Following a yr of stealth growth, Lava is introducing the primary two of its suite of economic merchandise—Lava Free Pay and Lava Alternate—poised to rework how we deal with digital {dollars} and entry to Bitcoin. In a dialog with Bitcoin Journal, Lava CEO Shezhan Maredia supplied an in-depth take a look at what these new choices deliver to the desk and the way he hopes they’ll redefine the cellular self-custodial expertise.
Lava Free Pay: Liberating World Funds
The promise of digital {dollars} has at all times been seamless, international funds. Nonetheless, Maredia argues the present consumer expertise falls quick. “Think about if each time you wished to ship cash on Venmo, you first had to purchase unstable VenmoBucks, incurring charges, after which pay an extra transaction payment in those self same unstable VenmoBucks.”
Lava abstracts these points to offer Bitcoin customers seamless entry to stablecoins. “The normal friction of getting to cope with different chains has been fully eliminated. No pointless element is uncovered within the app.”
Lava Free Pay is a trustless broadcasting service for customers that gives best-in-class stablecoin integration of any Bitcoin pockets within the market. This innovation unlocks free, prompt, and international funds, making digital {dollars} extra sensible and accessible for on a regular basis use.
Maredia explains he plans to help a number of networks and ultimately permit customers to ship funds throughout all of them. “Bitcoin-based alternate options could also be thought of as soon as they mature.” These upgrades will combine easily into Lava’s present infrastructure, guaranteeing customers haven’t got to fret in regards to the technical particulars.
Lava Alternate: Your Gateway to Self-Custody Asset Administration
Navigating the world of Bitcoin and digital property might be overwhelming, particularly relating to discovering the perfect alternate charges and lowest charges. Lava Alternate addresses this problem by enabling customers to purchase property on to self-custody and withdraw cash to their financial institution accounts with minimal charges.
“We thought lengthy and exhausting about tips on how to provide customers an affordable and handy option to onboard into Lava self-custodially,” says Maredia.
After contemplating each market possibility, his staff determined to construct their very own alternate aggregator. Utilizing your location and market knowledge, Lava can join you to the alternate that provides the perfect charges and lowest charges to your desired transactions. These companies are immediately embedded within the Lava Vault, decreasing the steps obligatory for the consumer to accumulate Bitcoin.
“We expect folks ought to proceed to save lots of Bitcoin and spend {dollars} and we wish to give them the perfect instruments to attain this. I constructed Lava for people who stay a Bitcoin-based way of life.”
Beneath the hood, Lava is supported by a state-of-the-art self-custody answer known as the Lava Good Key. Constructing on a decade of cellular Bitcoin growth, Maredia believes his firm gives essentially the most safe cellular key custody system out there right this moment.
Lava plans to proceed rolling out new merchandise and is already on the point of launch its awaited loans protocol utilizing trustless Bitcoin good contracts.
Customers can get began by downloading the Lava Vault from the App Retailer on iOS or Android, or by visiting lava.xyz.