SINGAPORE, April 5, 2024 (Globe Newswire) — In the rapidly evolving cryptocurrency industry, usability and security have become top concerns for users. UPCX Wallet is designed to simplify the cryptocurrency payment process. The company recently announced a series of long-awaited new features and declared that it is nearing completion of its public testnet.
The launch of the public testnet introduces a variety of innovative tools, including mobile apps, browser extensions, testnet faucets, blockchain explorers, and performance monitoring tools.
The UPCX wallet is currently in the closed network testing phase and is not yet publicly available. This rigorous testing ensures that the wallet's functionality works as planned and meets the highest security standards before going public. The development team says that once the tests are fully built and running smoothly, the testnet will be open to user experience.
The main features of UPCX wallet are:
ease of use
Designated account system: Users can simplify their experience by using easy-to-remember strings (such as usernames or email addresses) as IDs instead of complex blockchain addresses.
flexible payment methods
1. Mobile payments: Quickly initiate (push) or receive (pull) payments by scanning a QR code.
2. Tap to Pay: NFC technology enables contactless payments, just touch the payment terminal.
3. Offline payment:
a. Enable payments even when there is no network connection.
b. Offline transaction data is temporarily stored on the device and synced to the blockchain once connected.
c. Prevent funds from being transferred while offline.
Security and privacy
1. Anonymous Accounts and Transfers: Provides privacy features that hide the identities of parties and transaction amounts.
2. Double-spend attack protection: Design features ensure transaction safety and prevent fund reuse.
compatibility
1. Cross-chain interoperability: Achieve interoperability with other blockchains through the COSMOS protocol and support transactions across multiple assets.
2. Payment Processing Efficiency: High payment processing capacity ensures quick completion of transactions.
3. Super APP Ecosystem: In the future, UPCX Wallet will be the central payment gateway within the UPCX Super APP Ecosystem.
asset management
1. Multi-asset support: Trading of market-linked assets (MPA) and user-issued assets (UIA) is supported.
2. Decentralized Exchange (DEX): Built-in DEX functionality simplifies the process of trading and exchanging assets.
community network
1. Encrypted Communication: Provides secure messaging functionality for encrypted communication on blockchain.
2. DDoS attack protection: Protect your network from DDoS attacks by limiting the number of free messages per second and charging for excess messages.
With these innovative features, UPCX Wallet aims to provide users with a comprehensive, convenient and secure payment and asset management platform. Its goal is to streamline the use of cryptocurrencies and promote their application in everyday life. As the public testnet progresses and the upcoming user experience arrives, UPCX Wallet is expected to establish a foothold in the crypto payment space and attract widespread attention.
UPCX details:
UPCX is a blockchain-based open source payments platform that aims to provide secure, transparent, and compliant financial services to users around the world. It supports fast payments, smart contracts, cross-asset transactions, user-issued assets (UIA), non-fungible tokens (NFA), and stablecoins. Additionally, we provide decentralized exchanges (DEX), APIs, and SDKs to enable customized payment solutions, integrate POS applications and hardware wallets for enhanced security, and create a one-stop financial ecosystem. Masu.
Official website: https://upcx.io/
X: https://x.com/Upcxofficial
X(CMO, UPCX): https://twitter.com/kokisato_upcx
telegram: https://t.me/UPCXofficial
discord: https://discord.gg/YmtgK7NURF
media contact
Company Name: UPCX Team
Contact person: Jiso Liu
Email: info@upcx.io
Website: www.upcx.io
Disclaimer: The information provided in this press release is not intended as a solicitation to invest and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you conduct due diligence (including consulting with a professional financial advisor) before investing in or trading in securities or virtual currencies.
CONTACT: Jiso Liu UPCX team info at upcx.io
