Paxos debuts fiat gateway with Binance crypto exchange as its first client

eading cryptocurrency exchange Binance became the first cryptocurrency exchange to implement the fiat gateway of stablecoin operator Paxos.

On Nov. 12, Paxos announced the launch of its Fiat Gateway, a service that allows its users to swap between dollars and stablecoins on a one-to-one basis.

A deepening collaboration

While the service has been available to Paxos users since May, Binance has fully integrated it, making it available to all of its customers. Binance CEO Changpeng Zhao hinted that the two companies could deepen their collaboration further in the future:

“The new Fiat Gateway is the fastest, simplest U.S. dollar on/off ramp for our customers. We look forward to working more closely with Paxos to integrate additional solutions.”

The two firms have worked together in the past. In June, Paxos allowed its user to deposit fiat currency onto its platform and have the balance appear directly in PAX stablecoins in their Binance accounts.

In September, Binance partnered with Paxos to jointly launch a new U.S. dollar-backed stablecoin regulated by the New York State Department of Financial Services.

An interoperable, open system

In addition to its Fiat Gateway, Paxos announced a second application programming interface (API) dubbed Stablecoin Swap that will allow 1:1 swaps between Paxos-based stablecoins. Paxos CEO and co-founder Charles Cascarilla explained:

“We created these APIs so our technology can become more widely available and scalable. Our aim is to create financial infrastructure that others can utilize and build on, so together we can create a modern, open financial system.”

Source: cointelegraph.com

74 thoughts on “Paxos debuts fiat gateway with Binance crypto exchange as its first client

  1. Hi, Neat post. There’s a problem with your website in internet explorer, would check this… IE still is the market leader and a good portion of people will miss your magnificent writing due to this problem.

  2. This is really fascinating, You’re an excessively skilled blogger. I’ve joined your feed and look forward to in search of extra of your excellent post. Also, I have shared your web site in my social networks!

  3. Together with every thing which seems to be developing within this area, many of your opinions are actually very radical. However, I beg your pardon, but I can not subscribe to your entire suggestion, all be it refreshing none the less. It looks to everybody that your commentary are not totally justified and in simple fact you are your self not thoroughly confident of the assertion. In any event I did appreciate examining it.

  4. I like the helpful info you provide in your articles. I’ll bookmark your weblog and check again here frequently. I am quite certain I will learn many new stuff right here! Good luck for the next!|

  5. If some one wishes to be updated with newest technologies therefore he must be go to see this web page and be up to date everyday.|

  6. I’m not sure exactly why but this site is loading very slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later and see if the problem still exists.|

  7. My brother recommended I might like this blog. He used to be entirely right. This put up truly made my day. You can not believe simply how a lot time I had spent for this information! Thank you!

  8. You really make it seem so easy with your presentation however I find this matter to be actually something which I think I might never understand. It seems too complex and extremely large for me. I am taking a look ahead on your subsequent submit, I will attempt to get the hold of it!

  9. With havin so much written content do you ever run into any problems of plagorism or copyright infringement? My site has a lot of completely unique content I’ve either created myself or outsourced but it looks like a lot of it is popping it up all over the internet without my agreement. Do you know any methods to help reduce content from being stolen? I’d really appreciate it.|

  10. Thanks for some other informative web site. Where else could I am getting that type of information written in such an ideal approach? I have a venture that I’m just now operating on, and I’ve been on the look out for such info.|

  11. you are truly a just right webmaster. The site loading speed is incredible. It seems that you’re doing any unique trick. In addition, The contents are masterwork. you have done a magnificent job in this topic!|

  12. Hey there! I could have sworn I’ve been to this site before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be bookmarking and checking back frequently!|

  13. We stumbled over here by a different page and thought I might check things out. I like what I see so now i’m following you. Look forward to looking over your web page yet again.|

  14. Thanks , I’ve recently been looking for info approximately this topic for a while and yours is the greatest I’ve discovered till now. However, what in regards to the bottom line? Are you sure concerning the supply?|

  15. whoah this weblog is magnificent i love reading your articles. Keep up the good work! You recognize, lots of individuals are looking round for this info, you could help them greatly. |

  16. I blog frequently and I genuinely appreciate your content. This article has truly peaked my interest. I’m going to bookmark your site and keep checking for new details about once a week. I subscribed to your RSS feed as well.|

  17. It’s amazing to pay a quick visit this site and reading the views of all colleagues about this article, while I am also keen of getting experience.|

  18. Simply desire to say your article is as astonishing. The clarity in your submit is simply cool and i could think you are an expert on this subject. Well along with your permission let me to clutch your RSS feed to stay updated with forthcoming post. Thank you one million and please keep up the enjoyable work.|

