Big Launch: The AAVE Pay has gone ahead!

London-based blockchain and Fintech startup, AAVE, has made announcement of launching the AAVE Pay app to allow users to pay utility bills. The broadcast has made it on the official website of the platform earlier this week it has been revealed that AAVE Pay feature was available for use across the world.

The platform currently allows the exchange of fiat to crypto pairs on the exchange including six fiat currencies i.e. US Dollar (USD), Euro (EUR), Swiss Franc (CHF), British Pound (GBP), Indian Rupee (INR) and the Australian Dollars (AUD). Also, the exchange has 12 cryptocurrencies to choose from including Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Monero (XMR), Cardano (ADA), Ripple (XRP), Dai (DAI) and ETHLend (LEND).

Utility bills are being tested by the company include paying salaries, income taxes, and other organizational expenses. The application is accessible to Android and iOS users and a web version are also available for customers wanting to access from their desktops.

The CEO and founder of AAVE, Stani Kulechov, praised the AAVE Pay app as it allows the daily spending of cryptocurrencies boosting adoption of digital assets. Speaking on the latest development by the AAVE platform, Stani said,

“This new application eliminates the obstacles of using crypto in our everyday lives. It addresses crypto’s expendability problem and builds a bridge for crypto to cross over into mainstream use.”