On June 1, PANews reported, according to The Block, that House of Doge, a company related to Dogecoin, has partnered with Paxos to integrate Dogecoin into Paxos’s institutional-grade crypto brokerage and custody infrastructure. Paxos currently provides blockchain infrastructure to platforms such as PayPal, Venmo, Interactive Brokers, and Mercado Libre, enabling them to offer cryptocurrency buying, selling, and custody services to users. This partnership initially targets enterprise clients, and it remains uncertain whether Dogecoin will be made available on these consumer-facing applications in the future. Paxos stated that it will support Dogecoin’s availability on its platform and collaborate with enterprise clients to evaluate the expansion of digital asset offerings.
Dogecoin Integrated into the Paxos Network, Potentially Enabling PayPal and Venmo Access
PANewsShare
Summary
House of Doge has partnered with Paxos to bring Dogecoin onto its network upgrade, expanding access to institutional-grade custody and brokerage services. Paxos supports platforms such as PayPal and Venmo through its blockchain infrastructure. This move is part of ongoing on-chain developments, with an initial focus on enterprise clients. Paxos will evaluate future expansion of its digital asset offerings, including potential consumer access.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.