UPCX Wallet Set to Launch Public Testnet, Aiming to Reshape the Crypto Payment Experience

General

In
the
rapidly
evolving
cryptocurrency
industry,
usability
and
security
have
become
primary
concerns
for
users.
UPCX
Wallet
is
designed
to
simplify
the
cryptocurrency
payment
process.
It
has
recently
announced
a
series
of
eagerly
anticipated
new
features
while
declaring
that
its
public
testnet
is
on
the
horizon.

The
launch
of
the
public
testnet
will
introduce
various
innovative
tools,
including
mobile
apps,
browser
extensions,
testnet
faucets,
a
blockchain
explorer,
and
performance
monitoring
tools.

The
UPCX
Wallet
is
currently
in
a
closed
network
testing
phase
and
is
not
yet
available
to
the
general
public.
This
rigorous
testing
ensures
that
the
wallet’s
functionalities
will
operate
as
planned
and
meet
the
highest
security
standards
before
public
release.
The
development
team
has
indicated
that
once
the
test
is
fully
built
and
operating
smoothly,
the
testnet
will
be
opened
up
for
user
experience.

Key
features
of
the
UPCX
Wallet
include:

Usability

Named
Account
System:
Users
can
simplify
their
experience
by
using
easy-to-remember
strings
as
IDs
(such
as
usernames
or
email
addresses),
instead
of
complex
blockchain
addresses.

Flexible
Payment
Methods

1.
Mobile
Payments:
Quick
initiation
(push)
or
receipt
(pull)
of
payments
by
scanning
QR
codes.

2.
Tap
to
Pay:
Contactless
payments
are
made
possible
through
NFC
technology,
requiring
only
a
touch
on
the
payment
terminal.
3.

Offline
Payments:
a.

Enable
payments
in
the
absence
of
a
network
connection.
b.

Offline
transaction
data
will
be
temporarily
stored
on
the
device
and
synced
to
the
blockchain
once
connected.
c.

Ensures
that
no
funds
are
moved
while
offline.

Security
and
Privacy

1.

Anonymous
Accounts
and
Transfers:
Provides
privacy
features
that
conceal
the
identity
of
the
parties
and
the
transaction
amounts.
2.

Double-Spending
Attack
Protection:
Ensures
transaction
safety
and
prevents
the
reuse
of
funds
through
design
features.

Compatibility

1.

Cross-Chain
Interoperability:
Achieves
interoperability
with
other
blockchains
through
the
COSMOS
protocol,
supporting
transactions
in
multiple
assets.
2.

Payment
Processing
Efficiency:
Guarantees
the
rapid
completion
of
transactions
with
high
payment
processing
capabilities.
3.

Super
APP
Ecosystem:
In
the
future,
the
UPCX
Wallet
will
become
the
core
payment
gateway
within
the
UPCX
Super
APP
ecosystem.

Asset
Management

1.

Multi-Asset
Support:
Trades
of
Market-Pegged
Assets
(MPA)
and
User-Issued
Assets
(UIA)
are
supported.
2.

Decentralized
Exchange
(DEX):
Built-in
DEX
functionality
simplifies
asset
trading
and
exchange
processes.

Community
Network

1.

Encrypted
Communication:
Offers
secure
messaging
functionality
for
encrypted
communication
on
the
blockchain.
2.

Anti-DDoS
Attacks:
Protects
the
network
against
DDoS
attacks
by
limiting
the
number
of
complimentary
messages
per
second
and
charging
for
excess
messages.

With
these
innovative
features,
the
UPCX
Wallet
aims
to
provide
users
with
a
comprehensive,
convenient,
secure
payment
and
asset
management
platform.
Its
goal
is
to
streamline
the
use
of
cryptocurrencies
and
promote
their
application
in
everyday
life.
As
the
public
testnet
progresses
and
the
forthcoming
user
experience
arrives,
UPCX
Wallet
is
expected
to
establish
a
foothold
in
the
crypto
payment
sector
and
attract
widespread
attention.

More
about
UPCX:

UPCX
is
a
blockchain-based
open-source
payment
platform
that
aims
to
provide
secure,
transparent,
and
compliant
financial
services
to
global
users.
It
supports
fast
payments,
smart
contracts,
cross-asset
transactions,
user-issued
assets
(UIA),
non-fungible
tokens
(NFA),
and
stablecoins.
Moreover,
it
offers
a
decentralized
exchange
(DEX),
APIs,
and
SDKs,
allows
customized
payment
solutions,
and
integrates
POS
applications
and
hardware
wallets
for
enhanced
security,
building
a
one-stop
financial
ecosystem.

Official
website: https://upcx.io/

X: https://x.com/Upcxofficial

X(CMO,
UPCX): https://twitter.com/kokisato_upcx

Telegram: https://t.me/UPCXofficial

Discord: https://discord.gg/YmtgK7NURF

Media
Contact

Company
Name: UPCX
team

Contact
Person: Jiso
Liu

Email:

[email protected]

Website:
www.upcx.io

Disclaimer:
The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
or
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
that
you
practice
due
diligence
(including
consultation
with
a
professional
financial
advisor)
before
investing
in
or
trading
securities
and
cryptocurrency.