A Simple Comparison of Mobile Payment Services in Korea
Mobile payment services, which have grown rapidly in the United States, are now beginning to grow at an even faster pace in China and other countries. The domestic Korean market is also seeing steady growth in the use of mobile payment services. China, who has lagged behind the United States in terms of mobile payments, has recorded a market size of 98.7 trillion Yuan in 2017. This amount is 80 times that of the total payment size of the United States. As this is an unforeseen success, it is important to take note of it. The Korean mobile payment service market has seen the emergence of new, fresh projects as it continues to grow. As a player in this environment, JPAY Platform utilizes blockchain technology to seek opportunities in Korea and abroad.
As I explained just now, a number of companies are inventing new ideas and services to operate in the mobile payment market. The Korean payment service market size was 11.8 trillion Won in 2016 and grew to 40 trillion Won in 2017. This, folks, is rapid growth, and we are expecting to see more of it in the future. Samsung Pay is leading the way with 10 million users and total transactions that amounted to 18 trillion Won as of 2018. As new as this field is, many interesting services have been launched. However, interoperability is currently impossible, and it seems like a small minority will dominate the market.
Despite the recent growth, if we stop at replacing the current credit card system, we don’t have much room for growth. Then what would excite the new market and its customers? Why don’t we talk about JPAY Platform.
A Payment Service Specialized for Micropayments and Profit Creation
JPAY Platform is a payment service built on blockchain technology. It solves the problems that are traditionally found in the payment industry. Before I tell you about the JPAY solution, let me briefly go over the concerns about cryptocurrencies. First, people are worried about price fluctuations, which discourage people from spending. Second, people believe that only the rich can invest in cryptocurrencies. In other words, it takes money to make money. JPAY has thought of a solution to these two critical beliefs. And thus, JPAY Silver was born. JPAY Silver is a cryptocurrency made for micropayments, and currently, you can mine JPAY Silver by playing J-Farm, a mobile game. Anyone can enjoy J-Farm and earn a profit at the same time. Therefore, JPAY Platform lets anyone earn money wherever they may be.
Then what about JPAY? JPAY’s greatest strength is that it is a “kind” cryptocurrency that allows people without money to earn money. It isn’t a coin that is useless in real life. Rather, JPAY is used in our daily lives, and this has change people’s perception of blockchain technology. In Korea, approximately 1,000 stores are accepting JPAY as a method of payment. Another strength of JPAY Platform is that it can be connected to various contents like J-Farm.
JPAY lives up to its reputation of “Korea’s cryptocurrency” with its technology and achievements. Whoever you may be, whether you are rich or poor, educated or uneducated, you can participate in the JPAY ecosystem. Unlike other existing platforms, which allow you to spend money you already possess, JPAY lets you earn money and spend your profit. JPAY will continue to develop as a useful crypto payment gateway.
※ For more information about JPAY Platform, please visit our website at https://jpayplatform.com/
