partner. “Stablecoins issued in accordance with standards set by a regulator like MAS - known for its rigorous regulatory standards - represent a significant step towards democratizing access to commerce and financial services.” - Walter Hessert, Head of Strategy at Paxos Learn more → https://bit.ly/3xDwN83
Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner - Paxos
paxos.com
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Last week, we announced that PayPal USD is available on Crypto.com Pay 🎉 You can now use PYUSD to... 🤝 Send it to friends 🎁 Purchase gift cards 🛍 Shop on the Crypto.com app ...and more! Check out our blog post for full details: bit.ly/4btoI3q
PayPal USD is Now Available on Crypto.com Pay
paxos.com
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Paxos reposted this
PayPal, the payment powerhouse with over 400M* active users, recognises the transformative power of regulated stablecoins for payments. Partnering with Paxos, Triple-A is integrating the PayPal USD stablecoin into our payment solutions. 💎 Why Paypal USD? 👇 🌐 Reach New Users: Paypal USD enables businesses worldwide to tap into PayPal's vast user base, who have easy access to the stablecoin. 📈 Efficient Payments: Integrating Paypal USD allows us to offer businesses cost-efficient, secure, and fast payment options. 🔑 Trust: Fully supported within PayPal’s payment network and backed by US dollar deposits, US Treasuries and similar cash equivalents, stablecoins like Paypal USD build customer trust in digital currencies. Pegged to the US Dollar, PayPal USD combines price stability with the global agility of digital currencies. This integration simplifies cross-border transactions and gives businesses efficient access to USD. More updates to come as we build a more efficient global payment ecosystem, by bridging the gaps between traditional & digital currencies. 🛣 *Source: Statista #cryptopayments #cryptocurrency #crossborderpayments #payments #stablecoins
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Paxos is excited to participate in the upcoming Point Zero Forum in Zurich. Our Global Head of Policy Lesley Chavkin will be speaking on the future of stablecoins in finance. Paxos leaders Ben Gray and Walter Hessert will also be in attendance and joining discussions about the crucial role of regulatory frameworks in supporting safe blockchain innovation. Join us! #PZF2024
🇨🇭 Excited to join Point Zero Forum next week in Zurich to take part in a fantastic roundtable discussion on stablecoins in the monetary system of the future. #PZF2024 Planning to be at PZF, too? Reach out! Let's grab coffee ☕
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USDP is now the default stablecoin on the Sling Money app! 🎉 The team at Paxos is excited to partner with our friends at Sling to offer their users a regulated, transparent and secure stablecoin like USDP.
We’re switching Sling’s default stablecoin to USDP. The next time you open Sling you’ll be prompted to switch the stablecoin in your wallet from USDC to USDP. This won’t really impact users at all, but it’s a huge milestone for Sling. USDP is a US Dollar Stablecoin issued by the Paxos Trust Company in the United States. Paxos and USDP are regulated by the New York Department of Financial Services (NYDFS) and USDP is fully backed 1:1. This switch is part of a broader partnership between Sling and Paxos which we believe is an important part of setting Sling up for global expansion. We are absolutely thrilled to be working with Paxos and we’re excited for all of the ways that our partnership will help us grow Sling globally. Over time we plan to add more stablecoins to Sling, with a primary focus on covering the currencies of the G7 countries. We believe that the product experience here will be to allow users to choose what stablecoin their wallet balance is stored in and that we will provide seamless on-chain swaps when sending between Sling wallets stored in different stablecoins. We’re actively working on adding additional G7 stablecoins and hope to have more to announce in that regard shortly. In the meantime, please join me in celebrating this really important partnership with the wonderful folks at Paxos 🎉
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Paxos reposted this
PayPal USD ($PYUSD) is now supported as a payment currency on Crypto.com Pay. You can now use PYUSD across a variety of Crypto.com Pay functions, including: - Sending it to friends using the ‘Pay Your Friends’ feature - Buying Gift Cards from over 100 brands - Shopping on the Crypto.com App - Topping up prepaid phone numbers using Airtime anywhere in the world - Purchasing goods or cryptocurrencies on all platforms that have integrated the Crypto.com Pay checkout solution PayPal USD is designed to maintain a stable $1 USD value. It’s backed by dollar deposits, US treasuries, and cash equivalents. PYUSD is issued by Paxos Trust Company. Launch the Crypto.com App and tap ‘Pay’ (from the top menu) to get started: https://lnkd.in/gtzhQ2-F
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PayPal USD is now supported in Crypto.com Pay! 🤝 Join us for tomorrow’s AMA with Crypto.com, Ronak Daya from Paxos and Edwin Aoki from PayPal to learn more about this exciting update. We hope to see you there! bit.ly/4cevKuk
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Don’t miss this live AMA hosted by our friends at Crypto.com, where we’ll be discussing all things PayPal USD. See you next week 🚀
Join us for a Live Video AMA with 🔹 Edwin Aoki, CTO of Blockchain, Crypto and Digital Currencies at PayPal 🔹 Ronak Daya, Head of Product, Tokenization at Paxos 🖥 Tune in on X, Facebook or Youtube 🗓️ Wednesday, 26 June, 11:00am ET Turn 🔔 on 👉 https://lnkd.in/gQkpScJ3
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Paxos reposted this
📣 Transak makes PayPal USD (PYUSD) available across #Web3 🚀 🌎 Millions of #DeFi users can now effortlessly access #PYUSD through over 350+ Transak-integrated apps in just a few simple steps. 💳✨ PayPal USD, issued by Paxos Trust Company, is one of the most trusted #stablecoins in the world. 🚀 "One of the core challenges for wider crypto adoption has been the difficulty of converting traditional currencies into crypto assets," said Sami Start, CEO of Transak. "By listing PYUSD, we're providing a trusted on-ramp for traders, leveraging the familiarity and reputation of PayPal to ease the transition into the world of decentralized finance." "The integration of PYUSD on Transak is a step towards meeting evolving consumer needs by providing them with expanded choices when it comes to their finances. Stablecoins and blockchain technology are the future of finance – and this is a great opportunity to safely introduce this technology to users ,” said Nicholas Robnett, Head of Asset Growth at Paxos. 📌 Read the full story on The Block 👉 https://lnkd.in/g_-ApwCa
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