Posted 1 year ago | by @devadmin

PlasmaPay and Bondly have partnered to improve the functionality of digital payment services in decentralized finance and will seek to drive adoption in 2021.

PlasmaPay, a global financial services provider, is delighted to announce its partnership with Bondly, a crypto-enabled e-commerce platform bridging the gap between decentralized escrow payments and traditional marketplaces. PlasmaPay and Bondly aim to galvanize decentralized payments systems in 2021 and beyond, making crypto and DeFi accessible to greater numbers of users than ever before.

The partnership will see Bondly adopt PlasmaPay’s fiat on/off ramping service, while PlasmaPay utilizes Bondly’s proprietary BondProtect system on the Plasma network to empower escrow, recurring payments, and payment protection. The long term goal is to seamlessly integrate blockchain payment solutions into multiple marketplaces. This will allow cryptocurrencies to be used for any purchase with the same simplicity and ease of use as regular payment processors.

The partnership will also bring NFT storage and OTC trading capability to the PlasmaPay wallet and network. This will further boost PlasmaPay’s utility as it strives to push the sector further forward and bring DeFi to the masses.

Speaking on the partnership agreement Brandon Smith, CEO of Bondly said, “We are pleased to be working with PlasmaPay who have demonstrated a clear understanding of the DeFi sector and are doing great work in driving adoption. In particular we see great synergies in payments and payment processing. We look forward to seeing how we can improve the industry for all.”

Ilia Maksimenka, CEO of PlasmaPay, added, “Bondly is a project that we at PlasmaPay have been admiring for a long time, so we are very happy to start working together. We can now look forward to rolling out the payment infrastructure which will attract the next generation of users to DeFi.”

The partnership announcement closes out a busy and highly successful year for PlasmaPay including a Token Generation event concluded on December 10th. PlasmaPay’s native token $PPAY is now trading on Uniswap and Bithumb Global.

About PlasmaPay:

PlasmaPay is a global digital payment platform enabling seamless entry into decentralized finance. PlasmaPay provides industry-leading UX, crypto/fiat wallets, and fiat on/off ramp services to more than 100,000 cryptocurrency users from over 160 countries via mobile and desktop apps. Headquartered in Tallinn, Estonia, PlasmaPay 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 launch of native token PPAY will be the underlying utility of the upcoming Plasma Finance Dashboard, built to be the operating system for the entire DeFi ecosystem. CEO and Founder Illia Maksimenka, along with a highly talented team of 40+ cybersecurity developers, economists, and business professionals are deeply committed to their mission of creating an open, intuitive financial platform that will allow the world to unlock the full potential of blockchain technologies.

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About Bondly:

Bondly is a trusted, transparent and portable swap protocol designed to make users into their own marketplace. Bondly is a brainchild of over 3 years of working in fintech digital escrow payments and a love for native DeFi. The Bondly team has 13 years of traditional financial services, 6 years of eCommerce marketing, 4 years of Ethereum blockchain development experience.

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Original article on Medium here.