BitPay Integrates PAX Stablecoin Into Cryptocurrency Payment Platform40.45

Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.S. dollar-backed stablecoin.”

Although BitPay has previously integrated a number of different cryptocurrencies in its platform, such a widely trafficked stablecoin (the first of its kind to see support from the payment platform) holds certain distinct advantages, namely regulatory compliance and a stable value. Seeing as each PAX token represents $1, merchants and customers might feel more comfortable transacting the token in lieu of other cryptocurrencies, which are often subject to volatile price swings.

Original source
https://bitcoinmagazine.com/articles/bitpay-integrates-pax-stablecoin-cryptocurrency-payment-platform/

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