Sponsored
188
views

PlasmaPay DeFi – A Smart Combo of Features for Users and Merchants

PlasmaPay is a payment processing system and FinTech platform built to meet the global digital economy’s needs. The network is best known for its unique combination of features and services geared primarily at merchants and powered by web 3.0 and blockchain. Recently, PlasmaPay announced the addition of DeFi functionalities. These new features will allow merchants and users to earn higher ROIs on their crypto holdings.

Real DeFi for Businesses

PlasmaPay DeFi combines the network’s payment processing capabilities with the ROI potential of DeFi. Merchants can set a percentage of their earnings to leverage these DeFi protocols automatically. This newly earned income can then produce passive income. Best of all, PlasmaPay handles all of the technical aspects of the procedure on the back-end. Users enjoy low transaction fees, high speed, interoperability, and easy accessibility to all the latest DeFi tools.

PlasmaPay – DeFi Banking Ecosystem

PlasmaPay is uniquely designed to capitalize on the innovative power of blockchain technology. Currently, the network encompasses a broad range of products and services. Specifically, PlasmaPay users gain access to a powerful crypto wallet, mobile apps, corporate accounts, distributed ledger technology, and crypt-to-fiat gateways. Keenly, the addition of DeFi services expands PlasmaPay’s catalog of functioning financial products in new directions. 

PlasmaPay – DeFi Services

PlasmaPay has a combination of DeFi services that is sure to excite investors. For example, users can leverage the HyperLoop Bridge Protocol to wrap their Bitcoin. Wrapped Bitcoin brings some serious advantages to the game. Specifically, it allows Bitcoin to be used in the DeFi world. That means Bitcoin holders can stake their coins and earn a passive income. 

Users enjoy a variety of ways to earn crypto. The network allows users to stake the native PPAY token to secure the network. Users can now stake their crypto in DeFi liquidity pools and start earning instant profits with little effort. Best of all, the system integrates into the merchant’s payment processor to leverage the DeFi services to improve profits.

Diverse Crypto Wallet

PlasmaPay’s wallet is one of the most robust in the market. The platform currently supports over 3000 coins, including Bitcoin, Ethereum, and all ERC-20 tokens. Multi-currency wallets are ideal for altcoin and DeFi investors. These platforms allow users to track all of their different investments from one portal.

Interoperability

PlasmaPay demonstrates some of the highest interoperability in the market. The system integrates with the popular WordPress payment plugin, WooCommerce. Impressively, 30% of all online companies worldwide utilize this plugin. Additionally, the network supports the Oauth connector for web3 integrations.

Speed

PlasmaPay is faster than nearly all first and second-generation cryptocurrencies. Reports put this platform’s performance at an impressive 160,000 TPS. This TPS (transaction per second) rate is ahead of major payment processors such as VISA or PayPal. 

No Gas Fees

Amazingly, PlasmaPay did a network upgrade this year that removed all gas fees from the system. Gas fees are what developers pay to execute smart contracts. In this way, PlasmaPay continues to lure new developers over to its blockchain.

Cross-Chain Transactions

PlasmaPay is a fourth generation-based platform. As such, the network has cross-chain capabilities. Cross-chain transactions are seen as one of the most promising new technologies because they eliminate the need for centralized services. 

How Does PlasmaPay Work?

In its simplest form, PlasmaPay is a digital payment Dapp created on top of the firm’s public blockchain, Plasma Chain. Plasma Chain is the first DeFi-based blockchain to enter the market. The goal of the project was to connect all financial hotspots in one place. To accomplish this task, the Plasma Chain network incorporates multiple layers.

PlasmaPay Dapps

The first layer of the Plasma Chain is dedicated to Dapps. The network seeks to create a robust ecosystem of Dapps for users to take advantage of in the coming months. Impressively, due to the removal of all gas fees, Plasma Chain developers can build payment networks with zero transaction fees.

PlasmaPay Financial Assets

The second layer of Plasma Chain handles the tokenization of financial assets. Tokenization is a core functionality of all new blockchains. It allows developers to create completely new markets where liquidity didn’t exist prior. 

Wallet

PlasmaPay offers a non-custodial wallet option to users. The wallet is packed with helpful features. There is a fiat on-ramp directly in the interface. Users can also deposit funds via credit or debit card in a seamless manner. Interestingly, PlasmaPay developers seek to launch credit and debit card services of their own in the coming weeks.

Exchange

Another strong feature of the platform is its in-wallet exchange. You can effortlessly trade crypto without ever using an exchange. This strategy saves you time and money. It’s also safer than using centralized exchanges, which are prone to hacks. 

Business Checkout

PlasmaPay provides merchants with a payment processing portal. This feature is designed to handle normal fiat transactions. It’s fast and takes only minutes to install.

Crypto Checkout

The crypto checkout tool is what allows businesses to accept cryptocurrencies directly using the PlasmaPay portal. The system provides customers with a 3D bar code to make payments. Merchants can check their balance and other vital data using this system.

PlasmaPay PPAY Token

The PPAY token is the native token for the PlasmaPay network. The token can be used for a variety of functions within the network. You can use PPAY for payments, staking, or governance. In this way, PPAY secures the network and helps maintain a community-driven approach to development. 

History of PlasmaPay

PlasmaPay entered the market in 2018. The Estonian -based firm quickly gained a reputation for its focus on consumer-centric innovations. Today, PlasmaPay provides services in 160+ countries with over 100,000 users and businesses. 

PlasmaPay – Perfect Timing

Bitcoin live price
Btc
Bitcoin
$29.362
price
2.84707%
price change
BUY NOW

PlasmaPay hit the nail on the head with its DeFi services. Who needs more revenue more than merchants during these hard times? They are always holding customer funds that could be making more profits. Now there is a user-friendly DeFi alternative in the market for the average merchant seeking more from their efforts. 

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

Stay up to date with our latest articles

More posts

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…

Rocket Global – A Next-Gen Hybrid Crypto Exchange

The market of crypto exchanges is crowded, and new initiatives in this niche always need to develop something innovative to have a chance of survival. The sector is still far from reaching a mature phase, and creative teams have an opportunity to improve the current inefficiencies of the market. Today we will talk about Rocket Global and impartially review its main features. Our short overview wishes to highlight the key characteristics of the project to let the readers form an…

C4G3 – A Project Featuring the First Decentralized Meme Index

Meme tokens have had immense success after launching on the market as a joke with Dogecoin ($DOGE). This niche gradually became a serious business as the coins’ market cap grew exponentially. The C4G3 Meme Index is the world's first digital asset index designed to track the performance of meme tokens within the cryptocurrency industry. Our review will look closely into this new project and provide the readers with the main details shared by the founding team. About C4G3 Creating an…

Stoner Doge – A Cannabis-Related Blockchain Project Oriented to Charity

It is not uncommon for blockchain developers to create a project to provide charities and non-profit organizations with funding. Stoner Doge is one of the latest examples in this market niche, with its intention to launch a cannabis-friendly project connected to charitable groups in the sector. Today’s review will introduce the project and its main features to the readers, and it will do so in a neutral way. Eventually, it will only be up to single investors to discover this…