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Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C.
Paxos Trust Company LLC, the issuer of the PAX dollar-pegged stablecoin, sees its Paxos Gold (PAXG) coin immediately adopted within the crypto ecosystem.
“We’re really a technology firm at heart, and so we’re trying to give you the confidence of a bank, but the innovation of Silicon Valley,” Paxos CEO Charles Cascarilla says.
“That’s just different from, I think, most institutions that are in the banking world today,” he says in an interview with Jim Cramer on “Mad Money.”
Paxos offers a regulated gold-backed digital coin called PAX Gold that allows investors to own and trade physical gold.
Alpha Bullion is an innovative service for redeeming PAX Gold tokens for real, physical gold. Each token acts as proof of ownership for 1 oz of gold stored at no additional cost in bar form in some of the most secure vaults in London. This provides all the stability benefits offered by precious metals without the burden of storage or shipping. It also allows for a market first feature, as the potential for cryptocurrency loans using PAX Gold would allow customers to essentially earn dividends on precious metals. This unique bridge between the ancient and the innovative has already drawn attention from press such as Coindesk and Jim Cramer of Mad Money. Learn more by following select external articles on our blog, and stay tuned for more original content from Alpha Bullion.