SINGAPORE, October 9, 2018 — DBX Foundation ($DBX) announced today the official partnership with Ruyi Pay and the integration of its instant payment solution into DBXChain — capitalizing on the 16 trillion USD Chinese Mobile Payment market. Through Ruyi Pay App, users will enjoy the possibility to make mobile payments in over 400,000 Supermarkets across China, with DBXChain Blockchain supporting incredible high traffic transactions.
China is the biggest mobile payment market with over 16 trillion USD in annual transaction value, that in comparison with United States 112 billion USD market. While the two largest mobile payment providers Alibaba (Alipay) and Tencent (Wechat Pay) have mostly aimed for the larger retailers for sophisticated payable solutions, Ruyi Pay will provide mobile payment for over 400,000 small and midsize retailers and for customers demanding more transparency of how their personal data is used. Ruyi Pay will use DBXChain Blockchain technology to offer mobile payments for small — and midsized merchants, Cross-border payments, tourism, e-commerce, and overseas financial one-stop payment Solutions. DBXChain Blockchain infrastructure will ensure tens of thousands of transactions per hour in a Supermarket are managed efficiently, secure and fast.
Through Ruyi Pay, users will be able to quickly and easily handle day-to-day purchases in a reliable and fast way in the palm of your hand. In its core, Ruyi Pay will be able to take advantage of DBXChain’s leading payment platform, and have the chance to take leverage of DBXChain’s unique infrastructure aimed for data exploring for increased transparency for its users.
DBXChain and Ruyi Pay look forward to introduce new technologies into the payment industry, increasing the convenience for thousands of users, and enable blockchain to reach true mass adoption.
Link to Ruyi Pay: http://ruyipay.net/ruyipay/
About DBXChain:
DBX — The Blockchain Built for Real World Apps
DBX launched in 2016 and have since developed their own blockchain which is designed for the big data era with 3000+ TPS. The primary mission is to build a highly efficient and safe blockchain network, which encourages strengthened data exchange, and data value mining. Data connections, that were not previously able to release value, have been made possible by this new blockchain operation system. As a result, this opens up blockchain to far more “real world” relevance than has previously been possible.
Unique Technical features of DBX Blockchain:
*Reach real 3000+ TPS & 1,000,000 TPS in Parallel Side-Chain
*D-DPoS Consensus Mechanism with Real-time and unpredictable Trinity Node election procedure to avoid bribery
*Data Storage Side-Chain making data accessible easily
*Brand new smart contract consensus mechanism with data verification
LEARN MORE ABOUT DBXCHAIN AT:
Website: https://www.dbx.one/
Twitter: https://twitter.com/DBXFoundation
Facebook: https://www.facebook.com/DBX-Foundation-2034487803539197/
Telegram: https://t.me/DBXOfficial
Medium: https://medium.com/@dbxchain/
Reddit: https://www.reddit.com/r/DBXChain/
Github: https://github.com/dbxone
Official Email: dbx_official@dbx.one
