Ethereum

Vision

Defi

Bitcoin

Apeiron

<ul class="wp-block-list">
 <li>Bitfinex has invested in Plasma to scale USD₮ payments on Bitcoin with zero fees and real-time transactions.</li>  
 <li>Plasma’s architecture improves Bitcoin's scalability, offering 1,000+ transactions per second while maintaining high security and low latency.</li>  
 <li>Plasma's partnerships include Bitfinex and key investors, supporting its mission to reshape the global financial landscape.</li> 
</ul>  
<p>Bitfinex has announced its investment in Plasma, a payments platform that promises to revolutionize the global financial landscape by enabling zero-fee USD₮ transactions on the Bitcoin blockchain. The company revealed its support on X, highlighting its commitment to scaling stablecoin payments on the world’s secure blockchain.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/bitfinex/status/1847285279532470428
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<h2 class="wp-block-heading" id="h-plasma-s-vision-for-global-payments"><strong>Plasma’s Vision for Global Payments</strong></h2>  
<p>Plasma seeks to solve critical problems of cross-border payments, such as confusing and often concealed fees. Its solution is based on Bitcoin’s security, allowing for convenient payments using USD₮. Plasma aims to <a href="https://www.plasma.to/blog" target="_blank" rel="noopener noreferrer nofollow">reduce</a> the conventional high costs of international payments by facilitating almost real-time payments with zero charges.</p>  
<h2 class="wp-block-heading" id="h-plasma-s-unique-architecture"><strong>Plasma’s Unique Architecture</strong></h2>  
<p>Plasma is built upon a new consensus algorithm to increase Bitcoin’s speed and throughput. The platform brings in a Nakamoto Proof-of-Stake (PoS) system that offers three times more throughput and 5.7 times lower latency than existing protocols. This architecture enables well over 1,000 transactions per second and does not alter Bitcoin’s protection paradigm. Plasma also integrates Bitcoin’s UTXO system, allowing users to pay transaction fees in BTC and unlocking new staking opportunities.</p>  
<p>Plasma’s hybrid UTXO and Account architecture enables users to unlock new functionalities such as staking and deploying <a href="https://cryptonewsland.com/bitcoin-nears-breakout-as-2024-reaccumulation-drags-beyond-historical-norms/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> in decentralized finance (DeFi) applications. It also offers full Ethereum Virtual Machine (EVM) compatibility, expanding its use cases beyond just payments and allowing future integration with other blockchain platforms.</p>  
<h2 class="wp-block-heading" id="h-collaboration-with-industry-leaders"><strong>Collaboration with Industry Leaders</strong></h2>  
<p>Bitfinex is not the only major entity backing Plasma. Other platform supporters include Christian Angermayer’s Apeiron Investment Group, Split Capital, and Manifold. These partnerships aim to financialize Bitcoin to encompass the payment space, real-world/USD assets, and Defi space.</p>  
<p>Paolo Ardoino, Bitfinex's CTO, encouraged Plasma to drive Bitcoin adoption. Ardoino emphasized the importance of exploring various avenues for building scalable solutions on Bitcoin, especially in surrounding protocol updates like covenants. Bitfinex's investment reflects its strategy to support Bitcoin as a secure and decentralized network for global payments.</p> 
<p>The post <a href="https://cryptonewsland.com/bitfinex-invests-in-plasma-to-revolutionize-global-payments-with-bitcoin-and-usd%e2%82%ae/" rel="noopener noreferrer nofollow">Bitfinex Invests in Plasma to Revolutionize Global Payments with Bitcoin and USD₮</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitfinex Invests in Plasma to Revolutionize Global Payments with Bitcoin and USD₮

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