The PayFi concept is rampant, driving the U Card business. Which U Cards are performing well?

In recent years, as Web3 and Crypto Assets rapidly enter the public eye, Hong Kong has become one of the key areas for innovation in crypto payment. When traditional finance collides with the world of Blockchain, the new concept of "PayFi," which combines payment (Pay) and Decentralized Finance (DeFi), emerges. The rise of this trend has also driven multiple crypto payment platforms, including UPay, to actively layout, especially with product updates targeting Crypto Assets cards, forming a new situation of "U Card Racing."

UPay is one of the most outstanding Crypto Assets payment brands in recent times. Its launched virtual card "UPay Premium Card" not only supports linking with Apple Pay and Google Pay but also enables real-time payment across multiple scenarios and platforms. Users can make payments directly with mainstream Crypto Assets like USDT and ETH, eliminating the cumbersome process of currency exchange and preloading, truly achieving a flexible experience of "holding coins while spending."

To attract more users, UPay is also ramping up its marketing efforts. New users who register and open an account can enjoy a 50% refund on the account opening fee, paying only 5 USDT. At the same time, a "Invite Friends" reward mechanism has been launched, where for each successful referral who opens an account, the referrer can receive a 50% USDT account opening commission and an additional 0.36% annualized interest rate. Additionally, there are zero cross-border and recharge fees; only a 1% transaction fee, leading the entire U card market.

In addition to payment functions, UPay also emphasizes financial management returns. Users holding assets can participate in both flexible and fixed-term financial management, enjoying annualized interest rates of up to 4% and 5.5% respectively. This means that even without spending, crypto assets can still generate stable returns on the platform, attracting a large number of asset-type users. At the same time, UPay employs dual authentication, 3D Secure, CVC2 security codes, and other technologies to provide users with financial-grade asset protection.

The application scenarios for the U Card are becoming increasingly widespread. It can be used not only at local merchants such as 7-11, supermarkets, and coffee shops, but also supports subscription platforms like Netflix, Spotify, and Apple Music. It can even be easily used for overseas travel and e-commerce shopping. This ability to connect online and offline payments, as well as domestic and overseas transactions, has quickly made the UPay card the preferred choice for young users and freelancers.

In the future, the PayFi sector will not only remain at the payment card stage, but is expected to integrate various Web3 elements such as DeFi, NFTs, and digital identity, becoming a true entry point for digital assets. UPay currently holds multiple financial licenses, including MSB in the United States, MSB in Canada, VASP in Lithuania and the UAE, as well as MSO, MML, and TCSP in Hong Kong, building a comprehensive encryption payment and asset management platform within the regulatory and compliance framework.

Looking at the overall trend, the 'fast-running' U card relies not only on discounts and functions but on whether it can truly understand users' asset needs and consumption habits. The PayFi era has arrived, and whoever can break through the barriers first in this competition will seize the dominant power in Web3 finance.

Log in to the UPay official website now to quickly apply for a crypto assets card and enjoy a smart financial life where "holding coins and spending is a win-win"! New users can enjoy a limited-time offer: no collateral handling fee for the first month, and the limit is available for immediate use.

About UPay Financial Technology

UPay Financial Technology was established in 2023, dedicated to creating a globally leading digital asset banking platform, providing a one-stop solution for credit card payments, global remittances, mortgage lending, and wealth management services, promoting the deep integration of digital assets and TradFi.

Risk Warning: The cryptocurrency market is highly volatile, and collateralized lending requires careful risk assessment. UPay does not provide investment advice.