- Bitget Wallet integrates Plasma Layer 1, boosting stablecoin payments.
- Wallet offers free XPL tokens, enabling testnet access within app.
- Plasma launch backed by Tether promises cheaper, faster stablecoin transactions globally.
Bitget Wallet has taken a big step forward in the crypto world. The popular non-custodial wallet has become the first crypto wallet to add direct access to Plasma, a new Layer 1 blockchain. Plasma is constructed in a way that supports stablecoin transactions. The action simplifies and lowers the cost of individuals using stablecoins, such as USDT, to make daily payments.
Bitget Wallet Users Gain Direct Plasma Testnet Access Inside App
To begin with, this novel integration will allow the users of the Bitget Wallet to connect directly to the Plasma testnet. They are able to do that within the app itself. Consequently, individuals will have an opportunity to experiment with the high-velocity and low-cost payment network that Plasma intends to implement. That is why Bitget Wallet is one of the few wallets that provide early access to the new blockchain concerned with stablecoins only.
Also, Bitget Wallet is providing free test tokens, XPL. On the Plasma, these tokens are used to pay for transactions and have their transactions skipped ahead. The users can access the Testnet Faucet Center within the wallet app to get the tokens. It is now simple to try how Plasma functions. They can further experiment with various decentralized apps (dApps) on Plasma.
Besides, Bitget Wallet will collaborate with the partners of Plasma. They are interested in initiating special reward campaigns. Such campaigns will make people test Plasma and will contribute to the formation of its user community. New users can be attracted by free tokens and other rewards that can demonstrate the advantages of using stablecoin payments on Plasma.
Jamie Elkaleh, the Chief Marketing Officer at Bitget Wallet, indicated that this step is quite an interesting one. He added that the introduction of Plasma will introduce a new blockchain realm that will support stablecoins. He also said that the free tokens and future rewards could be distributed to make more people understand how easy it is to make stablecoin payments.
Bitget’s Plasma Move Signals Faster, Cheaper Stablecoin Payments
Besides this new integration, Bitget Wallet has not been idle in big projects. The wallet already announced earlier this month a new collaboration with Mastercard and the web3 payment firm Immersve. With them, they are introducing a crypto payment card. People will have an opportunity to use digital currencies with this card to use the money in their Bitget Wallet. This demonstrates that Bitget Wallet is determined that crypto is not only meant to be held but can be used in the real world as well.
Plasma in itself is an intriguing project. It is a Layer 1 blockchain which was designed exclusively to stablecoins such as USDT. Contrary to most blockchains, it is free of charge. One can even pay the network fees using USDT or BTC in case they need faster processing. Plasma is also compatible with Ethereum tools, thus, simplifying the process of developers developing new apps on it.
It is notable that Plasma is supported by big investors such as Tether. This backing proves that a subset of significant actors view Plasma as a potential support structure to facilitate payments in a worldwide stablecoin in the future.
To sum up, the decision of Bitget Wallet to introduce Plasma is a statement to the world of cryptos. It indicates that all people will be able to get faster, cheaper, and more convenient payments using stablecoins in the near future. Creating favorable conditions: providing people with early access, offering free tokens, and special rewards, Bitget Wallet aims to go first. This may contribute to making stablecoins an ordinary thing in daily life since more people seek secure means to spend digital dollars.
