BitPay began cooperation with Paxos. This is reported in the startup' blog.
According to the participants of the partnership, PAX will expand the capabilities of BitPay customers. The latter will be able to conduct transactions secured by "stability and confidence in the US dollar."
Previously, traders could work with Bitcoin and Bitcoin Cash via BitPay processing. In October, the service representatives announced support for the USD Coin and Gemini Dollar steylcoin companies.
According to CEO and co-founder Stephen Peir, PAX support will further expand the possibilities for low transaction costs settlement.
The vice-president of the company, Dorothy Chang, is confident that the new option will be of interest to traders in the first place. However, she has no doubt that this tool will also be of interest to traders.