Smile Shop partners with Conflux Network to launch BitUnion prepaid card expanding global reach.

From Investing.com

December 3, 2024 05:30:34 AM:

Smile Shop partners with Conflux Network to launch the BitUnion prepaid card, expanding global digital asset payment reach to 183 countries. The card operates on UnionPay International framework, allowing online purchases, point-of-sale transactions, and cash withdrawals. Security features include 3DS and PCI-DSS certifications for payment security.

The BitUnion prepaid card supports digital asset transactions within the Conflux Network, integrating traditional financial models into blockchain for a more comprehensive value network. Conflux’s PayFi ecosystem addresses inefficiencies in traditional payment systems while ensuring real-time financial operations alignment and secure transactions. Conflux commits 500 million CFX from the ecosystem fund to fuel PayFi growth.

Smile Shop is a super e-commerce platform targeting Southeast Asian markets to become the region’s most trusted fintech platform. Conflux Network is a permissionless Layer 1 blockchain with a hybrid PoW/PoS consensus mechanism for fast, secure, and scalable operations. Conflux’s partnerships with global brands and government entities showcase its dedication to driving blockchain and metaverse initiatives.

Read more at Investing.com: Smile Shop Joins Conflux PayFi Ecosystem with BitUnion Prepaid Card By Chainwire