Shardeum: Autoscaling Blockchain Revolutionizing Payments
Shardeum has unveiled its plan to support PayFi, enhancing peer-to-peer and macro payments. With its scalable blockchain, it aims to become the default payments layer on the Internet, reducing fees significantly and expanding accessibility to real-world applications, including AI transactions and global remittances.
- Country:
- India
On Friday, Shardeum, an autoscaling Layer 1 blockchain, announced its strategic initiative to power PayFi, aiming to facilitate a broad range of peer-to-peer, micro, and macro payments. The venture marks a significant step toward enhancing payment solutions in the digital realm.
The company's statement highlighted PayFi's focus on macro payments, including remittances, global payroll, and e-commerce. It aims to transform the digital payment landscape by becoming the Internet's default layer for various financial transactions.
The platform also excels in micro payments, accommodating AI transactions and real-time bill splitting at minimal fees. Shardeum's architecture supports network expansion based on real-time demand while maintaining transaction fees as low as $0.01. The mainnet was launched on May 5.
(With inputs from agencies.)
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