Paxos Standard (PAX) Archives

daniel November 8, 2021November 8, 2021 Can Facebook and Pax Dollar cash in on Remittances?, Can the Pax Dollar grow with Facebook’s Novi?, Facebook (FB), Facebook (NASDAQ: FB), Facebook’s Project Libra, Novi, Novi wallet uses, Pax Dollar (USDP), Paxos Standard (PAX), What is the Pax Dollar (USDP)?, What Value Does the Pax Dollar Have?

Can the Pax Dollar (USDP) grow with Facebook’s Novi?

Novi is an app that allows any user to buy Pax Dollars (USDP) and send them to users in other countries. Currently, Novi is only available in the US and Guatemala. You can download Novi from the App Store and the Google Play Store. Users can sign up for Novi with their phone numbers. They are currently placing Novi users on a waitlist.

Cryptocurrency

daniel February 4, 2021February 4, 2021 BUSD, Is Paxos Standard a Trading Mechanism?, Meet Paxos, New Digital Dollar, Pax Gold (PAXG), PAXG token, Paxos, Paxos Standard, Paxos Standard (PAX), Paxos Standard (PAX) is the New Digital Dollar for Real?, Paxos Standard (PAX) token

Paxos Standard (PAX) is the New Digital Dollar for Real?

The Paxos Standard website claims to offer instant redemptions in US dollars. To explain, that means you can cash in a Paxos Standard for a US dollar fast.

Cryptocurrency

daniel April 18, 2019April 19, 2019 Are Paxos Standard Tokens and Stablecoins Dollar Imperialism?, Paxos needs more fiat currencies, Paxos Standard (PAX), Paxos Standard Token (PAX), Studying Stablecoins with the New Digital Dollar Paxos Standard (PAX), the New Digital Dollar, What Value Does Paxos Standard Have?

Studying Stablecoins with the New Digital Dollar Paxos Standard (PAX)

Here is how the Paxos creators intend the PAX Token to work. First you deposit $1 in a Paxos Trust account. Second, Paxos mints a PAX Token. Third, you can send the Paxos Standard Token to a recipient via email, an e-commerce platform, or social media. Fourth, the recipient can spend the Pax Token or cash it in for $1.

Hence, a good way to view Paxos Standard is as a blockchain Venmo. To explain, Venmo is the popular P2P solution PayPal (NASDAQ: PYPL) owns. Venmo uses a smartphone app to make P2P payments easy to access and use.