A global payment and remittance platform for people and business
According to LinkedIn, PlasmaPay is a global payment and remittance platform for people and businesses. PlasmaPay offers digital services to help its clients securely store crypto and fiat currency, buy and exchange crypto assets, make and receive payments, and run their own payment network with zero-fee transactions. The company stated that its mission is to create an open financial platform to unlock the full potential of new blockchain technologies. To achieve this, PlasmaPay’s marketplace offers integration to services like trading, international transfer, merchant services, payroll services, peer-to-peer lending, equity financing, and more.
PlasmaPay also developed its own blockchain, PlasmaChain, a blockchain claimed to be designed for banks and financial institutions to deliver unmatched efficiency, cost-free and global remittance, clearing, and settlement platforms. With the blockchain, PlasmaPay allows their clients to issue stable digital assets backed by local currency liquidity and make zero-fee cross-border transactions and local payments. According to its website, PlasmaPay solutions include but not limited to vault and processing for cryptocurrency, vault and processing for stablecoins, encrypted financial messenger, blockchain node with API, KYC/AML solution, and more.
To achieve its missions, PlasmaPay established partnerships with various key leaders in the industry, including but not limited to Orion Terminal, Base Protocol, Elrond, APY.Finance, KIRA Network, Settle, AnRKey X, Kava, Geeq, NEST Protocol, PAID Network, and Bitfrost. In addition to this, PlasmaPay also offers various fiat payment services such as VISA/MC bank cards, SEPA/SWIFT, supports more than 25 digital banks in the SEA region, native support for e-wallets with AdvCash support, and more.