If you think you can avoid talking Bitcoin this holiday season, it doesn’t happen because:
- Coinbase (the largest crypto exchange in the US) has just filed for an IPO
- BTC is still hitting new highlights
- a Elon
That’s not all: Another crypto startup, Paxos, raised a $ 142m round.
Paxos is a plug-and-play service …
… Provides regulatory information and breakthrough technology for companies to create crypto-related products per se Fortune:
- Stablecoins, which are cryptocurrencies pegged to fiat currency (eg, US dollars)
- Digital tickets for assets like gold
- Brokerage services, for crypto trading
Notably, Paxos helped PayPal launch its 300m + consumer crypto-trade.
And PayPal’s entry into space may be a key driver in Bitcoin’s booming price, which has doubled to $ 23k + since late October.
Paxos has deep Wall Street roots
Its CEO – Charles Cascarilla – is a former Goldman student and works closely with key financial players such as the SEC (regulatory body), Federal Reserve (central bank), and SWIFT (international currency exchange network).
To get even more regulatory street credit, Paxos filed to become a chartered bank in the US.
Cascarilla says Fortune that Paxos’ opportunity is huge, especially since its unsexy infrastructure is not considered a threat by other crypto players.
If the Bitcoin conversation doesn’t end, we know at least one person to point the finger at.