Chad Cascarilla on Paxos's Partnership With PayPal - Ep.151

Paxos CEO and cofounder Chad Cascarilla discusses his company's partnership with PayPal, which just opened up its crypto purchase and selling product to all its US customers. In this episode, he covers:
how Paxos enables PayPal's crypto product
the regulatory steps Paxos took to make this happen
why $200 billion company like PayPal would partner with a small company like Paxos
how Paxos Crypto Brokerage works 
how Paxos provides the regulatory cover that PayPal needs for this offering, along with custodial and liquidity services
why this product sources its coins on Paxos's ItBit exchange
how the four crypto assets available on PayPal — bitcoin, ether, litecoin and bitcoin cash — were chosen
what other tokens one might expect to be offered through Paxos Crypto Brokerage, and possibly by extension by PayPal
how PayPal gets around the scaling issues on Bitcoin and Ethereum
whether Paxos's stablecoin business might be used by PayPal
if PayPal does acquire BitGo, what that would mean for Paxos offering custody for PayPal through its brokerage
how Paxos's equity settlement platform is going, and where it could go over time
how and why Paxos is applying to the SEC to become one of three clearing agents 
 
Thank you to our sponsor!
Crypto.com: http://crypto.com
 
Episode links:
Chad Cascarilla: https://www.linkedin.com/in/charlescascarilla/
 
Paxos: https://www.paxos.com
 
PayPal now offers crypto purchases to all its customers: https://www.theblockcrypto.com/linked/84398/paypal-opening-up-app-crypto-users
 
Original announcements about PayPal offering crypto purchases with Paxos: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency 
https://www.theblockcrypto.com/post/81794/paypal-to-enable-crypto-purchases-with-the-help-of-paxos
Paxos announcement: https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/
 
Paxos Crypto Brokerage: https://www.prnewswire.com/news-releases/paxos-introduces-paxos-crypto-brokerage-service-to-power-digital-asset-buying-and-selling-in-any-product-301093761.html
 
PayPal approved for conditional BitLicense: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211
 
Paxos’s stablecoin business: https://www.theblockcrypto.com/genesis/54254/a-deep-dive-into-the-paxos-stablecoin-ecosystem
 
PayPal rumored to be in talks to acquire BitGo: https://www.coindesk.com/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo-bloomberg
 
Paxos working with Revolut: https://www.coindesk.com/uk-fintech-firm-revolut-brings-bitcoin-ether-trading-to-us-customers
 
Paxos equity settlement business: https://www.theblockcrypto.com/linked/56494/paxos-equity-settlement-business-goes-live-with-credit-suisse-and-nomuras-instinet-as-first-clients
 
https://www.theblockcrypto.com/post/44901/paxos-looking-to-upend-a-massive-corner-of-wall-street-credit-suisse-on-board-for-pilot
 
Link to the Crypto News Recap:
https://unchainedpodcast.com/1st-paxos-interview-since-paypal-news/

Paxos CEO and cofounder Chad Cascarilla discusses his company's partnership with PayPal, which just opened up its crypto purchase and selling product to all its US customers. In this episode, he covers:

how Paxos enables PayPal's crypto product the regulatory steps Paxos took to make this happen why $200 billion company like PayPal would partner with a small company like Paxos how Paxos Crypto Brokerage works  how Paxos provides the regulatory cover that PayPal needs for this offering, along with custodial and liquidity services why this product sources its coins on Paxos's ItBit exchange how the four crypto assets available on PayPal — bitcoin, ether, litecoin and bitcoin cash — were chosen what other tokens one might expect to be offered through Paxos Crypto Brokerage, and possibly by extension by PayPal how PayPal gets around the scaling issues on Bitcoin and Ethereum whether Paxos's stablecoin business might be used by PayPal if PayPal does acquire BitGo, what that would mean for Paxos offering custody for PayPal through its brokerage how Paxos's equity settlement platform is going, and where it could go over time how and why Paxos is applying to the SEC to become one of three clearing agents 

 

Thank you to our sponsor!

Crypto.com: http://crypto.com

 

Episode links:

Chad Cascarilla: https://www.linkedin.com/in/charlescascarilla/

 

Paxos: https://www.paxos.com

 

PayPal now offers crypto purchases to all its customers: https://www.theblockcrypto.com/linked/84398/paypal-opening-up-app-crypto-users

 

Original announcements about PayPal offering crypto purchases with Paxos: https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency 

https://www.theblockcrypto.com/post/81794/paypal-to-enable-crypto-purchases-with-the-help-of-paxos

Paxos announcement: https://www.paxos.com/paypal-paxos-bring-crypto-to-millions-of-users/

 

Paxos Crypto Brokerage: https://www.prnewswire.com/news-releases/paxos-introduces-paxos-crypto-brokerage-service-to-power-digital-asset-buying-and-selling-in-any-product-301093761.html

 

PayPal approved for conditional BitLicense: https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202010211

 

Paxos’s stablecoin business: https://www.theblockcrypto.com/genesis/54254/a-deep-dive-into-the-paxos-stablecoin-ecosystem

 

PayPal rumored to be in talks to acquire BitGo: https://www.coindesk.com/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo-bloomberg

 

Paxos working with Revolut: https://www.coindesk.com/uk-fintech-firm-revolut-brings-bitcoin-ether-trading-to-us-customers

 

Paxos equity settlement business: https://www.theblockcrypto.com/linked/56494/paxos-equity-settlement-business-goes-live-with-credit-suisse-and-nomuras-instinet-as-first-clients

 

https://www.theblockcrypto.com/post/44901/paxos-looking-to-upend-a-massive-corner-of-wall-street-credit-suisse-on-board-for-pilot

 

Link to the Crypto News Recap:

https://unchainedpodcast.com/1st-paxos-interview-since-paypal-news/