Review on Paxos Standard by adem usta
Crypto Money Market with PAX
Paxos Standard has determined its slogan as the opportunity to process Internet speed. Paxos, with the goal of digitizing the US dollar, has been developed to transfer money regardless of time and place. PAX is a stablecoin that is important with the feature of the US dollar being stable along with Blockchain technology.
Paxos acts as a bridge between digital and fiat currencies. As we mentioned above, PAX functions as a stablecoin fully integrated with the dollar. PAX, which provides great benefits for cryptocurrency users in terms of transaction, is permanently at the level of 1 USD.
PAX specifies this cryptocurrency on its website as a cryptocurrency where transaction, payment and conversion fees are not charged. Another convenience feature is that there are no limits in purchase and sale transactions and payment channels. The platform on which PAX was developed is the Ethereum Blockchain. It provides the opportunity to convert crypto coins that are not stable in value, to a crypto currency that is integrated with the dollar.
Pros
- It is traded as a stable coin to protect your digital assets against the possibilities of volatility.
- It allows you to trade in your transactions and between your cryptocurrencies in a cheap and easy way.
- Banks in traditional systems have limited transaction hours. However, PAX allows you to trade outside of working hours.
- It allows you to easily transfer and pay around the world.
Cons
- It needs a little higher
