Paxos is an accredited Trust Company and a licenced custodian under the supervision of the New York State Department of Financial Services. It is a regulated blockchain infrastructure platform based in Manhattan.
Paxos’ partnerships with PayPal, Interactive Brokers, Mercado Libre, and others offer an early hint at what this future could look like. Of course, there is still a long way to go. To make these changes a reality, a lot of work will need to be done since blockchain technology currently only controls a small portion of the financial system.
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