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Investors may be able to Buy Gold Backed Cryptocurrencies Sooner Than Expected

New York-based firm Paxos has revealed plans to launch cryptocurrencies backed by precious metals like gold and publicly traded stocks, by the end of 2019. The company currently offers a dollar-based cryptocurrency or stablecoin called Paxos Standard, and Bitcoin trading services. The Paxos Standard was launched in late 2018, by tying cash reserves to its distributed ledger. Paxos CEO, Chad…

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