Cryptocurrency

PlasmaPay Partners With DuckDAO to Push DeFi Adoption

eToro

Crypto payments platform and digital banking network PlasmaPay announced on Monday that it has partnered with crypto community accelerator DuckDAO. The partnership aims to accelerate the adoption of DeFi among the masses, and DuckDAO has joined the platform as an investor and a strategic partner.

DeFi is among the fastest-growing segments of the crypto-blockchain industry, and the demand for DeFi or alternate finance has witnessed phenomenal growth since the global economic slowdown. Consolidation of forces, the amalgamation of robust platforms, and strategic partnership with potential networks are essential for the future of DeFi, and respectively, developments in the DeFi continue to happen.

In the official announcement on Medium, PlasmaPay stated that the partnership would help them bring DeFi to the masses. Emphasizing the partnership’s importance, DuckDAO made an official statement that mass adoption will be beneficial for all. They were convinced that the community would contribute towards a successful launch.

PlasmaPay is one of the biggest names in the crypto-based digital payments segment, serving users in more than 160 countries. It aims to function as a bridge between the DeFi ecosystem and the underbanked and unbanked users without traditional banks’ involvement. DuckDAO, on the other hand, is a decentralized and community-owned DeFi focused VC. The platform is funded entirely by the community, not by profit-oriented venture capitals, allowing for more democratic funding projects.

Commenting on DuckDAO joining them, PlasmaPay CEO Ilia Maksimenka said that DuckDAO has a proven track record of working with emerging DeFi and other blockchain projects. Ilia said,

Ilia said

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button