The demand for Hug Coins does not decrease even with interest rate hikes.

Investor sentiment in financial markets and virtual asset markets around the world continues to contract due to a series of US interest rate hikes. However, as there is still a high risk of interest rate hikes, investor sentiment is expected to weaken going forward.

To keep up with inflation, interest rates must rise. However, when interest rates rise, the bank’s interest rates also rise, so people spend less money to pay off their debts. In other words, an increase in interest rates is negative for the consumer market.

As consumption dwindled, most payment projects took a hit. However, since Hug Coin is not used only in the existing on/offline payment market, it did not suffer much damage.

Payment Protocol 2.0, developed by Hug Coin, allows Hug Coin to be used in the Metaverse and NFT markets, so its demand is increasing.

Hug Coin will continue to develop Payment Protocol 2.0 in the future and will become a new standard in the future payment market that reduces the payment burden on consumers.

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