Tusima, the visionary infrastructure driving Web 3.0 integration with real-world business, has collaborated with Netstars, Japan’s foremost aggregated payment platform.
The partnership aims to revolutionize the utilization of offline consumer points, heralding a new era of innovation and efficiency in the digital economy.
Tusima’s mission to integrate Real-World Business (RWB) seamlessly into the decentralized networks of Web 3.0 aligns perfectly with Netstars’ vision of advancing the cashless society through technological prowess.
Founded in 2009, Netstars boasts a formidable network encompassing over 25 global mobile payment giants, including PayPal, LINE Pay, Alipay, and WeChat Pay, servicing more than 400,000 merchants across Japan.
The collaboration between Tusima and Netstars began in earnest in 2023, with Netstars entrusting Tusima to safeguard its payment data on the decentralized Tusima network.
As of March 2024, Tusima has admirably stored a staggering 219 million transactions from Netstars, totaling a transaction volume exceeding 484.1 billion JPY. The Tusima network accommodates 300,000 payment devices, serving nearly one million users with unwavering reliability and security.
The key to Netstars’ decision to partner with Tusima is the latter’s unrivaled technical superiority. Tusima’s trusted consensus mechanism, anchored on Ethereum’s decentralized consensus, guarantees the utmost security and reliability in transactions. It boasts redundancy against 99% of network attacks and a consensus speed reaching tens of thousands of transactions per second (TPS).
Additionally, Tusima’s innovative Ultra-low-cost DA layer and Validium off-chain computing architecture ensure cost-effectiveness and scalability unparalleled in the industry.
Looking ahead, the collaboration between Tusima and Netstars promises to yield transformative outcomes in several key areas:
- Convergence of Web 2.0 and Web 3.0 in Aggregated Payments: Consumer points garnered from offline transactions will transcend traditional Web 2.0 platforms, seamlessly integrating into emerging Web 3.0 domains. This convergence expands the horizons of digital asset exchange, ushering in a new era of interoperability and utility.
- Smooth Data Connection Bridge: Tusima and Netstars will facilitate seamless integration and sharing of information resources between Web 2.0 and Web 3.0, enhancing user experience and efficiency in financial services. This forward-looking data cooperation model promotes cross-border data flow, enriching user payment options and incentives.
- Trusted Financial Ecosystem for JPY Stablecoins: The collaboration aims to optimize currency value preservation and foster innovation in financial technology by leveraging a trusted financial system for JPY stablecoins. This infrastructure will reduce merchants’ financing costs, enhance trade transparency, and accelerate the integration of the digital economy with the real economy.
In preparation for deeper cooperation, Tusima is set to launch its mainnet in Q2 2024, accompanied by the issuance of the Tusima network basic token TSM. Early enthusiasts can participate in the Tusima Decentralized Offering (TDO) through Triathon, paving the way for broader adoption and engagement with Tusima’s innovative ecosystem. These initiatives aim to bolster financial transparency, stability, and innovation, fostering a robust digital economy ecosystem.
Official-links
Website: https://tusima.network/
Twitter: https://twitter.com/TusimaNetwork
