Smile Shop Partners with Conflux Network to Launch BitUnion Prepaid Card
Global Expansion of Digital Payments
Smile Shop, a leading Asian e-commerce platform, has joined forces with Conflux Network to introduce the BitUnion prepaid card. This collaboration marks a significant step in the expansion of digital asset payments across 183 countries and regions, utilizing the UnionPay International USD prepaid card framework for seamless financial transactions.
Features of the BitUnion Prepaid Card
The BitUnion prepaid card offers users the ability to load funds for online purchases, use at point-of-sale machines, and withdraw cash from UnionPay ATMs globally. It is compatible with popular platforms like Alipay and WeChat Pay, allowing for online and offline transactions at real-time exchange rates. The card's account approval process is swift, and management fees are waived initially to attract users.
Enhanced Security and Compliance
Incorporating advanced security authentication systems, the BitUnion card ensures the safety and reliability of user data. It holds the highest financial security certifications, including 3DS and PCI-DSS, safeguarding cardholder information. Fiat assets are securely managed within the UnionPay account system, providing peace of mind for users.
Integrating Blockchain and Traditional Financial Models
The BitUnion card supports digital asset transactions within the Conflux Network, leveraging the blockchain-based PayFi system. This integration overcomes the limitations of traditional payment systems and paves the way for a more comprehensive value network. Conflux’s PayFi ecosystem aims to address inefficiencies in traditional finance while aligning operations with real-time data.
Conflux Network's Vision for Payments
Conflux is a high-performance Layer1 blockchain focused on developing stablecoins and a robust payments infrastructure. It has allocated 500 million CFX from its ecosystem fund to support the growth of PayFi components, aspiring to be the preferred blockchain for consumer-grade payments.
About Smile Shop and Conflux Network
Smile Shop is an e-commerce giant targeting Southeast Asian markets, aiming to become the region's most trusted fintech super platform. Conflux Network, a permissionless Layer 1 blockchain, is recognized for its fast, secure, and scalable environment. It is the leading regulatory-compliant public blockchain in China, collaborating with global brands and government entities to drive blockchain and metaverse initiatives.
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