PicPay, a Brazilian payment app, has launched a cryptocurrency exchange in collaboration with Paxos

Published on:

Last Updated on August 14, 2022 by Bitfinsider

The Brazilian payment app announced that users can now buy, sell, and hold cryptocurrencies on its platform. PicPay has launched its cryptocurrency exchange service, which will initially support the trading of Ethereum, Bitcoin, and the dollar-backed stablecoin USDP. The company has stated that it intends to list over 100 cryptocurrencies. Paxos, a blockchain infrastructure company and stablecoin USDP issuer, helps run the exchange. Paxos, which is regulated by the New York Department of Financial Services, will manage PicPay’s trading and asset custody.

PicPay is looking to go above and beyond for its user base by offering crypto investments to average Brazilians. The company is also considering a service that will allow crypto users to make payments directly with cryptocurrencies, eliminating the need to first exchange assets for fiat currency. Similarly, the system will liquidate cryptocurrencies for merchants who receive them, shielding them from market volatility and allowing them to store stable assets. PicPay intends to launch its own Brazilian real-pegged stablecoin.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked.

To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor


Are you new to investing and would like to find out more about investments and cryptocurrency? If you know nothing about a topic and want to become an expert on it, one fool proof way to start is to read good books about the topic.

If you read one book about a topic, you will be able to share knowledge or discuss the topic at an elementary level with almost everyone.

Read three books and you will likely know more than the majority of people and will be able to discuss the topic at an intermediate to expert level.

  1. The Intelligent Investor by Benjamin Graham
  2. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs and More by Ian Balina
  3. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them by Antony Lewis

Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.

Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related