Crypto banking startup PlasmaPay offers its services to 160 different countries to over 100,000 users. Known as the biggest decentralized crypto bank in the world, the startup attracted considerable clients in only two years. The company relied only on word of mouth and not any fancy marketing tactics for its humongous expansion. The startup now looks towards <a href="https://www.cryptoknowmics.com/news/cashaa-will-be-building-crypto-friendly-financial-institution-in-india/">India</a> to offer its crypto banking facilities.
<h2><b>PlasmaPay Look Towards India</b></h2>
PlasmaPay comes with a user-friendly app, available to download for free on Android and iOS. The app is even accessible via a computer browser.

One just needs to create an account through which a user can connect his/her debit or credit card to deposit funds. A user can also simply send his/her cryptocurrencies from wallets or other exchanges.

PlasmaPay offers an easy payment gateway for merchants who want to accept cryptocurrencies or the Indian Rupees (INR) including other fiat currencies as payment methods. The payment gateway can be thereby used by any eCommerce, EdTech, product, or website to process payments.
<h2><strong>Offering Crypto Banking Facilities </strong></h2>
Ilia Maksimenka, CEO of PlasmaPay, told in an <a href="https://www.aninews.in/news/business/business/plasma-to-start-cryptocurrency-business-in-india-loan-will-be-available-on-virtual-currencies20201112143727/" target="_blank" rel="nofollow noopener">interview</a> that the app supports Ethereum along with various ERC-20 tokens, Bitcoin, and many other cryptocurrencies along with fiats including the Indian Rupees. Maksimenka further said that the app will provide banking facilities to its users including lending, borrowing, staking, yield farming, and much more.

Maksimenka adds:

<em>"India is one of the largest markets in the world, but like many nations, it is underserved by financial institutions such as banks. We believe PlasmaPay can offer a better and more rewarding way for customers to manage and control their money, and fulfill our promise to bring DeFi to the masses."</em>

The crypto industry saw significant evolution over the last 11 years. Consumers are now realizing the potential of cryptos over traditional finance. In counterpart, Blockchain-based payments are cheaper, faster, and provides more pseudonymity and privacy in comparison to banking systems.

Crypto Bank PlasmaPay to Offer Its Services in India

Crypto banking startup PlasmaPay offers its services to 160 different countries to over 100,000 users and now looking towards India to offer its services.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Crypto Bank PlasmaPay to Offer Its Services in India

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