Solid partnerships are part of the backbone of continued industry growth and exposure, something we prioritize at Bridge Mutual. We are happy to announce that Bridge Mutual has reached a partnership agreement with Plasma Pay and Plasma Finance, allowing both projects to work in close collaboration. With this partnership, Plasma Finance users will be able to directly fund or provide liquidity to Bridge Mutual using the Plasma Finance platform and Bridge ecosystem. In return, Bridge Mutual has pledged to provide an additional layer of security to the Plasma Pay ecosystem. This results in an increased number of participants for Bridge Mutual’s decentralized insurance platform while providing further safety for the Plasma Pay and Plasma Finance users.
Decentralizing Insurance Further with Plasma Pay
This partnership is paramount to Bridge Mutual’s vision of decentralized insurance for everyone. Working in close conjunction with Plasma Pay allows Bridge Mutual’s insurance product to be purchased directly on Plasma Pay’s platform. Plasma Pay has a proven track record of attracting users from both cryptocurrency and non-cryptocurrency areas by providing an easy-to-use fiat ramp. The existing user base and ease of entry provided by Plasma Pay will make way for Bridge Mutual’s insurance product to be widely available for purchase. On the flip side, Plasma Pay’s users can enjoy additional benefits provided by Bridge Mutual.
“The main focus of our partnerships is to increase the overall safety of the DeFi space by encouraging users to protect each other. Partnering with Plasma Pay was strategic in that users will be able to easily purchase or provide insurance directly from the Plasma Finance app where they manage all of their assets. In turn, we will make sure that Plasma Pay has an insurance pool ready to go for our launch event.” — Mike Miglio, CEO of Bridge Mutual.
“This partnership will give both organizations the ability to expand operations into the other’s platform, a net benefit for two strong projects looking to optimize the DeFi market as a whole. More so, ease of use and access to insurance ultimately benefits users. By working together, Bridge Mutual and Plasma Finance take DeFi a step forward towards more reliable financial services on the blockchain.” — Ilia Maksimenka, CEO of PlasmaPay.
What is Plasma Finance?
Plasma Finance is a defi platform and dashboard that aggregates all of the most popular defi applications in one place. With the goal of simplifying the defi market for its users and eliminating some aspects regarding defi barrier to entry, Plasma Finance is working to become a cornerstone of the defi economy. Plasma Pay is a blockchain protocol developed by Plasma Finance, allowing for fast and efficient cross-border payment opportunities for all users.
About Bridge Mutual
Bridge Mutual is a decentralized, discretionary p2p/p2b insurance platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide insurance coverage, decide on insurance payouts, as well as get compensated for taking part in the ecosystem. Having vastly oversubscribed in its private sale, Bridge Mutual’s token, $BMI, is primed to have an explosive TGE on January 30th, 2021.
You can find more information on Bridge Mutual at: