Four Blockchain Projects Partner to Enhance Internet, Financial Access via Satellite Infrastructure
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Four blockchain projects—Creditcoin, Spacecoin, Sui, and Walrus—have announced a groundbreaking partnership aimed at improving internet connectivity and financial services in remote and underserved regions.
The collaboration, revealed on December 6, 2024, combines the strengths of each project to create a decentralized satellite infrastructure that addresses the dual challenges of limited internet access and financial inclusion.
According to the press release, Creditcoin will serve as the financial backbone, offering secure blockchain-based lending and borrowing services. Spacecoin’s satellite technology will deliver global internet access, specifically targeting regions with limited or no traditional infrastructure. Sui will power scalable and secure computing capabilities, utilizing its smart contract platform, while Walrus will manage decentralized storage for efficient and reliable data handling.
The partnership is envisioned to create a self-sustaining ecosystem that empowers communities through decentralized systems, reducing costs and eliminating the need for intermediaries. They claimed that they are focused on delivering practical solutions to the 37% of the global population lacking internet access and bridging the gap between remote areas and the global digital economy.
The collaboration will not only provide internet access but also empower individuals in underserved regions to build credit histories, engage in peer-to-peer financial transactions, and access essential financial services.
Per the report, this project marks a significant step toward financial inclusion and connectivity for populations historically excluded from these services, offering a path toward greater economic participation and access to modern digital tools.
This announcement comes as one of the blockchain projects, Sui, integrates Circle’s USDC stablecoin natively into its ecosystem. The move, announced by Circle and the Sui Foundation, aims to enhance liquidity and user experience. Previously, Sui users had access to a bridged version of USDC (wUSDC) via Wormhole.
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