To offer customers a seamless experience, PlasmaPay has announced a partnership with Settle Network. This facilitates the integration of PlasmaPay and Latamex, which is expected to enhance the cryptocurrency and blockchain technology’s adoption potential. Latamex is the payment gateway that offers the facility of fiat to crypto conversion per rules and regulations of different countries. It is powered by the Settle Network, and its utility lies in its ability to adjust payment infrastructure according to the specific requirements of the country. The operating mechanism of Latamex primarily provides information on identifying the customer, monitoring the transactions, and capabilities for screening the transactions for making a successful fiat to crypto transaction.
In other words, this partnership will help the decentralized finance (DeFi) segment expand its reach among the target market. The enhanced coherence and fluidity will ensure that customers don’t need to bother about the particular laws of a nation and get a seamless experience while conducting transactions.
On this occasion, the Chief Operating Officer and Founder of the Settle, Nic Bayerque, expressed his excitement and happiness over the partnership with PlasmaPlay. Identifying the coherence in both organizations’ aims and objectives, he said that this partnership would break the barriers related to cryptocurrency and decentralized finance. The Chief Executive Officer of PlasmaPlay, Ilia Maksimenka, also stressed that the synergy between both companies and expressed hope that this collaboration would help expand the company’s ecosystem with specific reference to the decentralized finance.
It is an important development, and the collaboration between both organizations is expected to power the adoption potential of decentralized finance in the coming years. Specifically, the partnership will result in a seamless transaction experience for customers while they confront different statutory requirements of different countries. This enhanced convenience will find favor with the customer, and overall, this partnership will power the next phase of growth of cryptocurrency in the domain of decentralized finance.