Nimiq's Decentralized Payment Future Promises Growth

The story revolves around Nimiq, which many may have already encountered. It is a predominantly German developer team that has been developing a browser-based blockchain for years. Each browser acts as a node, contributing to the network's decentralization. In November last year, they transitioned from Proof of Work (PoW) to Proof of Stake (PoS), offering a 12% annual staking yield. Over the next five years, this yield is projected to decrease to approximately 7%. The network can handle over 1000 transactions per second (TPS), although it is currently operating well below that capacity, with observed transaction rates around 267 TPS—more than three times faster than PayPal. This sets them apart from many other coins that often promise millions of TPS. The project emphasizes user experience and simplicity; a wallet can be set up in 30 seconds, with an intuitive and straightforward interface. Unlike Solana or Ethereum, which rely on third-party wallets, Nimiq's wallet communicates directly with the blockchain. A significant development is their over four-year partnership with Bluecode, a global leader in roaming payment networks, with integrations involving Alipay, Discover Card, and others. Soon, users will be able to pay in over 160 million stores across approximately 75 countries using Nimiq, Bitcoin, USDC, and USDT via the Nimiq Pay app, with regulatory approval expected soon. The team has a track record of delivering on their commitments without major hype, focusing instead on technology. Although their trading volume has been low, it has been consistent, and they are now collaborating with Jung von Matt on advertising campaigns. Additional partnerships include Nexi Group and Naka. Currently, the market cap is below $10 million, which, given their partnerships, could significantly increase. The linked video provides further insights.