A significant milestone has been reached with an SMS-based transaction using $SUI.
This achievement represents a major leap in cryptocurrency adoption with $SUI. It makes blockchain technology accessible in regions with limited or no internet access.
The successful transaction marks the first time a blockchain-based transfer has been performed without the need for internet access. This transaction used the Sui blockchain, leveraging SMS as the medium for sending and receiving crypto. In areas where mobile internet or smartphones might not be readily available, SMS can be a lifeline.
This system works through a combination of SMS commands that interact with the blockchain. This will allow users to send and receive $SUI tokens using simple text messages. This method could be transformative, offering a low-cost alternative for transactions that were once reserved for internet-enabled platforms. Kostas, Sui’s scientist, announced this:
This technology holds particular significance for emerging markets, where access to traditional banking services is limited, and mobile phones are often the only gateway to digital services. A recent trend shows that mobile-first banking and crypto services are gaining traction. The SMS-based transaction model could catalyze crypto adoption in regions such as Africa, Southeast Asia, and Latin America. In these places, mobile phones are widespread, but internet connectivity is not.
Sui’s Q1-2025 performance wasn’t just about the usual upward trend. DEX volume surged by 245%. Meanwhile, BTCfi, bringing Bitcoin to the Sui blockchain, saw a remarkable 4x growth, proving that Bitcoin on Sui is a real, thriving feature.
The launch of Walrus’s Mainnet marked a significant milestone in decentralized storage, opening new possibilities for blockchain-based data solutions.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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ZECDear Korea 🇰🇷, You’re the first country where our Solution Engineering team successfully stress-tested SMS-based crypto payments when devices lack internet access but can still barely connect to a telecom tower (for whatever reason: roaming issues, low signal at basement, Show more
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