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A comment on We will not pursue the potential acquisition of FTX. Parent comment

Re:We will not pursue the potential acquisition of FTX by TheAlchemist on Wednesday November 09, 2022 @08:58PM (#33541184)
"The reason why Paxos do not directly issue tokens on other chains is that they 1) likely do not have infrastructure for it yet 2) they are limited by commercial agreements or agreements with a regulator."

Yet ? We are talking multiple tens of Billions of $ and supposedly they don't have infrastructure YET ?

I don't know anything about the coin itself, but all of this sure smells like the small print that some will find very relevant when the time comes.

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Re:We will not pursue the potential acquisition of FTX by csomar on Wednesday November 09, 2022 @10:37PM (#33541882)
Ethereum is the standard for ERC-20 Tokens. It's not hard to get a TRC-20 (Tron) token up and running, but a more careful company might not consider it.

> Yet ? We are talking multiple tens of Billions of $ and supposedly they don't have infrastructure YET ?

These up billions of $$ of customers money which they make a kind of commission on. The commission is not going to be billions but rather millions; and crypto/blockchain infrastructure/developers are very expensive.

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