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 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 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.
“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.
“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,” CasperLabs cofounder and CTO Medha Parlikar said. “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. PlasmaChain is designed to help payment companies, banks, and internet firms take advantage of blockchain technology in their everyday business, the company said.
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.
