Charles Cascarilla: PayPal Whisperer

In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Zack Seward's profile of Charles Cascarilla, one of CoinDesk's Most Influential People in 2020.

Paxos CEO Charles Cascarilla sees a bright future for tokenized assets — possibly through PayPal In a panel last week for the London Bullion Market Association, Paxos founder and CEO Charles Cascarilla discussed the growth of Paxos’ gold-backed ERC-20 token, PAXG, and the future of asset tokenization more generally — a future that could well involve his company’s recently-announced integration with financial giant PayPal. Speaking alongside Fidelity Labs director of product management Raghav Chawla and the LBMA’s Sakhila Mirza, Cascarilla told viewers that an asset-backed gold token was a....

In order to go beyond the crypto ecosystem, stablecoins need solid regulations, Paxos CEO Charles Cascarilla said. Paxos CEO Charles Cascarilla believes that stablecoins need solid regulation to go beyond being just a tool for crypto enthusiasts and achieving mainstream adoption.Speaking to Bloomberg, Cascarilla explained that stablecoins would be unable to build trust without regulation, which is critical to attracting interest from outside of the crypto community. You can’t change the financial system in the long term without being regulated, he said.Fundamentally, stablecoins allow a....

While crypto firms have been trying to build the crypto equivalent of PayPal, the company itself will soon enter the industry. The crypto world has been buzzing with excitement over the last couple of days, and rightfully so. Bitcoin (BTC) is currently hovering around the $13,000 mark, while Ether (ETH) has once again safely tread past the $400 threshold in spite of the KuCoin exchange hack and the unfortunate legal events that recently unfolded around BitMEX. That being said, this latest surge can largely be attributed to the decision of online payments processor PayPal to finally enter....

Bitcoin exchange itBit announced today it would relocate its headquarters from Singapore to New York City. According to a post on its blog, the company also announced it is replacing its founding CEO Rich Teo with Charles Cascarilla, a founding partner in itBit's investor Liberty City Ventures. The announcement is somewhat surprising, since Singapore is often seen as a world financial and banking hub on par with Switzerland, and an easier place in which to conduct bitcoin business than the regulation-heavy world of the US. New York City, though, is still the world center of trading....