The partnership enables PlasmaPay’s 100,000+ global users to purchase HARD, USDX, and KAVA tokens through simplified fiat on-ramp.
PlasmaPay, a global payment and remittance platform enabling seamless entry into decentralized finance, has announced a strategic partnership with Kava, a decentralized bank for digital assets providing users with stablecoins, loans, and interest-earning opportunities. The partnership will see the full integration of the Kava Protocol into PlasmaPay, allowing PlasmaPay users to purchase KAVA tokens and store them on the PlasmaPay wallet.
Ilia Maksimenka, CEO of PlasmaPay, said, “With Bitcoin currently enjoying a bull run akin to 2017 highs, interest in decentralized finances is as high as it’s ever been – migrating beyond the cryptocurrency enthusiast into the mainstream. At PlasmaPay we are dogmatic in our mission to bring DeFi to the masses. Adding protocols such as Kava to our repertoire is a continuation of our work to provide access to best-in-class assets for our users.”
Initially, this partnership will allow PlasmaPay users to purchase KAVA tokens, including HARD and USDX, at the PlasmaPay checkout. HARD is a governance token that was recently listed on Binance and BitMax for the first time. USDX is a stablecoin popular among users seeking to earn interest on their digital assets. The long-term collaboration will focus on full integration of Kava’s services, including the Kava wallet, into PlasmaPay’s decentralized financial infrastructure. PlasmaPay will also support Kava’s lending and staking protocols on Plasma Finance, allowing integration to the PlasmaPay DeFi Dashboard.
Commenting on the partnership, Brian Kerr, CEO of Kava, said, “I’m excited to bring HARD, USDX and KAVA to the 100,000 users across 165 countries that are currently being served by PlasmaPay’s wallet. The ability to buy crypto directly on the PlasmaPay wallet with a credit card opens up endless opportunities for anyone to easily access digital assets simply by downloading an app and entering their credit card information.”
PlasmaPay’s partnership with Kava Labs comes after a flurry of announcements from the DeFi service provider as it aims to open up access to digital assets for users across the globe.
