Paxos: Safe Blockchain-Powered Trust & Settlement Platform?

What Is Paxos?

Paxos is a trust powered by the blockchain technology, which was created to build products that could simplify the process and eliminate the risks involved with trust funds. This company works especially in the field of trust funds created using assets like precious metals.

According to the company, settlement risks are something that are still not a problem of the past because the industry has not yet found ways to minimize it. This puts the entire financial system at risk and it specially aggravated because the financial industry still uses technology and methods that are too old.

How Paxos Blockchain-Powered Trust & Settlement Platform Works

The main goal of the company, as we stated, is the elimination of settlement risks, which can enable the companies to settle both the assets and the payments at the same time. The company does that by combining an official and regulated trust status with the blockchain distributed ledger technology.

The trust status of the company enables legal movement of assets and cash with more ease while the blockchain allows the company to exchange assets and to make payments practically at the same time. This combination is effective to minimize the risks involved in these types of transactions.

If you want, you can even use Paxos on your own business. Just contact the company and explain that you want to use its services and you will be able to do it. This can deeply reduce your error rates, lower administrative costs for your company and confirm transactions considerably faster than you are used to.

Paxos Features

By allowing you to settle trades in an instantaneous way and without a lot of counterparties, Paxos can help you to unlock your capital and give more liquidity. This can certainly diminish your risks and redeploy your capital back into activities that will create value for it.

Also, the automation of the process and the use of the blockchain technology streamline the operations of the company and heavily simply the entire post-trade process, which ends up eliminating operational costs and making the service cheaper.

By doing this, the company is able to improve your profit margins because it lowers the costs at the same time that it makes the transactions more efficient. If you use Paxos, you have considerably fewer risks and more money.

The Paxos Team

The main team of Paxos is made up of people with decades of experience in the financial industry like its creator, Charles Cascarilla, which is also CEO. Other important members are Andrew Chang (COO), Rachel Nelson (Chief Compliance Officer) and Rajesh Nair (vice president of engineering).

Other members include Peter Chae (head of finances), Bharath Jayaraman (vice president of people), Marisa Goldberg (director of talent development), Thomas Eagan (global head of securities business) and Seth Phillips (executive director).

The board of directors is made up of Sheila Bair, Bill Bradley, Robert Herz, Jim Manzi and Duncan Niederauer, all which have decades of experience in businesses in the financial market like this one.

Paxos Verdict

This company definitely presents something that can be quite interesting for advanced investors because, while many companies are still not sure about how to deal with the blockchain technology, Paxos demonstrates certainty and skill with this new technology.

Also, the company has a considerably new idea about how to solve the problem of settlement risk in trust funds, so you can consider it to be at least a decent player in the financial market. Follow news of this company to know more about how well they will make in the market.

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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