Aave has unveiled a crypto-fiat payment application that achieves cross-border fund transfer in a twinkle of an eye.
The crypto payment application Aave adopts digital assets like 12 cryptocurrencies namely Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Monero (XMR), Litecoin (LTC), Zcash, Dash, Stellar Lumen, Bitcoin Cash, DAI and LEND.
With the help of the newly launched Aave Pay, it is easy to send funds to customers, family, friends, and personal bank accounts. Users can also pay other bills with the help of the application.
The wide range of digital assets available for payment on the platform attests to Aave Pay readiness to grip the remittance world without stress.
One important factor about Aave is that it is accepted wherever bank transfers are accepted. The cryptocucrrency-centered app is good for business in that users can pay employees salaries, taxes among others.
The CEO and founder of Aave, Stani Kulechov, said the “new application eliminates the obstacles of using crypto in our everyday lives.”
“It addresses crypto’s spendability problem and builds a bridge for crypto to cross over into mainstream use,” he added.
The payment platform can be accessed via the web and on mobile phone.
It is easy to select the cryptocurrency users intend to use on the platform, and the equivalent fiat currency (USD, EUR, CHF, GBP, AUD, INR) they intend to send.
“We are taking the concept of holding cryptocurrencies further, in a way that has not been done before, breaking the paradigm that cryptocurrencies are only assets people invest in and cannot be used as traditional currencies,” said Jordan Lazaro Gustave, COO of Aave.
With around 12 cryptos available on Aave and the supported fiat currencies, there is no gainsaying that this platform has all it takes to transform the cryptocurrency world.