New York, February 12, 2021 — Digital payment platform PlasmaPay has joined forces with CasperLabs, the team building Casper, a proof of stake blockchain network optimized for enterprise and developer adoption. The partnership will see PlasmaPay facilitate retail access to Casper’s native CSPR token by providing users with an integrated wallet and fiat onramp.
PlasmaPay’s trusted fiat on/off-ramp will enable the purchase and sale of Casper’s native CSPR token following the launch of its mainnet. PlasmaPay’s forthcoming decentralized exchange, PlasmaSwap, will also support CSPR token trading. Created for novice and professional traders, PlasmaSwap is a user-friendly DEX that supports limit trades, stop losses, and low gas fees.
As well as establishing fiat payment rails, PlasmaPay will equip the Casper Network with wallet infrastructure to enable CSPR token-holders to store and manage their digital assets in a secure, non-custodial cryptocurrency wallet. The digital wallet will also enable interaction with decentralized applications (dApps) built on Casper.
PlasmaPay CEO Ilia Maksimenka said: “The Casper Network is one of the most highly-anticipated mainnet launches of the year, and partnering with them gives us a great deal of satisfaction.”
Medha Parlikar, Co-founder and CTO at CasperLabs emphasized that “like PlasmaPay, CasperLabs is on a mission to minimize the barriers to crypto adoption and to enable retail interest which is essential to achieve our shared goal. ThroughPlasmaPay’s wallet and onramp to the CSPR supply we will provide their millions of users with secure and compliant access to our network. We are excited to partner with them to create a robust and distributed token holder community when we launch mainnet this spring.”
In addition to fiat and wallet infrastructure, the companies are working together to integrate PlasmaChain with the Casper Network, whose mainnet is set to launch in the first quarter of 2021. Unlike other blockchains, PlasmaChain is designed with the needs of both crypto and traditional finance in mind, helping payment companies, banks, and internet firms take advantage of blockchain technology in their everyday business.
Casper recently joined China’s state-backed Blockchain-Based Service Network (BSN), following on the heels of Ethereum, Cosmos and Polkadot. The ascension of Casper to BSN means the scalable decentralized network will open itself up to a community of dApp developers throughout the Asia region. The company raised $14 million in a private token sale last October, led by crypto fund Digital Strategy.
PlasmaPay is a global digital payment platform enabling seamless entry into decentralized finance. PlasmaPay provides industry-leading UX, crypto/fiat wallets, and fiat on/off ramp services. Plasma.Finance is PlasmaPay’s DeFi dashboard which aggregates the most popular DeFi protocols from different blockchains and allows users to manage their portfolio in one simple interface.
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About Casper Network
Casper lets organizations of all kinds realize the power and potential of blockchain technology. The Casper protocol, which will launch on mainnet in Q1 2021, powers the first fully decentralized, proof-of-stake blockchain network. Casper allows businesses to create new markets and unlock value by tokenizing nearly any asset, without compromising on performance or security.
CasperLabs, the developer of the Casper Network, provides professional services and support for organizations building on the Casper network. Guided by open source principles, CasperLabs is committed to supporting the next wave of blockchain adoption among businesses and providing developers with a reliable and secure framework to build private, public and hybrid blockchain applications. Its team possesses deep enterprise technology experience, hailing from organizations including Google, Adobe, AWS, Dropbox and Microsoft. To learn more, visit casperlabs.io.