After a year-long development in stealth, Lava Introduces the first of a suite of financial products—Lava Free Pay and Lava Exchange—poised to transform how we handle digital dollars and access to Bitcoin. Shezhan Maredia, Lava’s CEO in a recent interview with Bitcoin Magazine provided enlightening insights into the products.
Lava Free Pay: Liberating Global Payments
Payments made with digital dollars were always seamless and global. Maredia claims that current user experiences are not satisfactory. “Imagine if every time you wanted to send money on Venmo, you first had to buy volatile VenmoBucks, incurring fees, and then pay an additional transaction fee in those same volatile VenmoBucks.”
Lava simplifies the process of converting Bitcoins to stablecoins for Bitcoin users. “The traditional friction of having to deal with other chains has been completely removed. No unnecessary detail is exposed in the app.”
Lava Free Pay provides users with a broadcasting service without any trust that integrates the most advanced stablecoin integration into Bitcoin wallets. The innovation unlocks instant and free global payments. Digital dollars are now more accessible and practical for daily use.
Maredia says he intends to support several networks, and allow users to eventually send money across them all. “Bitcoin-based alternatives may be considered once they mature.” This upgrade will seamlessly integrate into Lava’s existing infrastructure.
Lava Exchange, Your Self-Custody Asset Management Gateway
Finding the lowest exchange rates can be difficult, particularly when you are trying to navigate the digital asset world. Lava Exchange solves this problem by offering users the ability to withdraw funds to their accounts and buy digital assets.
“We thought long and hard about how to offer users a cheap and convenient way to onboard into Lava self-custodially,” Says Maredia
His team chose to create their own product after evaluating all the options available. own exchange aggregator. Lava uses your market and location data to connect you with an exchange that has the best rate and the lowest fee for your transactions. The Lava Vault includes these services, which reduces the amount of time it takes to purchase Bitcoin.
“We think people should continue to save Bitcoin and spend dollars and we want to give them the best tools to achieve this. I built Lava for those that live a Bitcoin-based lifestyle.”
Lava Smart Key is an advanced self-custody technology that runs under the hood. Maredia’s company, which has been developing mobile Bitcoin for a decade, offers what it believes is the most advanced mobile key custodian system.
Lava is planning to roll out more products. It has already begun preparing for the launch of its long-anticipated loans protocol, which uses trustless Bitcoin Smart Contracts.
You can download the Lava Vault App from the App Store. iOS You can also find out more about AndroidVisit our website to learn more. lava.xyz.
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Source: bitcoinmagazine.com