Recently, the newly emerging blockchain payment project UPCX has drawn widespread attention. UPCX is an open-source payment system that supports super applications. On top of payment, it integrates various financial and lifestyle services, creating a true “super app.” Via this app, users can easily handle multiple affairs in daily life, including but not limited to payment, booking, order processing, messaging, asset management, and investing.
As UPCX (UPC) goes public, for investors, the primary concern is whether UPCX (UPC) is worth investing in. This article will analyze the prospect of the blockchain payment track and the future value expectation of UPCX to determine its investmentworthiness.
The Rigid Demand of Web3 – Blockchain Payments
Blockchain payment is revolutionizing payment and trade, bringing more efficient and cost-effective solutions to cumbersome processing procedures. Traditional commercial trade payment and clearing methods rely on the banking system, involving links such as opening banks, counterparties, clearing organizations, and overseas banks. The process is complex and costly. However, blockchain payment provides an end-to-end payment method, eliminating the need for intermediary institutions, thus significantly improving efficiency and reducing costs.
Since the event of Bitcoin being used to buy pizza in 2010, blockchain payment has grown for over a decade in both digital and physical economies. The development potential of this field is enormous, and the prospects are promising.
Whether in bull or bear markets, blockchain payments have shown lasting appeal. Market fluctuations do not affect them because their value stems from their ability to solve real problems and provide better solutions. Therefore, the prospects of the blockchain payment track are up-and-coming.
Now, we stand at a new historical node, facing a huge market void of Web3. Blockchain payment will continue to play its core role in this new era, pushing our society forward. According to the “2023 Cryptocurrency Payment Industry Research Report” jointly released by Web3 research institution Bing Ventures and Alchemy Pay, the global cryptocurrency payment market will exceed 100 billion dollars within three years.
UPCX aims to make the application of blockchain technology more widespread and convenient while providing more efficient, safer, and more flexible payment and financial services. Among the blockchain payment track, UPCX is one of the few projects capable of extending and permeating to both on-chain and off-chain scenarios, forming a complete application scenario loop, thereby turning the vision of Web3 into reality. Therefore, UPCX’s super app is hailed as a new paradigm of Web3 applications.
Investor Confidence – UPCX’s Compliance Journey
In the field of “payment,” “compliance” is a crucial issue that cannot be ignored. To operate a payment system globally, strict adherence to the regulations of various countries and regions is mandatory, including but not limited to anti-money laundering (AML) and customer due diligence (KYC) rules. This system concerns the company’s legal operation and affects user trust and investor confidence. Therefore, UPCX has always made compliance the cornerstone of its operation, strictly adhering to all related laws, regulations, and standards.
Currently, UPCX is in the process of globalization and is applying to be listed on a global compliance exchange in Japan. So why choose Japan first? After comparing blockchain policies in 24 major countries across five continents (including China, Japan, Korea, Singapore, the United States, etc.), we found that the Japanese government adopts a positive attitude towards crypto financial regulation. Japan is the first country in the world to enact laws related to crypto assets, so it is a critical country that must be faced on the path to crypto-financial compliance. Approval from Japan means recognition of compliance.
It’s worth noting that UPCX’s core team includes many members with a Japanese background or work experience in Japan. For instance, Chief Marketing Officer Yutaka Imaizumi has a deep professional knowledge of Japan’s financial banking industry and has accumulated extensive experience with blockchain projects. Chief Financial Officer Rikiya Masuda was a core member of bitFlyer, Japan’s largest cryptocurrency/blockchain company. These factors enhance UPCX’s compliance and influence in the Japanese market, smoothing the company’s development in the region.
Once the global compliance exchange in Japan approves UPCX’s application, it will signify that Japan’s financial regulatory authorities have recognized its business and operational model, enhancing brand credibility and expanding market influence. It will also further broaden the coverage of its products and services, strengthen user and investor trust, and provide broader access to the capital market, further promoting its global business expansion. For investors in UPCX (UPC), this undoubtedly boosts confidence in their investment.
Investment Expectation – UPCX’s Use Cases and Utility
With its forward-looking and bold design concept, UPCX provides comprehensive solutions for various payment and financial service scenarios. It supports handling different payment and financial transactions, catering to everyday retail and large-scale commercial transactions. Its smart contract functionality supports recurring payments, automatic withdrawals, and non-custodial escrow, allowing users to customize smart contracts according to their needs. Simultaneously, UPCX empowers users and businesses to create and issue tokens on its platform, supporting user-issued assets (UIA), non-fungible assets (NFA), and stablecoins.
Furthermore, UPCX supports cross-asset transactions, meeting complex transaction needs regardless of what assets the sender and receiver are using. Its decentralized exchange (DEX) allows all assets to be freely traded within the platform, enhancing asset liquidity and utility. To better integrate virtual assets into reality, UPCX has developed Point of Sale (POS) applications and terminals, and connected with cryptocurrency ATMs, achieving a seamless combination of the virtual asset world and real life.
UPCX also offers a messaging feature, optimizing communication during transactions and enhancing user experience. UPCX’s super app integrates these functionalities, allowing users to handle all daily affairs in one application, including payment, booking, order management, messaging, asset management, and investing. This super app saves users significant time and effort in switching between different applications.
This integrated effect is reflected in convenience, efficiency, flexibility, security, and innovation. Regarding security, UPCX is developing a hard wallet and encryption algorithm to counter potential threats from future quantum computing, offering high protection for user assets. Its broad application scenarios and utility make UPCX a project with considerable investment expectations.
The outlook for UPCX looks promising. It’s a project with the potential to transform the payment and financial services sector, boasting significant technical advantages and innovation. UPCX’s compliance, use cases, and utility provide it with strong competitiveness. However, investors should note that all investments carry risks and must decide whether to invest in UPCX based on their investment goals, risk tolerance, and investment horizon. This article is merely an objective interpretation of UPCX.
UPCX