Cryptocurrency trends and developments

Sep 6, 2022

On October 31, 2008, the world's first cryptocurrency bitcoin (bitcoin) came out, and 2021 is a year of vigorous development of cryptocurrency, with the issuance of various digital tokens and NFT applications. According to the North American Investment Opportunities and News (NAI500) release, 5 cryptocurrency trends for 2022 include: 1. Web3 will decentralize the Internet, 2. Financial services will adopt blockchain, 3. NFTs and the generation of real-world assets Tokenization, 4. Earn money by playing, expand the scope of cryptocurrency games, and 5. Metaverse growth. Among them, the tokenization of NFTs and real-world assets has extended from art, entertainment, and financial industries to more application fields, such as sports, aviation, automobiles, and fashion industries .

However, NFT still has problems to be solved. Due to its special small-scale nature, the record-breaking transaction price makes people question whether it is just a name, and the market value, liquidity and development sustainability of NFT's integration of virtual and real needs to be tested by time. . In addition, according to the "Future Trend Report of Financial Industry Payment" released by Capital Partners Accounting Firm at the end of May 2021, under the catalysis of the new crown epidemic, electronic payment has become the core of the transformation of the financial service industry. It is expected that from 2020 to 2025 In 2018, the global cashless transaction volume will grow by more than 80%, with the most dramatic growth in the Asia-Pacific region . Therefore, more and more payment providers are also beginning to support cryptocurrency transaction services. For example, the well-known online payment service provider PayPal and the two major international card issuers, VISA and MasterCard, are promoting the gradual realization of cryptocurrency transactions.

In Taiwan, Advantage Fuyu launched the first third-party payment system integrating virtual and real in Taiwan: UFPAY Advantage Payment , which can be connected with USDT, TRX, AT digital currency for payment, and is also the first cryptocurrency payment merchant virtual currency in Taiwan. USDT, TRX, AT payment interfaces, by simplifying the process of encrypted payment, allow merchants and consumers to easily pay with encrypted currency, making it more convenient to enjoy life, food, drink and entertainment. Through UFPAY Advantage Payment supports multi-chain function, merchants can add multiple types of currencies according to their needs, and, through SSL server digital certificates, provide a variety of different server digital certificates, so that the payment security level can be improved to the enterprise level! Let merchants painlessly enter the encrypted market worth more than 1 trillion US dollars, and move towards a consumption pattern that integrates virtual and real.