Plasma has launched Plasma One, the first neobank built completely around Stablecoins, with the aim of saving, expenses and gaining digital dollars without problems, the company said in a press release on Monday.
The platform is designed to fix what the company calls a broken user experience for Stablecoin headlines, who often face clumsy interfaces, limited local options and friction when becoming cash.
The stable are cryptocurrencies whose value is linked to another asset, such as the US dollar or gold. They play an important role in cryptocurrency markets, providing a payment infrastructure, and are also used to transfer money internationally.
“The dollar is the product, and most of the world is desperate to access it,” said Plasma CEO, Paul Faecks.
“Plasma One is our response to the distribution problem, since it puts us directly in the hands of the people who face a financial exclusion, providing access without permission to save, spend, win and send digital dollars,” Faecks added.
Plasma One offers card payments with rewards, Usdt transfers of zero rate and rapid incorporation, all built in the blockchain pile and plasma payments.
The company is focusing on emerging markets where access to the dollar is more critical, using local equipment and cash networks between peers to boost adoption.
The deployment advances to the launch of Mainnet Beta plasma on September 25, with access ready to expand in stages.
Read more: Plasma to start Beta Blockchain Mainnet for Stablecoins next week
