Minima announced on Tuesday that it has completed a pilot blockchain-based retail payment system with Minipay, a financial company that offers an online payment system for digital content, goods and services sold on the Internet.

minipayment is a UK-based blockchain network that allows anyone to run a full node on a mobile or IoT device. It is also one of the recent winners of the Minima Innovation Challenge. The Minima Innovation Challenge was a month-long competition that took place from July to August of this year. Blockchain.News reported the matter. The competition was designed to support and encourage individuals and teams to create brilliant and unique applications for the Minimal Protocol, outside of what has already been conceived.

The partnership between the two companies will see Minima introduce a payment app on its blockchain network that will use Minipay’s Near Field Communication (NFC) to make retail payments an easy and seamless experience for Minima app users to pay their bills. shopping through their smartphones.

The Minipay payment app uses NFC technology to make checkout experiences smoother and easier for customers looking to pay for their retail purchases by tapping their smartphones.

Per the announcement, Minima will leverage Minipay’s NFC technology to introduce a contactless payment app that connects to Minima’s wallets and uses QR codes for everyday purchases. Minipay’s technology will make the Minima payment experience as easy and seamless as possible.

Minima said this will be done by offering standard on-chain transactions with on-demand payments, presenting a QR code for customers to scan over NFC technology to create, transact and settle off-chain payment channels. Minima said that once a payment channel is created, users can make transactions and payments instantly, even in the absence of an Internet connection.

The latest Minima development shows the continued growth of the cryptocurrency, which has already been integrated into the Apple Pay and Google Pay payment apps. This reflects how mobile devices are driving alternative payment solutions and challenging retailers and businesses to keep up with the evolution of payments.

As cryptocurrency becomes more mainstream, retailers and businesses are considering the need to accept digital assets on mobile sites and apps or via in-store crypto mobile wallets.

The mobile involvement of cryptocurrency plays out in two different ways. First, retailers and businesses are looking to accept digital assets directly from mobile sites and apps, which offer an easy payment method for customers holding Bitcoins.

The second outlet for crypto is in-store mobile payments. Retailers and businesses can accept crypto payments by integrating a QR code scanner or NFC terminal into their POS (point of sale) terminals. Consumers can then easily open their crypto mobile wallet to pay in-store.

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