Crypto service company Paxos launches new fiat gateway and API tools

Blockchain and crypto services firm Paxos raises $300M in Series D funding

Paxos, the first New York regulated trust company for digital assets, specializing in bitcoin/crypto custody, trade and settlement, announced today new solutions that businesses can utilize to bridge between traditional and digital assets.

Binance, the leading global cryptocurrency exchange, and blockchain ecosystem, will be the first to integrate its new fiat gateway solution.

“Paxos is a trusted partner that keeps innovating ways to make traditional and digital assets more interoperable. 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.”
– CZ (Changpeng Zhao), Binance CEO

Qualified businesses will be able to use these new tools directly for their own transactions as a first-party, or they can host the solutions as a third-party for their customers to utilize. The new tools include:

“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.”
– Charles Cascarilla, Paxos CEO and co-founder

A new Paxos Developer Portal includes more information about all Paxos APIs and solutions.