With De F i hot market, to the center of finance has been a strong rise of 2 020 Nian 1 1 month, decentralized financial De F i Lock amount has exceeded 1 60 billion, its development momentum in the global economic downturn The situation does not increase but decreases. Meanwhile, the digital currency circle has also ushered in a new wave of bull market, Bitcoin B TC highest prices close to 2 0000 US dollars, close to the historical peak.
American digital payment giant PayPal announced that in the next few years, it will allow customers to directly purchase, sell and hold Bitcoin, Ethereum, Bitcoin Cash, Litecoin and other cryptocurrencies in their PayPal wallet through their accounts . PayPal said that starting in early 2021 , PayPal customers will also be able to use cryptocurrency to make purchases at 26 million merchants on its network . PayPal announced its recognition of Bitcoin and the use of Bitcoin as a payment currency. This is undoubtedly great news for the cryptocurrency market . This will open up the payment channel for cryptocurrency and let more people understand and use it to purchase cryptocurrency. .
Following PayPal , Paxos Standard Trust , a strategic partner of PayPal , re-issued the encrypted token Paxos Token , which once again confirmed the determination of traditional finance to move closer to decentralization.
Paxos CEO and co-founder Charles Cascarilla represented: Paxos T Oken issue is Paxos third stage of development in the field of digital encryption, encrypted before we have a stable currency issued PAX and encryption standard currency for gold PAXG , new encryption The currency Paxos T oken represents the entire ecology of Paxos Standard and may disrupt the entire payment field in the future.
Since Paxos was established, it has been committed to promoting asset flow, and in 2012 it launched the itBit exchange in Singapore . In 2015 , the New York State Department of Financial Services granted Paxos a trust charter, and Paxos became the first approved and regulated company to provide crypto products and services. By seeking the highest form of regulation and compliance, Paxos stands out in the blockchain industry and has won the trust of market-conscious institutional and individual investors. Paxos has raised more than $ 93 million in venture capital, has also added prominent individuals including Sheila Bair and Senator Bill Bradley to its board of directors , and added 110 employees in three global offices .
Charles Cascarilla continued: In Paxos, you can sell and buy various crypto assets. As the first trust company approved for custody of digital assets, we can custody and fully protect users' physical and digital assets, allowing users to trade in a frictionless global economy. When the new token P AXOS is launched , the Paxos Network ecosystem It will be launched soon. In the entire Paxos Network ecosystem, the core currency in circulation is Paxos tokens. In addition, Paxos Network also supports almost all encrypted digital currencies and 24 legal currencies such as the US dollar, RMB, and euro , which can be truly realized Seamless conversion between legal currency and cryptocurrency.
It is reported that, Paxos Token total circulation of 2.1 Yi Mei , never issuance. The Paxos Token project initially supports the 1:1 subscription of PAX/Paxos , with a total subscription amount of 1.5 million. Paxos Token has a destruction mechanism, and the token is tightened to enable it until the maximum number of bitcoins ( 21 million) is destroyed .
The traditional financial market's entry into encrypted digital is bound to inject a boost into the digital currency field. With the full development of Paxos applications, the encrypted digital currency in the gray area will accelerate the integration with the real traditional payment. The complete legalization of encrypted currency is just around the corner, and the future of P AXOS can be expected.
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source：http://www.southmoney.com/caijing/gongsixinwen/202012/7962298.html