Sui Blockchain Launching Offline Crypto Transactions

Sui Blockchain Launching Offline Crypto Transactions

By Novasky | DevPress | 22 Sep 2024


Offline transactions are norm with the UPI Lite tech which is India using in device to device communication offline using NFC. And this made the offline cash payment possible making the tokens easier to transfer like cash. 

India has UPI system that allows payment through email like address, QR code and the NFC based payments. So the NFC payments are contactless internet less payment system for the mobile, tablet and other devices.

Now this system is being used by many other CBDC apps and the payment systems like UPI etc. And this has made the contactless payments a new norm. In the places like village and the remote locations this works like cash.

Sui is a blockchain that works in the stablecoin platform and it is very popular like DAI in the ecosystem of Ethereum. And now they are moving into the contactless platform for payments in NFC system. They are trending in twitter posts.

 

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How does the NFC based payments would be helping the crypto? And who should get into the contactless payments? In such case you can see that SUI network is working in this realm this year but many other platforms are already established.

This can be handy for fuel pump place, villages, POS devices and many other places where the internet is a challenge even in todays time. Or even in places where you have the internet but the bank and the centralized account causing issues.

Sui and DAI in the same Ethereum ecosystem and they are likely to benefit out of the projects making use of them for the offline transactions. And this would also help increase the funding in that case as well.

Sui blockchain is changing the way world is working and how the payments would be acting like a real life cash. Lot of interesting stuff happening in the world of the crypto settlements.

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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