UPCX (UPC)

UPCX is a open-source payment system based on a high-speed blockchain optimized for payments and financial services.

Whitepaper

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What is UPCX

Specifically designed for the use in payments and financial services, UPCX exceeds the current requirements of today’s payment scene by offering practical-level performance and scalability comparable to credit cards and mobile payments, as well as near instant payment finality and settlement.

Using Software Development Kits / Application Programming Interfaces (SDKs/APIs) and extensive libraries, UPCX allows the easy development of financial smart contracts as well as the creation and issuance of fungible tokens - User Issued Asset（UIA） - and non-fungible tokens - NFA (Non-Fungible Asset) - for users and business operators.

Furthermore, UPX enables the issuance of stablecoins - Market Pegged Asset（MPA） - that are pegged to prices of real-world assets, including fiat currencies and commodities, by a highly reliable price oracle. This means that even the trading of real-world assets can be handled and completed within UPCX.

All assets that exist on UPCX can be used for payments and transfers such as remittances through the UPCX software wallet. UPCX enables same-asset payments and remittances but is specifically designed to also enable cross-asset transactions where the sender and receiver use different assets. Furthermore, all assets can be freely traded at any time on UPCX’s own Decentralized Exchange (DEX).