Originally published on: September 04, 2024
The uncertainty of what happens in the event of internet downtime has been a common objection to crypto-based payments. Especially in regions prone to power outages or limited internet access, the ability to access wallets offline is crucial.
But now, the Sui blockchain is leading the way in solving this issue by introducing “internet-less transactions.” This innovative mechanism ensures that crypto transactions can flow seamlessly regardless of internet connectivity.
Adeniyi Abiodun, co-founder of Mysten Labs, the team behind Sui, revealed to Cointelegraph how they are making “internet-less” crypto transactions a reality. By leveraging mobile networks and radio waves, Sui can transmit transactions even when the internet is down.
In fact, Sui has already successfully tested this method, and it is fully operational. The next step is to integrate this technology into Internet of Things devices, benefiting decentralized physical infrastructure (DePIN) projects, which are gaining momentum in the Web3 space.
DePINs, which enable users to collectively run public infrastructure and earn rewards, are seen as a disruptive force in industries like cloud computing. Sui’s innovative approach to internet-less transactions could revolutionize not just payments but also coupons, rewards, and data-related services.
Projects like Helium Mobile and Wifi Dabba are already leveraging DePIN technology to bridge the digital divide and connect millions to the internet. Sui is also partnering with Chip Wireless to test its ideas and considering expanding into markets like Africa.
With a focus on expanding financial access and improving user experience, Sui is not only banking the unbanked but also enabling offline transactions. The future of crypto payments looks brighter and more inclusive thanks to Sui’s groundbreaking technology.