Spacecoin partners with WLFI to integrate DeFi payments into satellite internet, expanding access to remote regions globally.
Spacecoin has announced a strategic partnership with World Liberty Financial (WLFI) to integrate DeFi payments into satellite internet. The collaboration involves a token swap, with WLFI’s USD1 stablecoin providing power for payment and settlement services for users connecting via the Spacecoin network. This initiative combines the financial and internet access around the world.
Partnership Bridges DeFi with Satellite-Powered Internet
Spacecoin is creating a decentralized physical infrastructure network (DePIN) with the help of low earth orbit satellites to deliver permissionless internet access. WLFI will create payment tools through its $3.2 billion USD1 stablecoin for transactions within the network. Spacecoin has been able to launch three satellites successfully. This move shows that it has made a great deal of progress from idea to operational infrastructure in just three years.
Zak Folkman, Co-Founder of WLFI, said, “Spacecoin addresses real infrastructure problems while providing for payment and settlement around the globe.” USD1 Supports Financial Activity Where Traditional Rails Are Limited This focus is to ensure users in underserved regions are able to transact securely to create a bridge between satellite connectivity and compliant DeFi financial services.
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The partnership will seek to integrate secure and decentralized satellite-based internet with financial infrastructure that can work at a global scale. Spacecoin has a constellation that allows permissionless access, and WLFI has a stablecoin that allows for seamless payments. The collaboration helps users in areas with limited banking or internet access. It allows them to transact and coordinate using financial and internet tools.
Satellite Network Expansion Promotes True Digital Freedom
Tae Oh, Founder of Spacecoin stressed, “Connectivity is not sufficient.” True digital freedom means equitable and open financial services to all users. By partnering with WLFI, Spacecoin is making sure that first-time internet users will be able to access financial transactions using DeFi protocols. This way, secure payments, settlements, and coordination can be ensured in remote regions with no conventional banking infrastructure.
The collaboration is part of a bigger vision of internet access across the world alongside decentralized finance. Market data indicates WLFI is trading at $0.17 – 5.55% in 24 hours and has a $4.6 billion market cap. Spacecoin’s native token, SPACE, is worth $0.08, up 6.67%, and serves as the network’s utility token. USD1 will be the main medium of payment within the integrated system.
This partnership puts Spacecoin and WLFI at the forefront of merging DeFi and space-based infrastructure. Users enjoy the benefits of instant payments, settlements, and a safe financial ecosystem in the process of connecting globally.
Through this collaboration, both companies speed up the adoption of decentralized networks and compliant financial solutions. Spacecoin’s working satellites and WLFI’s stablecoin provide a system for safe and permissionless internet access, with DeFi transactions.
With three satellites in place, plus financial infrastructure in place, Spacecoin and WLFI provide connectivity and financial capacity to new users. This system enables users to transact in a secure setting, access global digital services and participate in commerce.
Source: https://www.livebitcoinnews.com/spacecoin-partners-with-wlfi-to-enable-defi-satellite-payments/
