UU Wallet: Upholding Orthodoxy, Embracing Innovation in Compliance, the New Force of Cryptographic Payment in Southeast Asia

24-11-11 10:00

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Source: UU Wallet

The 2024 SmartCon conference hosted by Chainlink recently concluded in Hong Kong, and Southeast Asia's emerging encrypted payment powerhouse, UU Wallet, as one of the conference's top sponsors, attracted significant attention.

Established in 2022, UU Wallet is committed to providing innovative encrypted payment solutions using various stablecoins to address issues such as limited usage scenarios and free conversion for both businesses and individual users. UU Wallet has been deeply cultivating the Southeast Asian market, already boasting 500,000 users and aiming to become the leading encrypted payment service provider in Asia and eventually worldwide.

UU Wallet currently has offices in Singapore, Hong Kong, and Manila. It has obtained exclusive qualifications for Virtual Asset Service Providers (VASP) and Electronic Money Issuer (EMI) in the Philippines. Additionally, it has received compliance qualifications for local OTC operations in Malaysia, Singapore, Hong Kong, and other Southeast Asian countries and regions.

Building on compliance, UU Wallet has introduced three core products to meet the usage needs of high-frequency users in different scenarios:

· Lightning Transaction Service: Serving users engaged in cross-border remittances and large currency exchanges. For example, Filipino workers in the United States can utilize this service to quickly convert USD to PHP using stablecoin payment technology, eliminating high fees and cumbersome confirmation processes.

· UU Prepaid Card: Catering to stablecoin customers who frequently engage in overseas and local fiat currency spending. Through partnerships with VISA and Mastercard covering 160 countries globally, users can reload stablecoins onto virtual or physical cards, enabling seamless fiat spending without frequent conversions and real-time access to transaction records.

· Thirdly, Wallet-as-a-Service (WaaS): UU Wallet's WaaS solution is specifically designed to empower enterprises by providing secure management of digital cryptocurrency, allowing them to efficiently and securely integrate digital payments in their receivables scenarios. Through WaaS services, enterprises can enable customers to use cryptocurrency for shopping payments without additional development, attracting more international users. For instance, many foreign trade enterprises in the Philippines are seamlessly leveraging UU Wallet's WaaS system for digital currency receipts, settlements, and remittances, enhancing the convenience of cross-border transactions and global business expansion capabilities.

In the next stage, UU Wallet will develop the functionality of a personal self-hosted wallet to further enrich its service range. The new version of the overall product platform will also be officially launched in November. At that time, users will be able to intuitively experience the encrypted payment function that is different from other wallets, providing one-stop solutions for convenient cryptocurrency exchange and global consumption services.

In the new wave, as user education rapidly improves, UU Wallet will play an important role in the Southeast Asia and even global cryptocurrency market while hoping that more partners combining compliance and innovation will join. Security, compliance, and innovation will open a new chapter in payments!

Original article link: https://x.com/uu_wallet/