Crypto enthusiasts wondering why PayPal has skipped over the fourth-largest cryptocurrency by market cap, XRP, are getting some answers.
PayPal has partnered with the crypto exchange and stablecoin issuer Paxos Trust Company to allow its millions of users in the US to buy, sell and store Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
In a new interview on the Unchained Podcast, Paxos CEO and co-founder Charles Cascarilla says the two companies are, in part, looking to the Securities and Exchange Commission (SEC) to determine which assets to support.
“That’s what [PayPal was] looking for and that’s what we had. We actually have authority to be able to custody and trade additional tokens. We have Pax Gold, which is one of our tokens. We have Pax dollars. So there are other products that we have that weren’t included in the crypto brokers launch. But in terms of pure cryptocurrencies, those are