Paxos has attracted $300 million in Series D funding round – Bits Media

Cryptocurrency company Paxos held another round of funding, during which she received $300 million. Funds will go to the development of the platform and state expansion.

As a rassskazal General Director Paxos Chad Cascaria (Chad Cascarilla), Now is a very fertile time for Company, And "Money must be forged do not leave the cash register". PAXOS services are used by PayPal and Venmo payment application to provide customers with the possibility of buying cryptocurrencies. However, several more companies "approximately the same scale" turned to Paxos, which plan to introduce similar functions. To meet demand, it is necessary to continue the development of the platform, And this requires money.

“We want to be able to expand the team and platform. Besides, Such large clients want to see, that they are working with a company with great capitalization. To take this opportunity, We conducted another round of financing ", - said CEO Paxos.

On the clock carecarilles, Already this year, another company PAYPAL level should appear on the list of PAXOS clients. And in the coming years, the number of such customers can increase by three or even five units.

Note, that recently Paxos received
Conditional license from the management of the US money circulation controller (OCC) to create a separate trust, federally regulated.