Paxos has expanded its network of partners in Brazil and other parts of Latin America as part of its plan to introduce its regulated blockchain infrastructure and tokenization platform to global enterprises.
The company has partnered with Mercado Libre, Nubank, and PicPay to offer secure digital asset services to a large user base. Paxos has seen a surge in demand for its offerings in the region, particularly from large enterprise firms interested in providing their customers with cryptocurrency, stablecoin, and bullion.
Paxos aims to enhance accessibility to cryptocurrencies in the region by expanding its enterprise partnerships, continuing to tokenize assets, and facilitating payments into and out of Brazil through regulated stablecoins.
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