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Tech company Aave is bringing cryptocurrency another step closer to mainstream adoption with the launch today of Aave Pay, an app through which consumers can use a wide range of digital currency holdings to pay their bills.
Cryptocurrency holders can use their crypto for all of their expenses: Aave Pay is accepted wherever bank transfers are accepted.
The app is also business friendly: it can be used to pay employee salaries, income taxes, and other commercial or corporate expenses, directly into fiat-based accounts.
“This new application eliminates the obstacles of using crypto in our everyday lives. It addresses crypto’s spendability problem and builds a bridge for crypto to cross over into mainstream use.” - Stani Kulechov, CEO and Founder of Aave