Ongoing efforts are being made to establish an ecosystem for payments, RWA, and DeFi on the Bitcoin 
$92,404 network. Why is this significant? The Bitcoin network, secured by a vast mining community, serves as the most reliable and decentralized blockchain structure. Therefore, it can be stated that protocols operating on this network are built on much sturdier foundations. This is precisely why the work continues.
Plasma and the Bitcoin Ecosystem
The scaling solution Plasma, supported by Bitfinex, is currently striving to create payment and financial infrastructure on the Bitcoin network. The team has been working for a long time on a protocol that will operate without requiring any changes to the Bitcoin core. In today’s announcement, they stated:
“The current payment sector—especially cross-border payments—struggles with hidden fees, value-extracting intermediaries, and local inefficiencies. Moreover, it is extremely capital-intensive. Payments supported by stablecoins have the potential to improve efficiency and offer near-zero fee, real-time cross-border transactions.
Bitcoin is the world’s largest, most decentralized, censorship-resistant, and secure blockchain. This makes it an obvious option to replace existing global payment systems. There have been previous attempts to make Bitcoin a settlement layer for payments; however, these initiatives have only focused on BTC as the primary payment asset. While Bitcoin is the best blockchain for large-scale payments, we believe that the majority of payment flows will be in USD-denominated assets, primarily USD₮.”
Supported by Bitfinex, Christian Angermayer, Split Capital, Manifold, Anthos Capital, Karatage, and many others, we may hear more about this protocol in the future.
