CashuBTC has introduced a new feature allowing users to send Bitcoin offline using NFC. This innovation makes cryptocurrency more accessible and secure.
CashuBTC's New Technology
CashuBTC recently rolled out a service enabling users to conduct offline Bitcoin transfers using NFC. This feature allows for instant Bitcoin exchanges between iOS and Android devices without internet connectivity. With CashuBTC, transactions are facilitated via SovranBitcoin, a Lightning eCash protocol that uses NFC for secure and private transfers.
User Benefits
Most Bitcoin transactions require internet connectivity for confirmation, but CashuBTC's NFC system bypasses that. This is especially useful in areas with limited internet access, such as rural regions or during connectivity outages. Additionally, the new feature provides users with rapid, confidential, and censorship-resistant transactions.
GameStop and the Crypto Market
Popular game company GameStop has announced plans to acquire Bitcoin as a treasury reserve asset. This initiative, involving the issuance of senior convertible notes totaling $1.3 billion, foresees directing part of the funds towards purchasing Bitcoin. GameStop is currently assessing the risks and benefits of this investment, although it has not led to significant shifts in the crypto market.
The introduction of offline payments using CashuBTC through NFC significantly simplifies Bitcoin usage in areas with limited internet access. Meanwhile, interest from major companies such as GameStop reflects the growing acceptance of cryptocurrencies in the traditional economy.
