IoT crowd connectivity network Nodle (NODL) hits 1 million payments per day

The Nodle Cash App is an easy way to earn Nodle Cash cryptocurrency. By activating the app, your phone becomes part of the Nodle Network helping to securely locate and connect nearby IoT devices in exchange for NODL Cash...

Nodle, a decentralized connectivity network and payments infrastructure for the Internet of Things (IoT), on February 11th of this week, processed 1 million transactions for the day.

The type of transactions happening on Nodle includes, “thing-to-thing” or automatic “machine-to-machine” micropayments. This automation is a key driver in the next era of the Internet of Things (IoT) to enable better efficiencies.

Micropayments are small and tiny payment transfers used to pay for services in real-time. This includes things such as: energy billing per kilowatt, fuel billing per gallon used, payments on a per data packet basis, payments for bandwidth usage and more.

Co-Founder of Nodle, Micha Benoliel said:
“Achieving this milestone on the Stellar blockchain luckily cost us only 10 XLM (Stellar’s currency; 0.72 USD at the market rate) to record these one million micropayments on the ledger. What’s also significant is that, at Ripple’s (XRP) peak, their micropayments reached 4.1 million in a day; and now they average 1 million per day — the same as Nodle Cash.”