Plasma launched Plasma One, the first Neobank was fully built around Stablecoins, aimed at saving, spending and winners in digital dollars, the company announced a press release on Monday.
The platform is designed to correct what the company calls for a broken user experience for stablescoin holders, who are often faced with clumsy interfaces, limited local options and a friction when converting to cash.
Stablecoins are cryptocurrencies whose value is linked to another asset, such as US dollar or gold. They play a major role in the cryptocurrency markets, providing 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 because it puts us directly in the hands of people who face a financial exclusion, to offer access without authorization to savings, expenses, gains and the sending of digital dollars,” added Faecks.
Plasma One offers card payments with rewards, USDT transfers at zero fresh and rapid integration, all built on the own blockchain and plasma payment battery.
The company focuses on emerging markets where access to a dollar is the most critical, using local teams and peer cash networks to stimulate adoption.
The deployment was before the launch of the beta version of the plasma on September 25, with access that develops in steps.
Find out more: Plasma to launch the Blockchain Beta Mainnet for Stablecoins next week
