The era of cryptocurrency payments is coming.

HUG Coin
HugCoin
Published in
2 min readOct 12, 2022

Last September, Boracay Island, a famous tourist destination in the Philippines, introduced a system that allows you to pay for restaurants and other products with Bitcoin. Russia has also negotiated with the Ministry of Finance to allow cryptocurrencies to be used in payments between friendly countries.

On the 12th, Google, a large platform, also announced that it would introduce cryptocurrency payments from 2023 for cloud service payments. As such, the cryptocurrency payment system is expanding at a faster rate.

Cryptocurrency payment systems can significantly reduce fees and keep personal information more secure than existing payment systems. However, there are still many challenges to be solved, such as risks from fluctuations in cryptocurrency prices.

Hug Coin has developed a blockchain-based payment protocol 2.0 to quickly commercialize a cryptocurrency payment system, and will support Hug Wallet. In Hug Wallet, you can also send cryptocurrency using your personal ID or phone number.

The most important volatility risk in the cryptocurrency payment system was solved by introducing a point conversion system for cryptocurrency. Hug Coin will become a new reference point in the upcoming cryptocurrency payment era.

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