Blockchain Startup CasperLabs Teams With Digital Payment Platform PlasmaPay

Global payment and remittance platform PlasmaPay has announced its partnership with Blockchain protocol research and development company CasperLabs.

PlasmaPay provides fiat on/off ramp services to more than 100,000 users from over 160 countries via mobile and desktop apps. It 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 company’s DeFi ecosystem allows the underbanked and unbanked population access the financial services without an intermediary.

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.

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 forthcoming decentralized exchange, PlasmaSwap, will also support CSPR token trading. Additionally, the partnership 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.

“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,” said Medha Parlikar, Co-founder and CTO at CasperLabs. “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.”

The two companies are also 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.

“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,” PlasmaPay CEO Ilia Maksimenka said.

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