Fintech is a combination of the words of finance and technology, and refers to a company that provides services or services that combine the two. Technology here means technology in the IT industry. The fintech industry emerged as the financial industry suffered a crisis due to the subprime mortgage crisis.
Using IT technology to electronicize financial services and replace existing people’s work with computer systems, drastically reducing labor costs, and the fintech industry has developed as consumers’ online data has become a new source of revenue for the financial industry.
The development of the fintech industry has allowed us to overcome the limitations of existing payment systems. And it lowered the entry barrier for consumers to use financial services. However, the fintech industry has been monopolized by VAN and PG for so long that problems with the payment system have not been solved.
In addition, the NFT market and the metaverse market, which have grown rapidly recently, have to pay through blockchain, but the blockchain using distributed ledger is a very difficult field to combine the existing fintech industry, so there is still no proper payment system in the NFT market and metaverse market.
Hugcoin’s Payment Protocol 2.0 does not require VAN and PG to intervene in the payment system, so it can solve the problems of existing payment systems and make payments to online, offline, NFT, and metaverse markets by allowing cryptocurrency to be used for transactions.
HugCoin is leading the fintech industry with more diverse partnerships.
For more information, please refer to the link below
■ Telegram : https://t.me/hugcoin_announce
■ Kakao talk : https://open.kakao.com/o/goXtkZNd
■ Official website : https://hug-k.com
■ medium : https://medium.com/@hugcoin135