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HUPAYX to launch its new testnet TAYCAN

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Korea’s blockchain payment platform HUPAYX  is launching its new testnet Taycan on March 14, 2022. Taycan testnet will be a crucial part of the foundation for NFT and DeFi services which are becoming ever so popular. The company aims to launch its mainnet and begin services within 2022.

HUPAYX is an open payment project for a wide range of individuals and organizations. HUPAYX aims to enable its users to freely use cryptocurrencies for payment while integrating existing fiat-currency-based payment services, meaning its users can pay for goods and services with either cryptocurrency, credit cards, checking accounts, or any of them in conjunction both on and off-line.

Taycan testnet is a trial version of the official platform on which developers or service providers can experience what will be coming. HUPAYX explains that The TAYCAN testnet fully supports EVM, therefore addressing the scalability limitation of Ethereum layer 1 by POA consensus algorithms. In addition, the settlement processing speed and stability are also significantly improved than its soon-to-be outgoing predecessor. Thanks to Taycan’s scalability and smart-app enabling features, HUPAYX expects its ecosystem to flourish, facilitating births of a wide range of services, including NFT and DeFi, which are expected to launch within the second quarter, the year 2022.

HUPAYX is also distributing Taycan Egg NFT in limited quantities to celebrate the launch of the Taycan Testnet, and its advocates are tuning in to find out how the HUPAYX’s first NFT release will play the future role for the company’s venture. 

In the meanwhile, the DeFi sector, according to a report by Bank of America, witnessed a monumental growth in market cap, from $700 million in 2019 to $260 billion by the end of 2021. Experts at Statista Jeffrey Investment Bank believe that the global NFT market is also expected to grow rapidly, from $14 billion in 2021 to $80 billion in 2025. Tech firms around the globe are naturally attracted to the related fields of services, and HUPAYX is no exception, paying close attention to the high growth potential of the market. 

Potential investors and users can follow @hupayx on Twitter for more news and information regarding its Q2 2022 release of new services. HUPAYX’s development updates and roadmap can be seen on https://www.hupayx.com/

 

Disclaimer: This is a paid post and should not be treated as news/advice.

 

 

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Jacob is a sponsored content writer at AMBcrypto whose interest lies in blockchain technology and its impact on the changing global economy.
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