Nov 14, 2018
Currently, with the development of the general structure of blockchain in the field of digital currency, the digital currency represented by bitcoin has gained a considerable degree of market recognition in European and American countries. Bitcoin can not only be used to purchase goods from merchants, but also spawns a variety of application products including bitcoin debit card, ATM machine, etc.. There is no denying that the advent of the digital economy has become a social consensus. Developing digital currency and digitized assets has become a strategic choice for various countries and enterprises. Under the trend of globalization, payments, transactions and so on will gradually complete such process. With the advantages of distributed ledger technology of blockchain, it will effectively solve the problem of transaction authenticity and reliability, and significantly reduce intermediate fees through digital currency Nowadays, e-commerce platforms, represented by Taobao.com which is closely followed by Amazon, Ebay, JD.com, etc., mainly deal with transactions of physical commodities. Nevertheless, it can be seen that related platforms have also been exploring virtual product transactions and the trend towards blockchain. At the same time, we find that the public demand for virtual products is rising, and the digitization of assets has gradually become the mainstream in the market. Driven by market demands, the platforms that have realized the blockchain transaction of virtual products relying on the decentralization technology and all-purpose certificate are bound to usher in greater room for development. On being aware of this, Qubay entered the market in tine, and managed to accomplish its service functions in all kinds of ways, such as developing virtual product trading platform (Qubay Dapp), issuing and purchasing all-purpose certificate (QUC), creating a blockchain payment platform (QUCash wallet), and building a trading chain to support transactions for virtual products. Therefore, B- and C-end users who are involved in trading of virtual goods are connected worldwide.
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