Yahoo Finance published this video item, entitled “‘Blockchain technologies can create a more efficient, secure …financial system’: Paxos Global” – below is their description.
#crypto #blockchain #cryptocurrency
PaxosGlobal CEO Charles Cascarilla testified about block chain technology before the House Financial Services on Capitol Hill.
Yahoo Finance YouTube Channel
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A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.
Paxos is a regulated blockchain infrastructure platform, building a new, open financial system. Paxos clients include global enterprises PayPal, Credit Suisse, Societe Generale, StoneX and Revolut.
Paxos is a top-funded blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital and PayPal Ventures.
Paxos has offices in New York, London and Singapore.
