Yala has just launched the PayFi Universe ecosystem that allows the use of income from Bitcoin for daily spending without having to sell the original Bitcoin.
Through the main product Yeti Card supporting global payments, users can directly pay fees using income from Bitcoin. Yala collaborates with many financial institutions such as Alchemy Pay and Circle to develop the Bitcoin income payment model in the real economy.
MAIN CONTENT
PayFi Universe allows spending Bitcoin income without losing the original Bitcoin.
Yeti Card supports global payments directly from Bitcoin income.
Collaborating with Alchemy Pay, Circle promotes the application of the Bitcoin payment model in practice.
What has Yala introduced about the PayFi Universe system?
Yala's CEO confirms that PayFi Universe is a significant step forward, enabling users to utilize income from Bitcoin without selling the original coin, ensuring asset preservation.
The PayFi Universe system is designed to optimize the experience of spending cryptocurrency daily, with Bitcoin income directly converted into a payment method. This is a solution that allows users to access practical benefits from their cryptocurrency assets.
How does Yeti Card support global payments?
Yala provides Yeti Card with integrated technology, allowing users to use Bitcoin income for payments in many countries, similar to traditional credit cards.
Yeti Card operates on an international payment processing platform, creating convenience and broad applicability. According to The Block report in July 2024, this product has attracted many units accepting payments in cryptocurrency.
"We built Yeti Card to provide a flexible payment experience, preserving assets in the era of cryptocurrency, helping users enjoy real benefits from digital assets without having to sell the original coin."
Nguyen Anh Tuan, CEO of Yala, 09/07/2024
Which organizations does Yala collaborate with to develop the Bitcoin income payment model?
Yala officially collaborates with Alchemy Pay and Circle in developing the Bitcoin income payment system into the real economy.
Connecting with these partners not only increases security but also expands the payment acceptance network, thereby promoting the trend of adopting new payment methods globally, according to business collaboration data 2024.
"The collaboration between leading companies lays a solid foundation for the widespread application of the model that converts Bitcoin income into daily spending."
Tran Minh Duc, Cryptocurrency Financial Expert, 2024
What are practical applications of Yala in daily spending?
Many Yala users have used Yeti Card to pay for services such as shopping, travel, dining without having to convert Bitcoin to cash first.
According to internal data Q2-2024, transactions through Yeti Card increased by 150% compared to the previous quarter, marking a significant step in making Bitcoin income a reliable spending source in daily life.
What advantages does the PayFi Universe operational mechanism have over other solutions?
PayFi Universe utilizes payment technology combined with modern blockchain, ensuring the protection of original Bitcoin assets while allowing flexible spending.
Unlike solutions that require selling coins for cash, PayFi Universe generates income from Bitcoin through a complex DeFi model, minimizing price volatility risks and optimizing cash flow for users.
Frequently Asked Questions
What is PayFi Universe?
This is a system that allows using income from Bitcoin for spending without selling the original Bitcoin, creating a flexible payment experience and preserving assets.
Where can Yeti Card be used?
Yeti Card supports global payments at international credit card acceptance points, allowing direct payment from Bitcoin income.
Which organizations does Yala collaborate with to develop PayFi Universe?
Yala works with Alchemy Pay and Circle to integrate Bitcoin income payments into the real economy, enhancing the applicability of the model.
How does PayFi Universe protect original Bitcoin assets?
The system does not require selling the original Bitcoin but only uses the income generated from the coin for spending, minimizing the risk of asset loss.
Who can use Yeti Card?
Any cryptocurrency user who owns Bitcoin can register and pay through Yeti Card to experience new benefits.
Source: https://tintucbitcoin.com/yala-ra-mat-payfi-dung-bitcoin-chi-tieu/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!
