#night $NIGHT My cousin opened a small coffee shop last year. The business was just starting to pick up, but recently she's encountered a troubling issue—she wants to apply for a loan to expand the shop, and the bank requires detailed records of her ingredient purchases. 'The channels I source from, the prices, the supplier contact information—these are all trade secrets. Why should I disclose everything?' @MidnightNetwork
I told her that this problem is similar to what the global payment giant Worldpay is solving. Worldpay has just joined Midnight's federal node and plans to use the USDG stablecoin to build a B2B payment infrastructure. It processes $3.7 trillion in transactions annually, covering over 6 million merchants. These people are not here to speculate on cryptocurrencies; they genuinely want to utilize this blockchain for work. The core logic is: businesses can use DeFi for payments while ensuring that transaction data remains confidential. When an audit is needed, zero-knowledge proofs can provide a way to demonstrate compliance without revealing everything. @MidnightNetwork
After hearing this, my cousin said: 'So in the future, when applying for loans, I don't have to submit all the purchase orders?' I replied, yes, let mathematics speak for you; it's more reliable than relying on personal trust. The Midnight mainnet will go live at the end of March, so we’ll see then.
I told her that this problem is similar to what the global payment giant Worldpay is solving. Worldpay has just joined Midnight's federal node and plans to use the USDG stablecoin to build a B2B payment infrastructure. It processes $3.7 trillion in transactions annually, covering over 6 million merchants. These people are not here to speculate on cryptocurrencies; they genuinely want to utilize this blockchain for work. The core logic is: businesses can use DeFi for payments while ensuring that transaction data remains confidential. When an audit is needed, zero-knowledge proofs can provide a way to demonstrate compliance without revealing everything. @MidnightNetwork
After hearing this, my cousin said: 'So in the future, when applying for loans, I don't have to submit all the purchase orders?' I replied, yes, let mathematics speak for you; it's more reliable than relying on personal trust. The Midnight mainnet will go live at the end of March, so we’ll see then.