Since Monday, the largest provider of cryptocurrency wallets, Blockchain, will allow users to swap between digital assets and Paxos Standard (PAX) stablecoin directly in a mobile application. Also, Blockchain is considering the possibility of adding fiat assets, CoinDesk reports.
Doing the stablecoin project here with PAX is a really big deal because it’s not just that we are adding a new asset, it’s adding a true dollar balance into the wallet. Anyone with an internet connection can download a wallet and get USD funds, essentially. … People everywhere can now have access to all sorts of assets the same way they can access all sorts of information.
Head of wallet department and strategy, Blockchain
According to Peter Smith, the CEO and founder of Blockchain, his wallet is responsible for 22% of all online transactions in the Bitcoin network.
It is noteworthy that after the US, Blockchain has the most users from Russia, Brazil and Argentina.
Additionally, the company is actively expanding its staff. Over the past year, she hired about 90 people and continues to look for specialists.