Human Plus releases crypto payment ecosystem HupayX
Human Plus, the South Korean crypto payments start-up, has unveiled its human-centric crypto payment ecosystem, HupayX.
HupayX aims to transform traditional payment infrastructure with all-in-one blockchain-based cryptocurrency payment platform.
The platform was revealed at “Future Blockchain Summit 2019”, a blockchain festival hosted by Smart Dubai held on 2-3 April.
As Dubai’s government aims to transform the city to the blockchain capital of the Middle East, HupayX aims to become its main cryptocurrency-based payment solution partner.
Human Plus says it is already forming partnerships in South Korea through its “Alliance Group” initiative.
“Traditional payment infrastructure is not suitable to utilise cryptocurrencies in our everyday lives nor does it help us to eradicate existing cash ecosystem as a whole,” states Aibek Amandanov, head of global marketing team at Human Plus.
HupayX strives to create an infrastructure where everyone: national governments, solution providers, businesses, SMEs and most importantly general public can benefit from spending their cryptos in their commercial activities.
The company also states that compared to Visa and Mastercard, HupayX is significantly cheaper with just 0.5% processing fee per transaction for merchants of any size.