The card, which enables direct USDC deposits, real-world spending, and global access, is part of the company's strategy to integrate blockchain-based financial tools into everyday payments.
output: Social tokens are becoming increasingly popular, with several platforms now offering them to users. However, most social tokens are limited in scope and functionality, and they are often tied to a single platform.
A new social token, known as Emerald Tokens, is being launched by Solayer, a blockchain protocol that is building an on-chain economy. Emerald Tokens are designed to be more versatile and cross-protocol, with the ability to span multiple platforms and use cases.
Emerald Tokens are powered by InfiniSVM, Solayer’s proprietary hardware-accelerated Solana Virtual Machine Layer 1. According to internal testing, the infrastructure currently supports throughput of over 300,000 transactions per second. With this capacity, the protocol can process point-of-sale transactions directly on-chain and support spending across more than 150 million merchants in 200 countries, including the US.
“We are able to process an extremely high volume of transactions per second, which is essential for supporting real-world spending on-chain,” said a Solayer spokesperson. “We can also handle the varying throughput requirements of different use cases, such as DeFi protocols or social platforms.”
Emerald Tokens can be used for a variety of purposes, including making purchases, tipping creators, and donating to charity. They can also be traded on decentralised exchanges.
To use Emerald Tokens, users need to apply for an Emerald Card, which enables direct USDC deposits, real-world spending and global access. The card is part of Solayer’s strategy to integrate blockchain-based financial tools into everyday payments.
The rollout includes compatibility with Apple Pay and Google Pay, alongside the activation of a user waitlist system that includes a pre-activation fee.
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