Sui Aims to Simplify Crypto Transactions with SMS Payments – BitRss

Sui aims to enhance cryptocurrency transactions through SMS-based payments by 2025. This initiative is seen as a significant step, particularly for individuals living in rural areas with limited internet access.

SMS Technology and Accessibility

Sui plans to implement SMS-based payments to reach wider audiences, leveraging the advantages of blockchain technology. This will enable people in areas with poor internet connectivity to manage their financial transactions more easily.

Sui’s co-founder Kostas Chalkias stated, “Managing crypto transactions with SMS technology will provide great convenience for users without internet access.”

Technological Developments and Security

In addition to SMS payments, Sui also intends to enhance network scalability with Mysticeti V2 and develop SCION and Walrus protocols for security and storage solutions. These innovations will contribute to a more secure and efficient crypto ecosystem.

Target Audience and Financial Access

Approximately…