Plasma One is the most hyped neobank launch that is happening this month. What I am curious of is how the @Plasma team incorporates plasma:native into their product. Right now, PlasmaOne uses XPL for cashback, drawing sell pressure to the token. How will they create demand to buy? Two versions I'd love to see: gate the PlasmaOne Platinum tier behind a minimum XPL balance, or charge an annual subscription and route that revenue into programmatic XPL buybacks. Either one ties product cash flow to the token. A neobank backed by Tether can succeed entirely on its own, but if Plasma wants XPL to capture that success, the token can't be a bystander on this launch.

As a Plasma One early user for the past 2 months, getting the top-tier card with less than $10k locked has been incredible value. • Excellent cashback • Competitive FX rates • A genuinely responsive support team What stands out most is the customer experience. Many crypto cards have slow ticket systems or almost no customer support. With Plasma, you can often reach the team directly on X and get help quickly. It feels much closer to a modern bank than a typical crypto card. If you’re interested, feel free to use my invite code: I’ve got a Plasma One invite for you. Use code: ASTRA8 #Plasma# #PlasmaOne# #CryptoCard# #Fintech# #DeFi#

Plasma One shows how to attract users even in countries where its card isn't available I test a lot of apps, but I've only seen this approach with Plasma One Instead of simply telling users that the card isn't available, the app shows what other features they can access after verification What does Plasma One offer if you can't get the card? - virtual bank account details to receive transfers - deposit fiat and convert it into crypto - withdraw funds to bank accounts in supported currencies - hold stablecoins and earn yield Plasma One even shows how many virtual accounts and currencies are available in your country right in the app Other onchain neobanks offer similar features, but not all of them make it so clear that you can still use their app without a card Some users need a card for everyday purchases, while others just want to receive bank transfers, convert fiat into crypto, or withdraw money to their bank accounts And you don't need to offer a crypto card to attract this second group of users

Plasma One quietly added more crypto deposit options A few days ago, I wrote that Plasma One had updated its documentation with more supported cryptocurrencies for deposits The update is now live in the app Here's the full list of supported assets: Stablecoins: - USDT - USDC - USDG - USDe - PYUSD - USDS - EURC Other cryptocurrencies: - ETH - WBTC - HYPE - WETH - cbBTC - BNB - OP - ARB - POL - uBTC - UNI - AAVE All deposits are automatically converted to USD and added to your Cash Balance What do you think of this update?

INSIGHT: @Plasma has paid out close to $1 million in Plasma One cashback since March, and weekly payouts now run above $115,000. Weekly cashback has grown roughly 5x since mid-June, per @Paymentscan.