Plasma One is built for people who want better experience with money: a global dollar account for holding, sending, earning, and spending stablecoins. We are building Plasma because we believe there is a better way to put stablecoins into the hands of billions of people.
@0xrishabhai Cause primary bank just doesn't involve spend. Every country has different regulations and every people have different expectation and behavior.
And salary deposit is not something that can be switched overnight.
"The most durable infrastructure companies don't wait for external developers to validate their tech. They build the application themselves first — on top of their own rails — and use it to prove out the capabilities they're asking others to build on."
Agentic payment still lacks authorization layer and dispute resolution process. People have decades of muscle memory into paying with cards. Change comes slowly and trust is built gradually. The Card Layer for agentic payments will be the first step.
For most people, money movement starts at payday. Spending that stablecoin is its own problem. P1 solves the intricate nuances only the people who've felt the pain can recognize.
There have been a number of questions recently around XPL rewards on Plasma One, and we want to address them directly.
XPL rewards distributed through Plasma One are not new emissions. XPL used for rewards have been purchased by the Foundation treasury and that will continue for future Plasma One rewards.
More broadly, we’re fully committed to building Plasma around XPL and always have been. The development company is majority owned by the Foundation, and the entire team is directly aligned with the long-term success of XPL and nothing else.
As Plasma One is currently in beta, these rewards represent a de minimis amount of total spend. As we scale up Plasma One, we are partnering with the best in the space to provide the most sustainable and robust rewards and earn products to our users.
We are committed to a single asset framework and to ensuring that the team, investors, and community are aligned around that direction over the long term.
As Plasma One wins, so too does XPL.
More details on XPL's role across our product strategy is coming soon.
Tether Launches tether.wallet, the People’s Wallet, Extending its Global Financial Infrastructure Directly to Billions of Users Left Behind by the Traditional Financial System
Learn more: https://t.co/NygApfyAbB
At Plasma, we operate on that conviction: A blockchain is not an end product; it is a platform. The value is defined entirely by what runs on it. Value accrues to the surfaces people touch and the networks those surfaces create.