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HomeNewsCircle's USDC on Polygon PoS Powers SukuPay for Instant Global Transfers

Circle’s USDC on Polygon PoS Powers SukuPay for Instant Global Transfers

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  • SukuPay uses Circle’s USDC on Polygon to facilitate international transfers.
  • Samsung uses Polygon PoS to incorporate Web3 into their smart TVs.

SukuPay’s innovative technology has transformed how money moves globally. Their innovative platform, which runs on Polygon’s energy-efficient proof-of-stake network, enables affordable cross-border transfers by only requiring a recipient’s phone number.

While remittances have long posed geographical obstacles, SukuPay, developed by technological pioneers at Suku, has streamlined international payments for the digital age through a seamless, sustainable integration of Circle’s stablecoin and Polygon’s scalable solutions.

Progress marches on as the future takes hold, accessible to anyone with a mobile connection and redrawing borders on paper maps that now mean less in our interconnected modern world. This YouTube video provides a full overview of these developments.

Samsung TVs Incorporating Web3 Technology

Through its TX1 project, which aims to integrate Web3 technology into its line of smart TVs, Samsung is taking the lead in bringing blockchain capabilities to over 200 million people.

According to ETHNews, the initiative makes use of the Polygon Proof of Stake technology to improve compatibility with the ecosystem of Samsung smart TVs.

Polygon PoS Makes China’s First Digital Stamp Possible

On the other hand, in Hong Kong, the Polygon Proof of Stake (PoS) network has enabled the issuing of “Tahun Jiachen,” China’s first digital stamp.

This significant accomplishment, led by China Post Hong Kong and Cyberport community members in partnership, highlights how blockchain technology is increasingly being used in conventional industries, as previously reported by ETHNews.

Update on MATIC Prices

The native Polygon token, MATIC, is presently selling at roughly $0.702, down 1.72% over the last 24-hour, according to CoinMarketCap. Furthermore, MATIC has dropped 20.44% in the previous seven days, exhibiting a bearish trend.

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Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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