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Paxos ® Launches New Stablecoin, Paxos Standard™

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Paxos

NEW YORKSept. 10, 2018 /PRNewswire/ — Paxos today announced the launch of Paxos Standard™, the world’s first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.

As a digital asset, Paxos Standard can move instantaneously anywhere in the world. Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds, and can, therefore, offer greater protections for customer assets than any other existing stablecoin. Dollar deposits are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks.

“Paxos Standard gives financial markets the power to transact in a fully USD-collateralized asset with the benefits of blockchain technology and oversight from financial regulators,” said Charles Cascarilla, CEO and co-founder of Paxos. “We believe that Paxos Standard represents a significant advancement in digital assets, leveraging the oversight and stability of the traditional financial system and enabling a frictionless global economy.”

PaxosVerified Paxos customers can purchase and redeem tokens directly through Paxos.com on a 1:1 basis with USD. When Paxos Standard tokens are in circulation, the corresponding dollars are held in reserve. Upon redemption for dollars, Paxos Standard tokens are immediately destroyed. Tokens are only in circulation when the corresponding dollars are in custody.

Investors who trade digital assets through the itBit exchange or OTC desk have the option to withdraw digital assets to Paxos Standard instantaneously. Paxos Standard is available to be listed on other venues and will trade under the ticker symbol PAX™.

Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditor Nomic Labs and account balances will be audited by top U.S. auditors.

Paxos has long been a partner to institutional investors, focused on financial compliance since its genesis as the first NYDFS-approved Trust company to offer trading and custody services for digital assets through its exchange, itBit, one of the leading crypto asset exchanges. Cascarilla added:

“In the current marketplace, the biggest hindrances to digital asset adoption are trust and volatility. As a regulated Trust with a 1:1 dollar-collateralized stablecoin, we believe we are offering an asset that improves on the utility of money.”

Paxos today has also published a white paper explaining product construction and design decisions for Paxos Standard. To download the paper and read more about Paxos Standard, please visit www.paxos.com/standard.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Press Releases

Bitcoin Events to Host South Africa’s First Crypto Festival

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Crypto Festival

Bitcoin Events is delighted to be hosting South Africa’s first Crypto Festival in Cape Town on 7 September 2019.

Bitcoin EventsThere’s been a lot of renewed interest in cryptocurrencies in Africa and globally, and the Crypto Festival will highlight the exciting opportunities that cryptocurrencies offer individuals and organisations: from investing, trading, mining and transacting to privacy, security, price volatility, tokenisation of assets, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs).

South Africa is at the forefront of crypto adoption. It has the highest percentage, 10.7%, of internet users owning cryptocurrencies, twice the global average of 5.5%, according to a recent international survey by social media management firm Hootsuite in partnership with London-based WeAreSocial.

Bitcoin and other cryptocurrencies have certainly changed the way we think about money, privacy, investments, payments and more. Cryptocurrencies are a disruptive innovation that numerous start-ups and individuals are leveraging, along with blockchain technology, to build innovative products and services for consumers and businesses alike.

We are expecting about 150-200 attendees from various backgrounds and industries at the Crypto Festival: crypto exchanges, payment systems, investment firms, mining operations, trading enthusiasts and companies, ICOs and IEOs, legal practitioners, crypto enthusiasts, blockchain developers, thought leaders, industry innovators and entrepreneurs.

Grab your Early Adopter ticket now for ONLY R450!

The Crypto Festival Call for Papers is Open

Our call for papers is now open, so don’t miss this opportunity to share your insights and expertise with our audience by submitting your paper now.

For more information on the Crypto Festival, visit Cryptofest or email the team at info@blockchainafrica.co.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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“Mobile Localbitcoins” Totalcoin Integrates Ripple

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TotalCoin

Mobile cryptocurrency platform Totalcoin to add support for Ripple. Users of Totalcoin will be able to create wallets for XRP in addition to Bitcoin, Ethereum, Litecoin, and Dash wallets.

For the first time in the history of cryptocurrency, XRP can be transferred anywhere in the world by phone number.

The update is currently being tested and will be released soon.

TotalCoin

Moreover, Totalcoin added a feature of instant exchange of Bitcoin Cash ABC and Bitcoin Cash SV for Bitcoin and vice versa. The platform now supports 20 cryptocurrencies for exchange.

The nearest plans of Totalcoin are the development of a web version of the app, an increase of the number of supported cryptocurrencies, and redesign of user interface elements.  

Totalcoin is a unique mobile cryptocurrency app, that combines a cryptocurrency wallet, a P2P platform for buying and selling Bitcoin, and an opportunity to instantly exchange Bitcoin for another cryptocurrency and vice versa.

Beta testing of Totalcoin was successfully completed late in 2018. The app has been downloaded more than 15 thousand times.

Major advantages of the app are low fees, built-in cryptocurrency wallet, opportunity to send cryptocurrency using a phone number, live customer support, convenient user interface, and profitable referral program.

The application is available on iOS and Android.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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AnthemGold Announces Minting of First 1000 AGLD Gold Stablecoins Fully Backed And Fully Insured Gold Bars In Highly Secure Class 3 Vault

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AnthemGold

April 29, 2019, Austin, TXAnthemGold, Inc. a Texas-based blockchain company, is proud to announce the minting of its first 1000 AGLD gold stablecoins on April 23rd, 2019.  After successfully launching mainnet live on April 10th, 2019, the company now has 100% insured, fully gold-backed with all bars on video asset tokens available for purchase. 

Anthem Blanchard, CEO of AnthemGold, states, “Our team is very excited to combine gold with a stablecoin, bringing the power of freedom of wealth movement and store of value stability to people all over the world.”

AGLD gold token is the first gold stablecoin offered to U.S. citizens as well as to residents of 174 total countries.

Cynthia Blanchard, President of AnthemGold, says, “We have been working toward this goal for five years. This is a very proud moment for us.”

Grey Jabesi, AnthemGold’s Chief Visual Officer, adds: “AnthemGold is a perfect hybrid for those who strongly believe in both physical assets like gold, as well as the revolutionary potential of cryptocurrencies.”

All AGLD tokens are fully backed by .9999 fine gold kilogram bars. Each kilobar backs 1000 AGLD stablecoins.  All kilobars are stored in a high security, private Class 3 vaulting facility on video surveillance.  All kilobars are fully insured, making AnthemGold the first blockchain stablecoin to have this highest level of security and insurance.

All bar inventory is photographed with x-ray spectrometer, tracked and stored by the Hercules protocol, an indisputable tracking system launched October 29th, 2018.  All bar inventory logs are viewable and all kilogram bars are on video display live on the AnthemGold website. 

About AnthemGold, Inc.

AnthemGoldAnthemGold offers a new, cost-effective, convenient and secure way to buy, own and utilise physical gold electronically as a peer-to-peer store of value. Its blockchain-powered crypto token/digital asset AGLD provides one of the lowest cost and most flexible forms of direct gold ownership. Each AGLD is backed by one gram of gold, and each token represents direct ownership of physical gold bullion held in the form of fully-allocated, segregated London Bullion Market Association (LBMA) Good Delivery bars within the highly-secure and insured Anthem Bunker storage facility.

Contacts: 

Josh Gunter, Director of Client Services jgunter@anthemgold.com

Website: https://anthemgold.com/

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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