PlasmaPay is strategically collaborating with Injective to enable new fiat on-ramps for INJ. This is a major development towards further adoption of Injective since now users can access INJ with accessible fiat gateways while gaining the ability to interact with a number of DeFi products through a user-friendly frontend interface.
PlasmaPay is a global cryptocurrency wallet and digital payments DApp (decentralized application) that provides fiat on/off ramp services via mobile and desktop apps to users from over 165 countries. Individuals and businesses can use the upcoming PlasmaPay dashboard to buy, sell or exchange digital assets and send or receive cross-border payments.
The collaboration will focus on adding the INJ token to the PlasmaPay platform while also enabling easy access to Injective’s derivatives exchange through the PlasmaPay dashboard.
“I think PlasmaPay is doing great work in terms of bridging together traditional finance with DeFi. This is definitely an ethos both them and us here at Injective share, so it is exciting to see the adoption of our project continue to grow through these channels,” said Injective Labs CEO, Eric Chen.
PlasmaPay has also been working on a number of DeFi products that will enable cross-chain staking and lending from the same interface. This is quite useful since now users can access the Injective DEX along with future DeFi products released through an accessible interface. In the past Injective also collaborated with Frontier in a similar effort.
“Injective is leading a meaningful revolution when it comes to the creation of a fully decentralized derivatives exchange. We are excited to support in an effort to accelerate DeFi adoption globally,” said PlasmaPay CEO, Ilia Maksimenka.
Bringing PlasmaPay to the Injective ecosystem will help bridge the gaps between traditional finance and DeFi.
PlasmaPay is a global cryptocurrency wallet and digital payments DApp (decentralized application) that provides fiat on/off ramp services via mobile and desktop apps to users from over 165 countries. Individuals and businesses can use the upcoming PlasmaPay dashboard to buy, sell or exchange digital assets and send or receive cross-border payments. Built on their own public blockchain tech called the Plasma DLT (distributed ledger technology), PlasmaPay aims to be the missing link that connects the underbanked and unbanked population with the DeFi ecosystem to provide them financial services without banks.
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.