Bitcoin finance platform Lava unveils exchanges and stable payments

Following a year of stealthy development, Lava has launched Lava Free Pay and Lava Exchange, the first two of its financial products poised to transform the way digital dollars are handled and Bitcoin accessed. In a conversation with Bitcoin Magazine, Lava CEO Shezhan Maredia provided an in-depth explanation of what these new products offer and how they could redefine the mobile self-management experience.

Lava Free Pay: Liberation of global payments

The promise of the digital dollar has always been seamless global payments. However, Maredia claims that the current user experience is lacking. “Imagine that every time you want to send money with Venmo, you have to first buy high-volatility VenmoBucks, incur fees, and then pay additional transaction fees with those same volatile VenmoBucks.”

Lava abstracts away these issues and provides Bitcoin users with seamless access to stablecoins. “The traditional friction of having to deal with different chains is completely eliminated. No unnecessary details are exposed in the app.”

Lava Free Pay is a trustless broadcast service for users that provides best-in-class stablecoin integration for every Bitcoin wallet on the market. This innovation enables free, instant, and global payments, making digital dollars more practical and accessible for everyday life.

Maredia explains that it plans to support multiple networks and eventually allow users to send payments across all of them. “We may consider Bitcoin-based alternatives as they mature.” These upgrades integrate seamlessly into Lava’s existing infrastructure, so users don’t have to worry about technical details.

Lava Exchange: Your gateway to self-storage asset management

Navigating the world of Bitcoin and digital assets can be overwhelming, especially when looking for the best exchange rates and lowest fees. Lava Exchange solves this problem by allowing users to purchase assets directly, self-store them, and withdraw money to their bank account with minimal fees.

“We thought long and hard about how to give users an affordable and convenient way to engage in self-management of Lava,” Maredia said.

After considering all market options, his team decided to build their own exchange aggregator. Using your location and market data, Lava can connect you to exchanges that offer the best rates and lowest fees for the trades you want. These services are built directly into Lava Vault, reducing the steps required for users to acquire Bitcoin.

“We believe people should continue to save their Bitcoin and spend their dollars, and we want to provide them with the best tools to achieve this. “I created Lava for people living a Bitcoin-based lifestyle.”

Internally, Lava is supported by a cutting-edge self-management solution called Lava Smart Key. Based on 10 years of mobile Bitcoin development, Maredia believes his company offers the most secure mobile key storage system available today.

Lava plans to continue launching new products and is already preparing to launch its long-awaited lending protocol using trustless Bitcoin smart contracts.

Users can get started by downloading Lava Vault from the App Store on iOS or Android or by visiting lava.xyz.