PlasmaPay Launches Plasma.Finance To Give Users Access To Popular DeFi Protocols

Global payment and remittance platform PlasmaPay has announced the launch of Plasma.Finance – a dashboard, and portfolio management service to help cryptocurrency users understand the rapidly growing DeFi ecosystem.

PlasmaPay is a global payment and remittance platform for consumer and commercial use providing fiat on/off ramp services to more than 100,000 users from over 160 countries via mobile and desktop apps. It uses blockchain technology to allow users to securely store crypto and fiat currency, buy and exchange digital assets, send and receive cross-border payments, and build payment networks with zero transaction fees. The company’s DeFi ecosystem allows the underbanked and unbanked population access the financial services without an intermediary.

Beyond finance, there is a growing interest in DeFi and its potential to improve existing current systems and infrastructures. It is no longer acceptable for industry players to promote an “incredible tool for inclusion” while no work is being done on the usability front. Despite the sector’s incredible promises, the level of complexity for users is still a major barrier to mass adoption.

To combat this, the Plasma.Finance dashboard will give users access to the most popular protocols in decentralized finance (DeFi) by putting everything together on one interface. The dashboard offers new features, including depositing funds in DeFi protocols, creating liquidity pools, borrowing/lending, portfolio management, DEX aggregators (Uniswap, 1inch, Balancer), Ethereum/BSC/Plasma/Polkadot chain support, and Web 3.0 wallet support through Metamask and Wallet Connect.

The DeFi dashboard will allow users to access not only a market overview but also a view into decentralized exchanges (DEXes), liquidity pools, savings accounts, cross-chain swaps, and more. Going beyond professional financial tools, PlasmaPay’s new dashboard will function as a bridge between the CeFi and DeFi markets through seamless fiat on-ramps and off-ramps for all users.

“DeFi hasn’t had the best track record when it comes to user experience. Users new to DeFi are often hampered by poor consumer experiences, as many DeFi protocols, platforms, and blockchains lack the user experience standard of centralized finance (CeFi),” said Ilia Maksimenka, CEO of PlasmaPay, “As institutional investors begin entering the cryptocurrency market, they need to be able to manage their new portfolios. Plasma.Finance will provide them with the advanced tools that they expect, bringing familiar features of CeFi to the DeFi landscape. Plasma.Finance aggregates these discrete elements and provides a single, easily-navigable solution – a major step towards achieving our long-term goal, to bring DeFi to the masses.”