Paxos CEO and cofounder Chad Cascarilla discusses his company's partnership with PayPal, which just opened up its crypto purchase and selling product to all its US customers. In this episode, he covers:

how Paxos enables PayPal's crypto product

the regulatory steps Paxos took to make this happen

why $200 billion company like PayPal would partner with a small company like Paxos

how Paxos Crypto Brokerage works 

how Paxos provides the regulatory cover that PayPal needs for this offering, along with custodial and liquidity services

why this product sources its coins on Paxos's ItBit exchange

how the four crypto assets available on PayPal — bitcoin, ether, litecoin and bitcoin cash — were chosen

what other tokens one might expect to be offered through Paxos Crypto Brokerage, and possibly by extension by PayPal

how PayPal gets around the scaling issues on Bitcoin and Ethereum

whether Paxos's stablecoin business might be used by PayPal

if PayPal does acquire BitGo, what that would mean for Paxos offering custody for PayPal through its brokerage

how Paxos's equity settlement platform is going, and where it could go over time

how and why Paxos is applying to the SEC to become one of three clearing agents 

 

Thank you to our sponsor!

Crypto.com: http://crypto.com

 

Episode links:

Chad Cascarilla: https://www.linkedin.com/in/charlescascarilla/

 

Paxos: https://www.paxos.com

 

PayPal now offers crypto purchases to all its customers: https://www.theblockcrypto.com/linked/84398/paypal-opening-up-app-crypto-users

 

Original announcements about PayPal offering crypto purchases with Paxos: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency 

https://www.theblockcrypto.com/post/81794/paypal-to-enable-crypto-purchases-with-the-help-of-paxos

Paxos announcement: https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/

 

Paxos Crypto Brokerage: https://www.prnewswire.com/news-releases/paxos-introduces-paxos-crypto-brokerage-service-to-power-digital-asset-buying-and-selling-in-any-product-301093761.html

 

PayPal approved for conditional BitLicense: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211

 

Paxos’s stablecoin business: https://www.theblockcrypto.com/genesis/54254/a-deep-dive-into-the-paxos-stablecoin-ecosystem

 

PayPal rumored to be in talks to acquire BitGo: https://www.coindesk.com/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo-bloomberg

 

Paxos working with Revolut: https://www.coindesk.com/uk-fintech-firm-revolut-brings-bitcoin-ether-trading-to-us-customers

 

Paxos equity settlement business: https://www.theblockcrypto.com/linked/56494/paxos-equity-settlement-business-goes-live-with-credit-suisse-and-nomuras-instinet-as-first-clients

 

https://www.theblockcrypto.com/post/44901/paxos-looking-to-upend-a-massive-corner-of-wall-street-credit-suisse-on-board-for-pilot

 

Link to the Crypto News Recap:

https://unchainedpodcast.com/1st-paxos-interview-since-paypal-news/