Shardeum launches PayFi for internet payments
Autoscaling Layer 1 blockchain
Shardeum
on Friday announced the launch of its payment solution
PayFi
to support peer-to-peer, micro and
macro payments
.
The PayFi will target macro payments like remittances, global payroll, crowdfunding, e-commerce, and institutional settlements, Sharedeum said in a statement, adding that the autoscaling blockchain aims to become the Internet's default payments layer.
Micro Payments
like AI-to-AI transactions, tipping, IoT payments, pay-per-use apps, and real-time bill splitting can be done at a significantly lower fee through the platform, Shardeum said.
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"While blockchains like Bitcoin laid the foundation for decentralized payments, real-world adoption has been limited by high fees and technical constraints," it added.
Shardeum's autoscaling architecture allows the network to expand based on real-time demand while transaction fees stay as low as $0.01 or less than Re 1. Shardeum launched its mainnet on May 5.
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Time of India
20 minutes ago
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Time of India
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Live Events "Again, huge upside, non-stop service into key points around the world, more focus on cargo, better systems, more consistent product delivery, all of these things mean we are a much more credible player in the cargo space. (There is) significant upside opportunity," he noted. Currently, Air India has a fleet of 191 planes, including 64 wide-bodies and 127 narrow bodies. When asked whether Air India will also be looking at a partnership with upcoming airline Riyadh Air, he said there is an air about India. "Everyone wants a partnership with India and so we are talking to many many people". "We are always open to partnerships. We have expanded or announced more than 20 partnerships since being privatised. That are codeshare (partnerships) and interline (agreements). We have embarked on some new codeshares with Singapore Airlines, Lufthansa Group... we will continue to work on more," Wilson said. 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Time of India
24 minutes ago
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