Financial investment innovation company Huaren Capital, headquartered in the Philippines with roots in mainland China, officially released DPAY, a payment application that creates digital peso.
DPAY is a mobile payment app based on cutting-edge blockchain technology, which brings together top experts from China, the United States, Europe and Russia. It aims to solve the current pain points in the field of mobile payment.
Without any attachments, the mobile phone installed with DPAY application can be transformed into a fully functional mobile POS machine, opening up the user’s capital account system and realizing quick and convenient functions such as inquiry, remittance, payment and investment.
Merchants can realize online and offline payment collection without QR code or physical POS machine by using the DPAY app, with low commission charge and extremely fast payment response speed.
For cross-border e-commerce and transnational trading enterprises, DPAY can help them complete cross-border payment at a very low rate. Compared with the mobile payment technology that relies on centralized financial institutions, DPAY, which is based on the blockchain system, has no risk of personal information leakage and protects users’ privacy to the maximum extent.
Mobile payment business has a very broad prospect in the coming 5G era, and DPAY payment platform is expected to be widely used in the market and subvert the existing mobile payment ecosystem.
Digital peso is a blockchain reality application project jointly developed by Huaren Capital, Philippines’ Department of Finance and some major banks. As a developing country, the Philippines has a backward traditional financial system, low bank account penetration, and inadequate online financial services. The purpose of digital peso is to take advantage of the low cost and easy promotion of decentralized blockchain platform to provide modern digital financial services for Filipinos.
Using the digital peso platform, users can easily create accounts on the mobile terminal and realize quick transfer, e-commerce payment, offline shopping, and other operations. The highly encrypted decentralized security design of blockchain ensures the security of users’ account funds and privacy.
The digital peso also provides Filipino workers scattered around the world with a low-cost cross-border remittance channel, helping them to hedge against currency fluctuations and protect their hard-earned gains.
The Philippine government has also granted the CEZA a special license for Huaren Capital to facilitate the development and promotion of digital peso applications. With the support of the Philippine government and the efforts of Huaren Capital, the digital peso will become a key link in the Philippine financial system and help Filipinos enter the digital financial society.
Huaren Capital is a financial innovation and investment company that aims to promote the economic development and people’s living standard of the Philippines. It hopes to establish a foothold in the Philippines and radiate the whole world, looking for science and technology innovation enterprises with strength and dreams. Huaren Capital will make use of its cutting-edge achievements in the fields of blockchain, artificial intelligence, Internet of things, and big data to help the Philippines prosper and create wealth and value for Filipinos.
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