Plasma.Finance - DeFi & NFT Metaverse
  • ๐Ÿ‘‹Welcome to Plasma.Finance - DeFi & NFT Metaverse
  • ๐Ÿš€What is Plasma Finance dApp?
  • ๐Ÿ’กPlasma Team Vision
  • ๐Ÿ‘จโ€๐Ÿ’ปPlasma Team
  • ๐Ÿ“šDeFi Glossary
  • ๐Ÿ’ŽPlatform Overview
    • DeFi/NFT Portfolio Management
    • Market, News and Media
      • How to add your token to Market Page
    • Token Page
    • HyperDEX Swap
      • Limit Orders on HyperDEX
      • Using Limit Orders on HyperDEX
    • PlasmaSwap AMM
    • Liquidity Pools
    • Savings and Strategies
    • SpacePort IDO Launchpad
    • Innovation IDO Hub
    • Blockchain Support
    • Global Fiat On-ramp System
    • Plasma Gas Station
    • Wallet Management
    • Cross-chain Bridge
  • ๐ŸฐPlasma Governance
    • ๐Ÿ›๏ธPPAY Tokenomics
    • ๐Ÿ›๏ธxPPAY Community Token
    • โš™๏ธGovernance Process
    • โš™๏ธGovernance Venues
    • ๐Ÿ›๏ธgPPAY Govenance Token
    • โœจPlasma DNA and Web3 Financial DAO
  • โš™๏ธDevelopment Roadmap
    • 0xPlasma Labs Roadmap
    • Features and protocols development status
  • โ”Guideline - How To
    • How to Add a New Token to Your Wallet
    • How to Connect Your Wallet to Plasma.Finance
    • How to stake PPAY
    • How to trade/swap erc20 tokens on Plasma.Finance?
    • How to create a liquidity pool for a new token?
    • How to add liquidity to the pool?
    • How to migrate liquidity (LP tokens) to PlasmaSwap from SushiSwap and Uniswap with Rebalancer Tool
  • ๐Ÿ’ปPolygon (Matic)
    • How to switch network in MetaMask on Polygon
    • How to get a MATIC token to sign cheap transactions on Polygon
    • How to add Plasma $PPAY token from Polygon network to your MetaMask
    • How to move Plasma $PPAY from Ethereum to Polygon and back. Cross-chain bridge
    • Polygon Explorer
    • Polygon Bridge
  • ๐Ÿš€SpacePort Launchpad
    • How to launch IDO (for projects)
    • How to participate in IDO (for users)
    • SpacePort Landing
  • โš™๏ธHyperDEX Widget
    • About HyperDEX Widget
    • HyperDEX Widget Integration
  • ๐Ÿ”ŠSocials
  • Discord
  • Twitter
  • Telegram Eng
  • Github
  • Medium
Powered by GitBook
On this page
  1. Platform Overview

Global Fiat On-ramp System

PreviousBlockchain SupportNextPlasma Gas Station

Last updated 3 years ago

One of the first major hurdles in crypto adoption has been the acquisition of cryptocurrency โ€“ few people are able to earn crypto directly or generate new assets through mining activities, so the most obvious route to owning crypto assets would be to purchase some with fiat.

While itโ€™s become increasingly easy to do this, it adds another layer of access when it comes to using the majority of DeFi services. This is because a new user would first need to acquire crypto since crypto assets are required to participate in DeFi. The majority of DeFi platforms, however, do not have an integrated way โ€“ referred to as a fiat on-ramp โ€“ to purchase crypto with fiat, forcing a newcomer to obtain their first crypto via exchanges or other services that offer customers the ability to exchange their fiat money for cryptocurrency.

Plasma.Finance removes this additional layer by integrating a Fiat On-ramp, using its own PlasmaPay payment processor, giving users the ability to exchange their fiat money for cryptocurrency directly on the DeFi platform using current market rates.

It offers many different providers as well, catering to popular payment methods such as credit cards and bank wires. As DeFi markets look to welcome a broader range of users from the wide and varied traditional finance space, Plasma.Finance also comes ready with a diverse range of e-wallets popular in various regions throughout the world, ensuring a wide reach of customers. For example, USA and worldwide customers can buy crypto using MoonPay which supports ApplePay, GooglePay and others, while Southeast Asian, Australian, New Zealand and Indian customers can directly pay with XanPool, and European users can buy with euros directly with bank transfers.

Today, PlasmaFinanceโ€™s DeFi fiat on/off ramp serves 160+ countries better supported with fiat capabilities, using payment solutions with responsible financial compliance and KYC/AML requirements trusted by 300+ leading wallets, websites, and applications to accept payments and defeat fraud.

In this way, Plasma.Finance allows individuals and businesses to buy, sell or exchange digital assets and send or receive cross-border payments, while seamlessly providing direct access to DeFi in a single dashboard. This completes the missing link that connects the underbanked and unbanked population with the DeFi ecosystem to provide them financial services without banks.

๐Ÿ’Ž