{"id":139775,"date":"2024-10-15T21:00:59","date_gmt":"2024-10-15T18:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139775"},"modified":"2024-10-15T18:37:18","modified_gmt":"2024-10-15T15:37:18","slug":"paxos-partners-with-stripe-to-revolutionize-stablecoin-payments","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/paxos-partners-with-stripe-to-revolutionize-stablecoin-payments\/","title":{"rendered":"Paxos Partners with Stripe to Revolutionize Stablecoin Payments"},"content":{"rendered":"<p>Recently, Paxos <strong><a href=\"https:\/\/paxos.com\/blog\/paxos-launches-new-stablecoin-payments-platform\/\" target=\"_blank\" rel=\"nofollow\">revealed<\/a><\/strong> its collaboration with Stripe, which will integrate this platform into its Pay with Crypto feature, enabling users to facilitate stablecoin transactions while converting them into fiat currencies like the U.S. dollar.<\/p>\n<p>The new infrastructure includes an API designed to enhance the speed and reduce the costs of international payments compared to conventional methods. A spokesperson emphasized that the primary focus is on PSPs and fintechs, allowing them to incorporate this technology rather than targeting individual merchants directly.<\/p>\n<p>To access the service, users must create a wallet with Paxos, enabling them to decide whether to accept stablecoins or convert them into fiat currency.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/australia-launches-its-first-ethereum-eth-etf\/\" title=\"Australia Launches Its First Ethereum (ETH) ETF\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/ethereum-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Australia Launches Its First Ethereum (ETH) ETF<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>At launch, the platform will support exchanges between the U.S. dollar and three stablecoins: Pax Dollar (USDP), PayPal USD (PYUSD), and Circle\u2019s USD Coin (USDC). While it starts in the U.S., Paxos plans to extend its services internationally.<\/p>\n<p>Once businesses are set up, they can accept payments globally. Customers have the option to convert stablecoin payments to fiat or transfer them directly to merchants, who can issue refunds by converting fiat back into the original stablecoin.<\/p>\n<p>Paxos positions this technology as a significant leap in payment capabilities while adhering to regulatory standards. With the stablecoin market recently exceeding $170 billion, Paxos is dedicated to continuously adding new assets and platforms in response to customer needs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paxos is taking strides to increase stablecoin use in the payment sector with a robust new platform aimed at payment service providers (PSPs) and fintech companies.<\/p>\n","protected":false},"author":9,"featured_media":38368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-139775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paxos Partners with Stripe to Revolutionize Stablecoin Payments<\/title>\n<meta name=\"description\" content=\"Paxos is taking strides to increase stablecoin use in the payment sector with a robust new platform aimed at payment service providers ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/paxos-partners-with-stripe-to-revolutionize-stablecoin-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paxos Partners with Stripe to Revolutionize Stablecoin Payments\" \/>\n<meta property=\"og:description\" content=\"Paxos is taking strides to increase stablecoin use in the payment sector with a robust new platform aimed at payment service providers ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/paxos-partners-with-stripe-to-revolutionize-stablecoin-payments\/\" \/>\n<meta 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