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An Interview with Raymond Qu: How PolyFlow Enables PayFi

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The 2008 Bitcoin Whitepaper painted a vision of a peer-to-peer electronic cash system without the need for a trusted third party. Payments were the original promise. However, today’s infrastructure focuses on the trading instead of supporting real-time payments at scale. So what kind of infrastructure can support payments? What role can PayFi play?

In the interview with Raymond Qu, co-founder of PolyFlow, to obtain answers from a seasoned veteran in this space.

Raymond has over two decades of international finance experience. He founded Geoswift, a comprehensive global financial service company. He is also a prominent investor in the global digital finance space with a profound understanding of blockchain technology from a global perspective.

I. The Genesis of PolyFlow

PolyFlow rose from the core concepts of financial transactions: Information Flow and Fund Flow. As the first PayFi, PolyFlow creates a decentralized infrastructure integrating traditional payments, blockchain-based payments, and DeFi. It ensures regulatory compliance, mitigates custodial risks, and connects DeFi ecosystems, promoting efficiency and freedom of value movement. PolyFlow aims to establish a new financial paradigm and industry standard.

II. PID & PLP enables PayFi

PolyFlow introduces two key products: Payment ID (PID) and Payment Liquidity Pool (PLP). Together, PolyFlow creates a compliant, safe, DeFi-compatible business framework for the circulation, custody, and issuance of digital assets.

As Raymond explains, “A PID is more like a wallet that we carry around. Imagine the wallet in our pocket that contains not only cash. It also might hold a family photo (NFT), a bank card (wallet address), an ID (user ZK-enabled information extraction, data privacy protection), and so on… There is much more to be expected from PID. The current Scan to Earn project built around PID is one of them.”

As for PLP, the purpose is to consolidate fund flows, solving unaddressed issues. Raymond elaborated on three settlement modes to illustrate how PolyFlow helps.

Peer-to-Peer Mode

Raymond explained, “The current technology cannot handle transaction-by-transaction accounting. In traditional finance, the ledger is only between the two counterparties, but in blockchain networks, every transaction needs to be recorded by the entire network.”

So how do we build a new settlement model for blockchain-based payments? Raymond stated, “Our original answer was to trust in technological progress. With increased computing power, payment efficiency will eventually catch up. But we cannot rely on future technology to solve today’s problems. We need to address the issue by solving it at the core-by building consensus around fund flows.”

Net Settlement Mode

Raymond clarified, “In this scenario, the actual movement of underlying funds is minimal. What is happening is the continuous exchange of information..”

Net settlement can significantly reduce transaction costs, improve efficiency, reduce counterparty risk, and enhance capital utilization. However, this model requires a centralized trust system with the risks of custodianship and lack of transparency.

To replicate this efficient method of net settlement in blockchain while removing the risks, PolyFlow developed PLP to pool funds on a unified blockchain ledger. The goal is to allow participants to cooperate and verify each transaction’s authenticity without implicit trust in the counterparty.

PayFi Mode

Once consensus is reached around fund flows on the blockchain ledger, we can fully embrace PayFi. With the trust issue resolved, parties can move from daily net settlement to simply paying each other overnight interest for the use of funds. This mode further enhances liquidity.

In the PayFi mode, capital efficiency reaches a new height. Since all parties’ ledgers are unified on the blockchain, it allows real-time verification of transaction details, addressing any funding gaps.

III. PayFi’s Value and Significance

Ever since Lily Liu, President of the Solana Foundation, introduced the PayFi concept at the Hong Kong Web3 Carnival, PolyFlow has been recognized as one of the first protocols designed to build PayFi’s financial infrastructure.

When talking about PayFi, Raymond has a deeper understanding: “What PayFi solves is not the problems that blockchain-based payment needs to solve on the surface. It needs to solve the most fundamental problem at the moment: effectively separating the information flow of the transaction from the fund flow, so that we can form a unified ledger of the flow of funds on the blockchain. Reach consensus for flow of funds on this unified ledger and enhance the efficiency of the entire Web3 industry, to promote real mass adoption.”

Contact Email: kim@polyflow.tech

Name: Kim Shera

City: Vancouver, Canada

Website: https://polyflow.tech/

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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