How Hug Coin Solves the Problems of Cryptocurrency Payments

HUG Coin
HugCoin
Published in
2 min readAug 11, 2022

Vitalik Buterin, the founder of Ethereum, participated in Korea Blockchain Week 2022 recently held in Korea and predicted that the payment system using cryptocurrency will become popular within 3 years.

Currently, the advantages of the payment system using cryptocurrency are well known through many media, but the reason that it has not been commercialized is because it is difficult to solve the volatility of cryptocurrency and establish a consumer protection system.

Hug Coin’s platform does not bear the risk of cryptocurrency volatility to platform users, but Hug Coin bears it. This allows merchants to earn stable profits and provides consumers with the ability to purchase products they want with cryptocurrency.

In addition, Hug Coin establishes a consumer protection system by using Wrapped tokens as a means of guaranteeing payment and settlement with cryptocurrency when consumers confirm their purchase.

Hug Coin will preoccupy the upcoming cryptocurrency payment market through Payment Protocol 2.0 and the platform and make it possible for consumers to use satisfactory services.

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