What is QbitPay? QbitPay Review

Basic Introduction

QbitPay currently has offices in Hangzhou, China, Hong Kong, China, San Fransisco, USA, and Singapore. QbitPay is a financial technology company that uses the most cutting-edge blockchain technology to provide one-stop cross-border payment services to enterprises. Its core product QbitPay is a global cross-border payment and collection integrated platform. Its main business covers the payment (pay-in), foreign exchange (FX) and payment (pay-out) links in cross-border transactions, providing end-to-end solutions. Most of the QbitPay team members graduated from prestigious American universities, such as Stanford University, and have many years of work experience in Silicon Valley technology companies and large domestic Internet companies. The Pre-A round of financing has received tens of millions of dollars, and is committed to providing more efficient, safer and more compliant full-link services for cross-border enterprises.

QbitPay is a global cross-border payment and collection integrated platform. It mainly provides overseas funds safe return to China, foreign exchange settlement and cash withdrawal business, and is a formal and transparent platform. The office is located in T2, Raffles Square, Jianggan District, Hangzhou.

Founder Introduction

Wu Yujun, CEO, serial entrepreneur, Forbes China 30 Under 30, participated in the establishment of several companies with a valuation of over 100 million. He was an early employee of a technology company acquired by Google for $550 million. After joining Google, he was responsible for the Nest online store and payment system. Master of Stanford, double bachelor's degree from Shanghai Jiaotong University and Purdue University. He began to pay attention to blockchain technology in 2013 and conceived the integration of blockchain technology and the financial field.

Business Introduction

Cross-border payment service---QbitPay's cross-border payment service was officially launched in August 2019. After the user passes the official application review of the product and the compliance review, the user can receive foreign currency payments through the QbitPay platform. The product supports convenient and fast payment collection from multiple mainstream e-commerce platforms and banks in more than 130 countries. Payments from different channels can be concentrated in the secure wallet generated by QbitPay for users, which is convenient for users to manage funds in a unified manner. After the funds are received in the wallet, users can easily withdraw money from various countries to the user's bound account by simply withdrawing cash.

Cross-border currency exchange business---The currency exchange business is launched together with the payment business. After the user's payment enters the QbitPay wallet, the user can choose to exchange the US dollars in his wallet into other currencies according to his needs.

Cross-border payment service--- users can pay funds to their suppliers in batches through the QbitPay wallet, making it convenient for users to efficiently complete the cross-border payment needs of suppliers.

Qbitpay product advantages:

① Earn exchange rate by settling foreign exchange, and withdraw cash at 0 fee.

② Support overseas user bank transfers, Shopify, PayPal, Stripe, Payoneer, Amazon, Ebay multi-platform payment,

③ New users can receive a $60 cash bonus. The more cash you withdraw, the more bonuses you can get: $688, $1888, $2888.

④ Provide 3-4 preferential card services per month, with an exchange rate higher than the foreign exchange rate.

For details, please consult the moderator or official website customer service

Enterprise Qualification

Currently, the project team was initiated from the United States and has U.S. licenses and regulatory agencies. Due to the impact of the epidemic, the Hong Kong license will be obtained in the near future.

Development History

In January 2019, the QbitPay team began to form.

In February 2019, we prepared documents for establishing a US company and applying for financial licenses.

In April 2019, QbitPay USA was established.

In May 2019, QbitPay merchant backend was officially launched.

In July 2019, QbitPay obtained the US financial currency payment qualification.

In August 2019, QbitPay's cross-border payment service was officially launched.

As of December 2019, QbitPay merchant backend has successfully served more than 100 merchants.

In February 2020, QbitPay officially announced that it had received tens of millions of yuan in Pre-A round of financing from a well-known investment institution in the industry.

In March 2020, QbitPay began to prepare for the development of European and African businesses.

References

• 1. White Whale Going Out to Sea: Enterprise Certification
• 2. Advertising Alliance: Enterprise Services