UPCX becomes the sponsor of the 2025 Tokyo E-Prix, explaining the potential of next-generation Settlement and Fanlink.

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## Sponsorship Agreement for 2025 Tokyo E-Prix

UPCX-Platforms Pte. Ltd. announced a sponsorship agreement for the world's premier electric vehicle race, the "2025 Tokyo E-Prix," on May 16. At the same time, a briefing on its unique blockchain platform "UPCX" and fan support service "Fanlink" was held.

UPCX aims to solve the challenges of traditional payment systems and establish a global payment infrastructure. At the press conference, CEO Makoto Nakano explained the features of the technology and future developments.

Speaker

  • Makoto Nakano: CEO of UPCX
  • Mr. Magi: Model
  • Genki Iwahashi: Artist
  • Mr. Kunikawa Hassen Host

The innovation of UPCX, which advocates for "world standard payments"

UPCX CEO Makoto Nakano

Mr. Nakano began by introducing the name UPCX as "Universal Payment Coordinate" and explained that it was named after Coordinated Universal Time (UTC). It aims for international adoption as a blockchain platform specialized in finance.

A next-generation payment system realized with 10 unique features.

UPCX has 10 features that set it apart from other blockchain platforms. Mr. Nakano specifically introduced the following 4 in detail:

  • Email Account Function: Instead of the traditional random alphanumeric transfer addresses, you can set an email address, phone number, or any arbitrary string.
  • Transferring funds between different currencies: Send money using the currency UPC issued by UPCX, and the receiving party can receive it in their desired currency, such as Euro or US Dollar.
  • QR Code Request: In addition to remittances, it is also possible to request payment by having the other party scan a QR code.
  • Global Direct Debit: Even without a bank account or credit card, you can utilize functions similar to direct debit with the UPCX app and your smartphone (availability may vary by region).

In addition, we are developing touch payment using NFC, escrow (third-party deposit to ensure transaction security), interoperability with other chains such as Bitcoin, hardware wallets, the issuance of digital tickets with tamper-proofing through blockchain, and post-quantum resistant cryptography.

Mr. Nakano emphasized the technological capabilities by stating, "UPCX has a processing capacity of 100,000 transactions per second, aiming for 1 million in the future." However, the timeline for achieving 1 million transactions and the specific plans remain a challenge for the future.

A new platform that connects creators and fans directly

UPCX plans to launch a new product called "Fanlink" in addition to its financial platform. This service allows fans to directly support artists and athletes, ensuring high transparency by eliminating intermediaries. Unlike traditional tipping services, it enables secure and transparent transactions by establishing contracts on the blockchain.

Mr. Nakano said, "For example, if a fan requests an artist to create a voice for an alarm clock that includes their mother's name, and an agreement is established on the blockchain, the contract will be executed. This kind of personalized support holds the potential to build a new relationship between fans and artists."

Finally, Mr. Nakano expressed his vision by stating, "Fanlink aims to be a platform that directly connects fans and celebrities, with the goal of expanding globally in the future."

The potential of UPCX and Fanlink

Left model Mr. Maggie | Right artist Mr. Genki Iwahashi

Model Maggie and artist Genki Iwahashi took the stage at the press conference to discuss the potential of UPCX and Fanlink.

Mr. Maggie expressed his expectations by saying, "I was able to understand the potential of UPCX and how it can be utilized in daily life. I am looking forward to it becoming a service that can be easily used globally." Mr. Maggie also inquired about the processing speed and track record of UPCX, showing his interest.

Mr. Iwahashi stated, "I believe Fanlink is the best platform for fans and artists to create genuine connections through tipping." He also addressed the "differences from traditional tipping services," noting the high level of transparency, saying, "Unlike traditional services, it allows fans to send funds directly to those they want to support without intermediaries."

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LookingUpToGodForThvip
· 05-18 04:00
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