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Brazil payment app PicPay launches new crypto exchange service with Paxos technology
1min
August 18, 2022
2 min

Table Of Contents

01
要約
02
本文翻訳
03
引用リンク
Brazil payment app PicPay launches new crypto exchange service with Paxos technology

要約

PicPay, aapp, has announced will now allow its users tobuy, sell and holdcryptocurrencies, in its first foray into the cryptomarket.Today, PicPay launches its cryptocurrency exchangeservice, which initially supports trading of Bitcoin andEthereum, as well as USDP. The exchange is operated in partnership with Paxos, a blockchain infrastructure company regulated by the New York Department of FinancialServices. Paxos will manage trading and custody of assets forPicPay. Paxos is also the issuer ofUSDP, a regulated US dollar stablecoin. Gradually, the exchange will be made available on the PicPay app, which has more than 30M active users. Trading will start from R$ 1 with PicPay also providing users with data and info on the crypto market within the exchange platform. Later this year, users will be able to pay using cryptocurrencies in the PicPay app and will be able to complete cryptotransfers. In addition to the cryptoexchange, PicPay will soon launch its ownstablecoin. It is to be backed by the Brazilianreal, withone-to-one parity and will allow the PicPay stablecoin to be available as a paymentmethod, anywhere that accepts crypto.


本文翻訳

PicPay, a Brazil-based payment app, has announced will now allow its users to buy, sell and hold cryptocurrencies, in its first foray into the crypto market. Today, PicPay launches its cryptocurrency exchange service, which initially supports trading of Bitcoin and Ethereum, as well as USDP. The exchange is operated in partnership with Paxos, a blockchain infrastructure company regulated by the New York Department of Financial Services. Paxos will manage trading and custody of assets for PicPay. Paxos is also the issuer of USDP, a regulated US dollar stablecoin. Gradually, the exchange will be made available on the PicPay app, which has more than 30M active users. Trading will start from R$ 1 with PicPay also providing users with data and info on the crypto market within the exchange platform. “PicPay is one of the most disruptive players in payments in Brazil and our goal is to lead the growth of the crypto market, by eliminating the complexity that is still associated with it and expanding information on the technology, so that everyone can take advantage of this asset class, technology.” – Bruno Gregory, Head of PicPay’s Crypto and Web3 business unit Next Phases Later this year, users will be able to pay using cryptocurrencies in the PicPay app and will be able to complete crypto transfers. In addition to the crypto exchange, PicPay will soon launch its own stablecoin. It is to be backed by the Brazilian real, with one-to-one parity and will allow the PicPay stablecoin to be available as a payment method, anywhere that accepts crypto. “We’re excited to partner with PicPay to offer millions of Brazilians access to crypto markets and the Paxos regulated digital dollar USDP. PicPay is renowned for its innovative payments solutions, ensuring this partnership will make it easier for Brazilians to use digital assets safely in their daily lives.” – Mike Coscetta, Paxos Head of Revenue


引用リンク

出典:https://www.cryptoninjas.net/2022/08/10/brazil-payment-app-picpay-launches-new-crypto-exchange-service-with-paxos-technology/


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