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PayYoda: The New Turning Point of Payment Industry Digitization Arising in the Post-epidemic Era

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4 years ago

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Attack and defense conversion between danger and opportunity constitutes the theme of the third-party payment industry this year.

The stable acceptance environment becomes fragmented, the payment transaction flow is interrupted, and the paying agency service deployment undergoes the most difficult winter throughout history when just easing from the strict management window period due to the epidemic. After the restoration for more than half a year, the hidden opportunities in the crisis are also becoming clearer in the payment market, and the digital transformation of industry triggers the second-line growth curve of the payment industry to rise.

The rise of the cryptocurrency ecosystem and the rapid development of Blockchain technology stimulate the application innovation in various industries, too. Due to the enormous advantage in terms of data storage and information transmission, it is likely for the Blockchain to fundamentally change the operation mode of the existing e-payment field and even give rise to a new payment technology innovation and industrial transformation in the world.

From the perspective of PayYoda (as payment industry pioneer), the epidemic accelerates the digital transformation of entity merchants, and brings a new inflection point for third-party payment to break through the stock bottleneck. Nowadays, the payment market remains fully competitive, and the rate tends to stabilize under the dual control of regulation and market. In the post-epidemic era, the demand for digital transformation of business activities of merchants become the most urgent need now.

With commercial use of such technologies as big data, cloud computing and artificial intelligence, the technology permeating into the payment service is being accelerated. Driven by the digital technology and supported by the Blockchain technology, PayYoda creates a secure, transparent and professional decentralized payment application ecosystem, and breaks the information isolated island on the payment chain. Supported by the Blockchain technology, PayYoda will greatly lower the payment cost, reduce intermediate links and improve the circulation efficiency based on the technical advantages of Blockchain (such as distributed storage, publicity, justice, transparency, traceability and immutability).

Firstly, as for the payment security problem, PayYoda will construct the credit-driven ecosphere via credit scoring system. The PayYoda team has been rooted in the payment field for many years and found a variety of payment security accidents occurring to the online payment and offline payment (including merchant fraud, malicious user attack, phishing site and privacy disclosure). The PayYoda team deems how to create a safe payment environment is the high-priority task of all the payment networks.

The PayYoda ecosphere is credit-driven. To achieve the goal, related measures (including credit-driven ecology, merchant caution money, safety fund, privacy protection, credit score, and decentralized risk control anti-fraud) shall be taken.

Secondly, PayYoda achieves the low-cost and efficient operation by the decentralized operation support system. Operating a payment network involves a lot of operational work, including such links as merchant accessing to the network, merchant access support, merchant requirement customization, treatment of disputes, account checking/clearing/settlement, risk control anti-fraud and customer service. In case of failure in low-cost and efficient operation, the network cannot grow organically at scale. PayYoda fully unearths the power of Blockchain smart contract, promotes the decentralized and intelligent construction of the operation system with smart contract as the core, and encourages the ecosphere partners to participate in the operation support of PayYoda payment network by the economic interest based on the decentralized operation support system to finally achieve the goal of low-cost and efficient operation.

On the other hand, the PayYoda secure trading protection system designed based on concept of artificial intelligence integrates ten layers of fine filtering function based on data header and data content (including DOS defense, user authentication, application control, intrusion prevention, site classification and filtering, virus filtration, web application defense and data leak prevention), forms the integrated security defense system from the network layer to the application layer, and realizes the clean flow delivery on the basis of multi-core concurrent technology, integrated safety engine technology, zero-copy technique and other high performance architectures.On the basis of artificial intelligence, PayYoda provides such abilities as data analysis, knowledge extraction, independent study, intelligent decision and automatic control and can create the innovative applications in the fields of network information security (such as network protection, data management, message audit, intelligent security and financial risk control).

The PayYoda team believes that with the epidemic fades away, the transition, inflection point and opportunity relating to the industry development will also come into view accordingly. As for the payment industry, more and more industries and enterprises will accelerate and deepen the digitization process, bringing about great efficiency improvement and more market opportunities after the epidemic is over.

Of course, the opportunities always coexist with challenges. How to seize the opportunity and cultivate the core competitiveness is a challenge that every participant has to face. The PayYoda founder stressed “the digital transformation service market of enterprises is very large, and what shall be done firstly by the payment institutions is to continuously strengthen their ability to provide better industry solutions and service experiences other than beating the competitors.”

Wait and see what will happen in the future. Maybe more surprises are on the way.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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4 hours ago

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November 23, 2024

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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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Press Release

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

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4 hours ago

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November 23, 2024

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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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Press Release

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

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4 hours ago

on

November 23, 2024

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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

Cloud PR Wire

See author's posts

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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