The SFT Protocol has announced a strategic partnership with Manuspay. This collaboration is important in the Web3 landscape as it aims to expand the synergy between Digital Assets and real applications.
The SFT protocol is a decentralized blockchain-driven infrastructure that bridges physical infrastructure to Web3. Manuspay, meanwhile, is a Web3 payments platform that promotes decentralized, secure, and fast crypto payments.
Bringing real-world utilities to Web3
The SFT protocol leverages Manuspay’s Web3 payment infrastructure to deploy IoT sensors across the country where the service operates. The partnership demonstrates how the SFT protocol Depin network allows payments for large-scale digital assets and efficiently links Web2 and Web3 technology.
The mission of the Depin platform is to develop and maintain physical infrastructure (such as power systems, wireless data connections, data storage, and other digital networks) in a decentralized approach and encourage users using digital coins.
Therefore, the collaboration between the SFT protocol and Manuspay is set up to allow seamless payments across the Depin network using cryptocurrency.
This means that Web3 consumers can use cryptocurrency to pay for digital transaction activities (such as water, electricity, internet access, payments for various e-commerce transactions). This way of engagement allows users to outperform cryptographic trading activities and move towards everyday practical applications. This approach is essential for mainstream adoption of Web3, as it focuses on the practical benefits of digital utilities.
Redefining Global Connections
Traditional payment networks are known to be expensive, slow and pass through intermediaries. Cryptocurrency payment instruments can provide safer, cost-effective, and faster transactions, especially when embedded in Depin, such as the partnerships mentioned above.
This approach simplifies the user experience for individuals engaged in Depin services. By using a rapid cryptocurrency payment network to make decentralized applications while avoiding traditional payment obstacles, such collaborations can make Web3 services more accessible to users around the world, including those without banks.
The partnership between Manus Pay and SFT protocols embraces the key ideals of Web3: collective ownership, transparency and decentralization.
This alliance applies these values by developing a fully decentralized model of both the provision of Depin infrastructure and payment for such services. It helps to contribute to more efficient, sophisticated, consumer-controlled systems by minimizing reliance on centralized systems.