UPCX Hosts AMA Event: CMO Explains Innovations in High-Speed Blockchain Payment System
Last Friday and Monday, the UPCX project held Ask Me Anything (AMA) events themed “Dialogue with UPCX CMO | In-depth Explanation of Innovative Payment Systems Based on High-Speed Blockchain Technology” in its Glocal community and Chinese community, respectively. UPCX’s Chief Marketing Officer (CMO), Koki Sato, provided a detailed overview of the project’s latest progress, technological advantages, and future development plans during the event.
In this AMA, Koki Sato comprehensively showcased UPCX’s core technology—a high-speed blockchain payment network that combines Graphene blockchain technology with Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT) mechanisms. Koki Sato emphasized that UPCX is committed to providing a high-performance, low-latency, high-throughput, and high-concurrency payment system to address the pain points of traditional payment systems and deliver a better payment experience for users.
Technological Advantages and Application Scenarios:
Koki Sato elaborated on UPCX’s technological advantages and potential in various application scenarios. The project demonstrates significant scalability, interoperability, and compatibility. It supports the development and deployment of smart contracts and decentralized applications (DApps) while also enabling seamless integration with other blockchain networks and traditional payment systems, thereby building a unified global payment network. UPCX is compatible with the Ethereum Virtual Machine (EVM), meaning existing Ethereum DApps can be easily migrated to the UPCX network. Furthermore, UPCX supports User Issued Assets (UIA), Market Pegged Assets (MPA), and Non-Fungible Assets (NFA), providing users with a diverse range of digital asset options and trading opportunities.
Regarding application scenarios, UPCX shows broad potential, covering areas such as e-commerce, cross-border remittances, tourism, entertainment, education, healthcare, charity, and social networking. By continuously expanding and enriching these application fields, UPCX aims to provide global users with more choices and convenience, building a diversified payment ecosystem. In e-commerce, UPCX can offer fast, secure, and low-cost payment solutions; in cross-border remittances, UPCX can significantly reduce transfer times and fees; in the tourism and entertainment industries, UPCX can provide convenient payment methods and enhance user experience; in education and healthcare, UPCX can ensure data security and transparency; and in charity and social networking, UPCX can promote transparent donations and interactions.
Market Strategy and Partnerships
Regarding market strategy, Koki Sato emphasized UPCX’s global layout and brand building. UPCX will continue to expand and deepen its market influence, attracting and retaining more users, partners, developers, investors, and regulatory support. UPCX is committed to establishing a broad user base and market awareness worldwide by building a global payment brand.
Koki Sato also shared some of UPCX’s recent essential partnerships, which have not only enhanced UPCX’s technical strength but also provided strong support for its global market expansion. For example, collaborating with Paycle Co., Ltd. enables UPCX to develop innovative products and services, further improving user experience. Through cooperation with VNX Commodities AG, UPCX has obtained compliance support in asset tokenization and stablecoin issuance, promoting its expansion in the European market.
Moreover, UPCX’s partnership with MudAi combines artificial intelligence and blockchain technology. It aims to lower the entry barrier to the metaverse and build an ecosystem that promotes a harmonious cycle among enterprises, developers, and users. This collaboration will help UPCX expand its applications in the social and entertainment fields.
The partnership with PJP Eye focuses on balancing blockchain performance and energy consumption. Through this collaboration, UPCX not only gains academic support in technology but can also innovate in hardware to improve overall system performance and efficiency. These partnerships collectively drive UPCX’s strategic layout in the global market, strengthening its technical capabilities and market competitiveness.
Future Development and User Feedback
Looking ahead, Koki Sato stated that UPCX plans to launch the UPCX wallet in the third quarter of 2024, with an expected release in August. The UPCX wallet will offer various payment methods, including mobile payments, tap-to-pay, and offline payments. These payment methods enhance user convenience and enable the UPCX wallet to adapt to multiple usage scenarios.
Additionally, the UPCX wallet features “named accounts” and messaging functions. The named account function allows users to easily create accounts, just like creating a new email address, making account management more intuitive and user-friendly; the messaging function enhances user interaction and communication, providing a more convenient and innovative payment experience.
During the AMA’s interactive session, community members actively asked questions, and Koki Sato provided detailed answers to their concerns. He elaborated on the project’s technological advantages, application scenarios, and future development plans, further boosting the community’s confidence and anticipation for the UPCX project. Through direct interaction with community members, UPCX showcased the project’s latest progress and future plans and strengthened the connection and communication with the community.
This AMA event demonstrated UPCX’s firm determination in technological innovation and market expansion. UPCX will continue to enhance its technical capabilities and expand its market influence, creating greater value for users and partners. UPCX aims to build a unified global payment network through continuous technological improvements and application expansion, providing users with more convenient, secure, and efficient payment solutions. In the future, UPCX will continue to work closely with the community, listen to user feedback, and continuously optimize products and services, striving to occupy an important position in the global payment ecosystem.
More about UPCX:
UPCX is a blockchain-based open-source payment platform that aims to provide secure, transparent, and compliant financial services to global users. It supports fast payments, smart contracts, cross-asset transactions, user-issued assets (UIA), non-fungible tokens (NFA), and stablecoins. Moreover, it offers a decentralized exchange (DEX), APIs, and SDKs, allows customized payment solutions, and integrates POS applications and hardware wallets for enhanced security, building a one-stop financial ecosystem.
Official website: https://upcx.io/
X(upcxcmo): https://x.com/kokisato_upcx
Telegram: https://t.me/UPCXofficial
Discord: https://discord.gg/YmtgK7NURF
Disclaimer: This press release may contain certain forward-looking statements. Forward-looking statements describe expectations, plans, outcomes, or strategies for the future (including product offerings, regulatory plans, and business plans) and are subject to change without prior notice. Please be advised that such statements are influenced by various uncertainties, which may result in future circumstances, events, or outcomes differing from those predicted in the forward-looking statements.
Media Contact
Company Name: UPCX team
Contact Person: Jiso
Email: Send Email
Country: Singapore
Website: www.upcx.io
