Original source: UU Wallet
The 2024 SmartCon conference hosted by Chainlink recently concluded in Hong Kong. As one of the top sponsors of the conference, UU Wallet, a new crypto payment force in Southeast Asia, has attracted much attention.
Founded in 2022, UU Wallet is committed to solving problems such as limited usage scenarios and free exchange for corporate and individual users through innovative crypto payment solutions and the use of a variety of stable coins. UU has been deeply involved in the Southeast Asian market in the early stage and already has 500,000 users. It aims to become the leading crypto payment service provider in Asia and even the world.
UU Wallet currently has offices in Singapore, Hong Kong and Manila. It has obtained the exclusive cooperation qualifications for using Virtual Asset Service License (VASP) and Electronic Payment License (EMI) in the Philippines. It also has cooperation with many Southeast Asian countries such as Malaysia, Singapore and Hong Kong. All regions have obtained compliance qualification support for local OTC business.
On the basis of compliance, UU Wallet has launched three core products to meet the needs of high-frequency users in different scenarios:
· Lightning transaction service: serving users of cross-border remittances and large-amount currency exchanges. For example, Filipino workers in the United States can use this service to quickly convert U.S. dollars into Philippine pesos with the help of stablecoin payment technology, eliminating high handling fees and cumbersome confirmation links.
· UU prepaid card: serves stable currency customers who frequently spend overseas and local legal currency. UU covers 160 countries around the world through cooperation with VISA and Mastercard. Users can recharge stablecoins in virtual or physical cards without frequent exchanges. They can use legal currency for hassle-free expenditures and check consumption records in real time.
· Third, Wallet-as-a-Service (WaaS): UU Wallet’s WaaS solution is specially designed to empower enterprises, providing enterprises with secure management functions of encrypted digital currencies, allowing them to collect payments Efficiently and securely integrate digital payments into scenarios. Through WaaS services, companies can allow customers to directly complete shopping payments using cryptocurrency without additional development, attracting more international users. For example, many foreign trade companies in the Philippine market are using UU Wallet’s WaaS system to seamlessly realize digital currency collection, settlement and exchange, improving the convenience of cross-border transactions and global business expansion capabilities.
In the next stage, UU Wallet will develop the function of personal self-hosted wallet to further enrich the scope of services. The new version of the overall product platform will also be officially launched in November. By then, users will be able to intuitively experience the encryption payment function that is different from other wallets, and provide a one-stop solution for convenient cryptocurrency exchange and global consumption services.
In the new wave, with the rapid improvement of user education, UU Wallet will play an important role in Southeast Asia and even the global encryption market, and we also hope that more partners with both compliance and innovation will join. Security, compliance and innovation open a new chapter in payment!
This article is from a submission and does not represent the views of BlockBeats
