Jul 9
Cashu app enables offline bitcoin transactions via NFC technology
➤ Cashu protocol has launched an NFC tap-to-pay feature enabling offline, private Bitcoin-backed ecash transactions between mobile devices. ➤ This system utilizes bearer-style ecash tokens, similar to physical cash, issued by trusted 'mints' and transferable via standard smartphone NFC chips without internet connectivity. ➤ While offering significant privacy and potential for areas with limited internet, the system relies on trust in the mints to hold backing funds, raising regulatory questions.