  19. I relish, result in I discovered just what I was looking for. You have ended my four day lengthy hunt! God Bless you man. Have a great day. Bye|

  20. Hi there Dear, are you in fact visiting this website daily, if so after that you will without doubt obtain nice experience.|

  21. Superb blog! Do you have any helpful hints for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally overwhelmed .. Any suggestions? Kudos!|

  22. Somebody essentially help to make severely articles I might state. This is the first time I frequented your website page and so far? I surprised with the analysis you made to create this actual submit extraordinary. Magnificent job!|

  23. Thank you for another fantastic article. The place else could anyone get that kind of info in such a perfect means of writing? I have a presentation subsequent week, and I’m at the look for such info.|

  24. Hi, i think that i noticed you visited my web site so i got here to return the want?.I’m attempting to find issues to improve my website!I suppose its good enough to make use of some of your ideas!!|

  25. I do believe all the ideas you have offered for your post. They are really convincing and will certainly work. Nonetheless, the posts are too quick for newbies. May you please extend them a bit from subsequent time? Thanks for the post.|

  26. Hello there, just become aware of your weblog via Google, and located that it is truly informative. I am gonna watch out for brussels. I will appreciate in case you proceed this in future. Many folks shall be benefited from your writing. Cheers!|

  27. Hey, I think your site might be having browser compatibility issues. When I look at your blog in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, amazing blog!|

  28. Asking questions are actually nice thing if you are not understanding something entirely, but this piece of writing presents pleasant understanding even.|

  29. Yesterday, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a twenty five foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone!|

  30. Hi, I think your blog might be having browser compatibility issues. When I look at your blog in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!|

  31. Usually I don’t read post on blogs, but I wish to say that this write-up very compelled me to check out and do so! Your writing style has been surprised me. Thanks, quite nice post.|

  32. I am curious to find out what blog system you are using? I’m having some minor security problems with my latest website and I would like to find something more safe. Do you have any recommendations?|

  33. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.|

  34. Hmm it appears like your site ate my first comment (it was extremely long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to everything. Do you have any suggestions for novice blog writers? I’d certainly appreciate it.|

  35. Woah! I’m really loving the template/theme of this website. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between superb usability and visual appearance. I must say you have done a awesome job with this. In addition, the blog loads very fast for me on Opera. Superb Blog!|

  36. First off I want to say awesome blog! I had a quick question that I’d like to ask if you don’t mind. I was curious to find out how you center yourself and clear your head before writing. I’ve had a tough time clearing my mind in getting my ideas out there. I truly do take pleasure in writing but it just seems like the first 10 to 15 minutes are usually wasted just trying to figure out how to begin. Any ideas or tips? Thank you!|

  37. Wow! This blog looks exactly like my old one! It’s on a totally different topic but it has pretty much the same page layout and design. Wonderful choice of colors!|

  38. Hi! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community in the same niche. Your blog provided us beneficial information to work on. You have done a outstanding job!|

  39. Nice post. I was checking constantly this blog and I’m inspired! Very helpful info particularly the last part 🙂 I maintain such information much. I used to be looking for this certain info for a long time. Thank you and best of luck. |

  40. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike.|

  41. Thanks , I have just been looking for information approximately this subject for a while and yours is the greatest I’ve discovered till now. But, what concerning the conclusion? Are you certain about the supply?|

  42. What i do not realize is if truth be told how you are not actually much more smartly-favored than you may be now. You’re so intelligent. You realize thus significantly in terms of this matter, produced me for my part consider it from so many varied angles. Its like women and men don’t seem to be fascinated until it is one thing to accomplish with Woman gaga! Your own stuffs excellent. At all times maintain it up!|

  43. I don’t know whether it’s just me or if everybody else experiencing problems with your website. It appears like some of the written text within your content are running off the screen. Can somebody else please comment and let me know if this is happening to them as well? This might be a problem with my web browser because I’ve had this happen previously. Cheers|

  44. You actually make it seem really easy with your presentation but I in finding this matter to be actually something that I believe I’d by no means understand. It seems too complicated and extremely large for me. I’m looking forward for your subsequent post, I will try to get the dangle of it!|

  45. Thank you for some other informative website. Where else could I get that kind of info written in such a perfect approach? I’ve a project that I’m just now working on, and I’ve been on the glance out for such info.

  46. hello!,I really like your writing so a lot! share we keep in touch extra about your article on AOL? I need a specialist in this house to unravel my problem. May be that is you! Having a look ahead to see you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Language »