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Hug Coin emerges as an alternative to overseas remittance and currency exchange services

Overseas remittance and currency exchange services are one of the oldest financial services, and their scale is steadily increasing every year. In particular, recently, individuals, not corporations, frequently use overseas remittance and currency exchange services for various reasons such as overseas stock investment, study abroad, and travel.

For both services, banks around the world have established their own processes, but most of the procedures are very complicated and inconvenient. So, the use of cryptocurrencies to simplify this is increasing.

Cryptocurrency has decentralized characteristics, so you can use overseas remittance and currency exchange services without going through complicated procedures. In addition, since it is a distributed ledger system, transparent management is possible. However, cryptocurrency has a problem that there is a high risk of losing money during the exchange process due to its high volatility.

Hug Coin developed Payment Protocol 2.0 to solve these problems. The payment protocol can integrate online, offline and on-chain networks, and since it is based on blockchain, it can also introduce cryptocurrency payments.

The volatility of cryptocurrency, which is currently a problem, can be easily solved by using Hug Coin’s point conversion method. Hug Coin is emerging as a new wave in the payment market as well as overseas remittance and currency exchange services.

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