The following transcript is taken from episode eighteen of The Scoop, The Block’s first podcast. Listen below and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to email@example.com. This transcript has been edited for clarity and length.
Paxos wears many hats in the blockchain ecosystem. It offers one of the better known stable coins, $PAX. Operates a crypto currency exchange, that’s itBit and the company provides products that help large firms use blockchain to improve their settlement systems. But at the heart of Paxos (according to CEO Charles Cascarilla) is to move the financial system onto the blockchain — it’s a move he says could prevent future financial calamities like what the market saw in 2008. On this episode of The Scoop Cascarilla talked about the growth of its stable coin and why stable coins are a better alternative for merchants. I hope you enjoy the episode