PlasmaPay is strategically partnering 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 partnership 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 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 our DEX along with future DeFi products we release through an accessible interface. In the past we also partnered 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.
We look forward to working closely with PlasmaPay over the coming months in order to further 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.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.