Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»CRYPTO NEWS»Smile Shop joins Conflux PayFi ecosystem with BitUnion prepaid card
CRYPTO NEWS

Smile Shop joins Conflux PayFi ecosystem with BitUnion prepaid card

By Crypto FlexsDecember 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Smile Shop joins Conflux PayFi ecosystem with BitUnion prepaid card
Share
Facebook Twitter LinkedIn Pinterest Email

December 3, 2024, New York, USA, Chainwire

Smile Shop, Asia’s leading e-commerce platform, has launched the BitUnion prepaid card in partnership with Conflux Network, China’s only compliant public blockchain. This partnership marks a major expansion into global digital asset payments, with cards welcomed in 183 countries and territories.

The BitUnion prepaid card operates on the recently launched UnionPay International USD prepaid card framework. UnionPay International, the world’s second largest card payment processor, ensures smooth financial transactions. Users can load funds to their cards to make online purchases, use them at point-of-sale machines, or withdraw cash at UnionPay ATMs across 183 countries. The card can also be linked to popular third-party payment platforms such as Alipay and WeChat Pay. Whether offline or online, transactions are settled at the real-time exchange rate between your local currency and USD. The account approval process is fast, and administration fees are waived during the initial launch period.

As the core product of the Conflux PayFi ecosystem, the prepaid card integrates the experienced secure authentication system of traditional finance. User data is managed by professional organizations to ensure security and compliance. Fiat assets are stored within the UnionPay account system, ensuring absolute security and reliability. BitUnion prepaid cards have achieved the highest level of financial security certifications, including 3DS and PCI-DSS, to comprehensively protect cardholders’ payment security.

The prepaid card leverages the blockchain-based PayFi system to support digital asset transactions and transfers within the Conflux Network, overcoming the limitations of existing payment infrastructure. Bringing traditional financial models (from credit cards to invoice financing to reverse factoring) to blockchain creates a more integrated value network. Conflux’s Pay Finance (PayFi) addresses the inefficiencies of traditional payment systems while keeping financial operations aligned with real-time data, creating a large-scale model for the blockchain consumer application ecosystem.

Conflux, a high-performance Layer1 blockchain, has been at the forefront of technological advancements, particularly in Stablecoin development. They are now expanding their focus to encompass a comprehensive payments infrastructure and foster the PayFi ecosystem. To become the blockchain for consumer-grade payments in the future, Conflux Foundation has committed CFX 500 million from its ecosystem fund to fuel the growth of PayFi stack components.

Introduction to Smile Shop

Smile Shop is a super e-commerce platform under Smile Shop Holdings Pte (Singapore) and is targeting the Southeast Asian market with the vision of becoming the most trusted fintech super e-commerce platform in Southeast Asia.

Conflux Network Information

Conflux Network is a permissionless layer 1 blockchain that connects the global decentralized economy. Utilizes a hybrid PoW/PoS consensus mechanism to ensure a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security.

As China’s leading regulatory compliant public blockchain, Conflux offers an advantage to projects entering the Asian market. Through partnerships, Conflux works with global brands and government agencies, including Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China and Oreo. This notable collaboration serves as a testament to Conflux’s unwavering commitment to driving blockchain and metaverse initiatives.

contact

Melissa Tyree
melissa@shift6studios.com

Smile Shop Joins Conflux PayFi Ecosystem with BitUnion Prepaid Card

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Elon Musk wants everyone to pay to use X, but can they pay with Dogecoin?

April 16, 2024

Institutional Fund Inflows at Highest Annual Rate of $13.8 billion, Far Surpassing Records in 2021: CoinShares

April 8, 2024

How soon can Polkadot break $6? A look at DOT’s recent market movements

November 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.