SFT Protocol announced a strategic partnership with ManusPay. This collaboration is crucial in the Web3 landscape, as it aims to expand the synergy between digital assets and real-world applications.
SFT Protocol is a decentralized blockchain powering DePIN infrastructure that bridges physical infrastructure with Web3. On the other hand, ManusPay is a Web3 payment platform facilitating decentralized, secure, and fast crypto payments.
Bringing real-world utility to Web3
SFT Protocol will leverage ManusPay’s Web3 payment infrastructure to deploy IOT sensors across nations where it operates its services. This partnership showcases how SFT Protocol’s DePIN network will enable large-scale digital asset payments, efficiently interlinking Web2 and Web3 technologies.
The mission of DePIN platforms is to develop and maintain physical infrastructure (such as power supply systems, wireless data connections, data storage, and other digital networks) in a decentralized approach, incentivizing users with digital coins.
Therefore, SFT Protocol’s collaboration with ManusPay is set to enable seamless payments across its DePIN networks using cryptocurrency.
This implies that Web3 consumers can pay for digital transaction activities (like paying for water, electricity, internet access, and various e-commerce transactions) using cryptocurrency. Engagement in this way allows users to rise above crypto speculative trading activities and move into everyday, practical applications. This approach is essential for the mainstream adoption of Web3, as it focuses on the practical benefits of digital utility.
Redefining global connectivity
Traditional payment networks are known to be expensive, sluggish, and go through intermediaries. Cryptocurrency payment avenues, especially when incorporated with DePINs like the partnership above, can provide more secure, cost-effective, and rapid transactions.
This approach simplifies the user experience for individuals engaging with DePIN services. By paying for decentralized applications using rapid crypto payment networks while avoiding traditional payment obstacles, such collaborations can make Web3 services more available to users across the world, including those unbanked.
The partnership between Manus Pay and SFT Protocol embraces the key ideals of Web3: collective ownership, transparency, and decentralization.
This alliance applies these values by developing a completely decentralized model for both DePIN infrastructure provision and payment for such services. It minimizes the dependency on centralized systems and therefore helps to contribute to more efficient, advanced, and consumer-controlled systems.
