Hassan Maishera
On Thursday, the Sui Foundation announced via X that Sui is now live as settlement infrastructure for Daya, the financial engine for African businesses, individuals, and developers, powering gasless stablecoin transfers and treasury rebalancing for cross-border payments.
Sui now settles transfers across Daya Business, Daya Pro, and Daya APIs, the platforms Daya uses for payments, liquidity, remittances, and developer access.
Daya is live in Nigeria, with plans to expand into South Africa, Ghana, and Kenya, extending Sui's footprint across additional African markets as it activates new local-currency rails.
Now a staple of the rising fintech scene in Nigeria, Daya offers three core products: Daya Business, Daya's platform for global payments, USD access, treasury, approvals, and reconciliation; Daya Pro, its liquidity and foreign exchange engine; and Daya APIs, which let fintechs, platforms, and enterprises build on the same infrastructure.
Daya's team, which will be present at Sui’s annual flagship Basecamp event, includes leaders with deep experience across African markets and global stablecoin infrastructure, with a track record of building payments infrastructure in the region.
Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. It is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.
On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.
Sui’s innovative architecture offers low-latency transactions with stable transaction fees, high throughput through horizontal scaling and parallelized execution, and empowers developers with powerful capabilities and tools to craft the next generation of Web3 applications.
At the heart of Sui's uniqueness lies its object-oriented design, offering a new way of developing on blockchain. Offering powerful capabilities in a way that ensures deep composability with important developer and user safety measures. As everything on Sui is an object, the ability to define object types allows developers to create objects tailored to their application needs with inherent network-wide compatibility. This changes how assets and protocols can work together to create greater products with broad composability.
SUI is up 9.2% in the last 24 hours, trading at $0.7871 per coin.
