[New York] A global, digital payment platform, PlasmaPay enabling seamless entry into decentralized finance was listed its native token, PPAY, on Bithumb Global and Uniswap last December. PlasmaPay’s mission is democratizing the DeFi market. PlasmaPay provides fiat on/off ramp services, with high-quality UX, to more than 100,000 cryptocurrency users from over 160 countries via mobile and desktop apps. PlasmaPay 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 following is an excerpt from the Korea IT Times’ interview with the CEO and founder of PlasmaPay, Illia Maksimenka.
Q: PlasmaPay recently launched a global digital payment platform that enables seamless entry into DeFi. Could you explain more about it?
Plasma. Finance, PlasmaPay’s DeFi dashboard, and portfolio management service, aggregates the most popular DeFi protocols from multiple blockchains to allow our users to manage their entire portfolio from a single simple interface. Novices will uncover our simple and intuitive dashboard design which makes it fun and easy to begin exploring the exciting world of decentralized finance, while more experienced users can harness the full power of our advanced financial tools.
Q: How does the PlasmaPay platform connected by DeFi protocol work?
PlasmaPay enables seamless entry into decentralized finance through aggregating the most popular DeFi protocols together into one open, the intuitive financial platform for both novice and experienced blockchain users alike.
Q: Why there is needed the new Plasma platform, the Finance Dashboard DeFi solution?
While PlasmaPay acts as a digital payment platform and banking solution, the Plasma. The finance dashboard gives users access to the most popular protocols in DeFi by putting everything together on one interface.
We envision our dashboard as a Portfolio management tool and see a real need on the market for an easy to use an interface that we created. The portfolio management tool displays the statistics of DeFi portfolio profitability, token balances on wallets, strategies and transaction history. The basis of the page is the functionality of Lego portfolio constructor that will allow you to make aggregated transactions using dozens of protocols: instantly exchange all your assets on the wallet for another asset, automatically close all strategies, take profit from all strategies, move all assets from one strategy to another, migrate liquidity from one protocol in the other and manage the repayment of all your loans and borrows.
Q: It seems that Plasma was built with both crypto beginners and traders in mind. Why has the suitability for use been hamstrung to the industry so far?
Despite the DeFi sector’s…