Accept PAX Gold Payments

Pax Gold (PAXG) emerged as a gold-backed cryptocurrency from the minds behind Paxos Standard (PAX) in September 2019. Functioning as an ERC-20 token on Ethereum's blockchain, PAXG is tradable across numerous exchanges, providing traders with a convenient entry point into gold investments.

The primary aim driving Pax Gold is to enhance the tradability of gold. The physical commodity faces challenges in divisibility and transport flexibility. Hence, Paxos Standard opted to create a cryptocurrency fully supported by gold. According to the official whitepaper, Pax Gold was crafted to enable investors to purchase infinitesimally small amounts of gold via the cryptocurrency, effectively eliminating minimum buy limits for this valuable commodity.