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Plasma Partners With Rain Cards to Launch Global Crypto Payment Cards

Plasma's upcoming Plasma One banking service will feature a prepaid card with cashback, yield on balances, and stablecoin integration, following the launch of its stablecoin blockchain mainnet.

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Fact Check
The statement is directly and consistently confirmed across multiple independent sources, including crypto news outlets and project data platforms. The evidence explicitly states that Plasma has partnered with Rain Cards to launch a global cryptocurrency payment card.
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Summary

Plasma plans to introduce Plasma One, a new banking service featuring a prepaid credit card with 4% cashback and over 10% yield on balances. The service will support international payments and allow users to top up with stablecoins starting with USDT. The Plasma blockchain will facilitate payments, with cards issued by Rain, the company behind Avalanche Card. The mainnet testing of the stablecoin blockchain is set to begin on September 25.

Terms & Concepts
  • Plasma One: Plasma's upcoming banking service that integrates prepaid cards and stablecoin payments.
  • Stablecoin: A type of cryptocurrency designed to have a stable value, often pegged to a fiat currency like the US dollar.
  • Rain Cards: A company that provides cryptocurrency-backed payment cards, allowing users to spend digital assets at millions of global merchants.