Stablecoin

Flow

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<ul class="news-points"> 
 <li>Stablecoin firm Paxos believes that blockchain can improve the flow of global remittances.</li> 
 <li>Blockchain’s utility in the global economy includes poverty reduction and stabilizing economies.</li> 
 <li>Blockchain technology can provide additional benefits like security, transparency, and cost-efficiency.</li> 
</ul> 
Paxos Trust Company, the stablecoin giant based in New York, believes that blockchain technology can improve the flow of global remittances. Global remittances refer to the payments made by parties or individuals abroad to their home countries. Remittances are a considerable addition to the flow of funds in any economy. 
Paxos was the issuer of Binance’s BUSD <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">stablecoin</a>, which was the world’s third-largest by market capitalization until earlier this year. The firm will also issue <a href="https://coinedition.com/paypal-launches-paypalusd-stablecoin-announces-giveaway/" rel="noopener noreferrer nofollow">PayPay’s recently launched dollar-pegged stablecoin PYUSD</a>. Paxos Trust Company is also licensed by the New York Department of Financial Services (NYDFS). 
According to a blog post by Paxos earlier today, remittances have a direct impact on poverty reduction and consumption in an economy. Global remittances provide a reliable source of income for its recipients, enabling the purchase of ba… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/paxos-says-blockchain-can-improve-the-flow-of-global-remittances/">Paxos Says Blockchain Can Improve The Flow Of Global Remittances</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Paxos Says Blockchain Can Improve The Flow Of Global Remittances

Coin Edition

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