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SyFu, a decentralised bodily infrastructure network-powered Web3 way of life app, has teamed up with world Open Banking platform Salt Edge to combine card cost information from greater than 5,000 banks worldwide immediately into the SyFu app.
The integration goals to show “real-world” spending into digital property, resembling non-fungible tokens (NFTs) and tokens.
SyFu combines non-custodial wallets, decentralised IDs, and Soulbound Tokens, to “reward” spending with safe, verifiable on-chain worth.
Through the partnership with Salt Edge, SyFu will be capable of combine credit score and debit card cost information with out modifications to customers’ present cost strategies, thereby eradicating the method of manually importing cost historical past.
SyFu mentioned that customers will pay with their present playing cards and its app will robotically replicate their spending in NFT development and token accumulation.
“Open Banking unlocks a vast range of possibilities far beyond traditional finance management,” mentioned Virgiliu Bodrug, Open Banking options professional at Salt Edge.
“We’re thrilled to see creative, out-of-the-box use cases like SyFu, where payment data becomes the gateway to immersive Web3 experiences. This partnership is a perfect example of how fintech infrastructure can power entirely new digital economies.”
Tomochika Kamiya, founding father of SyFu, added: “Without changing their existing payment methods, users can enjoy an entirely new experience in which everyday spending is visualised as an economic contribution and transformed into digital assets.”
SyFu is at present in public beta on the testnet, with its open beta on mainnet as a consequence of launch quickly.
Further studying: Tradu chooses Salt Edge for PSD2 compliance and cost initiation
Salt Edge is a Co-Located Event Partner at Open Banking Expo UK & Europe 2025 happening on the Business Design Centre in London on 21-22 October. Click right here to search out out extra about attending, exhibiting and sponsoring – and to get your ticket.
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