BitPay Integrates PAX as Settlement Option for Merchants

Paxos, the company behind the Paxos Standard (PAX) stablecoin, announced on Tuesday a partnership with BitPay that has resulted in the token being integrated into BitPay’s ecosystem as a settlement option. This will allow merchants and companies using the system to settle transactions in a stablecoin backed 1:1 by the US dollar.

Paxos, a token built on the ERC-20 standard, was launched in September this year following approval from the New York State’s Department of Financial Services. The project team said la…

This article appeared first on Cryptovest

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