So why is #plasma a significant innovation in Payment Processing?
More and more consumers don’t need or desire the rigorous details of Blockchain computation; they simply want access to “speedy” and “free” transfers of their funds. The core fountainhead, if you will, of $XPL is the foundation of a network designed first and foremost for the end-user experience. Utilizing Paymaster technology, Plasma eliminates the agony of Gas Fees that has plagued crypto users since its inception.
What are the differentiating factors that establish the value proposition for the Plasma Ecosystem?
Invisible Technology: Users of this space are able to utilize and transfer Stablecoins to and from one another without concern for the fees charged by either the Originating Network or Ultimate Destination Company. Plasma offers consumers a method to transfer Stablecoins that is as effortless as utilizing a traditional bank mobile app, yet secure on a Blockchain.
Global Availability: Regardless of the type of use case, cross-border remittances, domestic purchases, etc., Plasma has been constructed to meet the Worldwide scale necessary to facilitate Global Commerce.
Synergies with Binance Wallet: Plasma is EVM compatible, thus consumers can utilize and manage their $XPL assets from their Binance Web3 Wallet, keeping their funds securely accessible.
We are entering an era in which cryptocurrencies will no longer just be utilized for trading; instead, they will become part of our everyday lives. @undefined is leading the way in the transformation of Stablecoins into a truly viable currency option for everyday use. If you can envision a world where everyone has access to fast, fair, and free digital payment options, then you should closely monitor this growing entity.
