Smile Shop Joins Conflux PayFi Ecosystem with BitUnion Prepaid Card

Smile Shop, the premier Asian e-commerce platform, has partnered with Conflux Network, China's only regulatory-compliant public blockchain, to launch the BitUnion prepaid card.

E-commerce platform Smile Shop has joined the Conflux PayFi ecosystem with the launch of the BitUnion prepaid card.

The card is part of the UnionPay International USD prepaid card framework, which enables the card to be used in 183 countries and regions. Users can load funds onto the card to make online purchases, use it at point-of-sale machines, or withdraw cash from UnionPay ATMs.

The card can also be linked with popular third-party payment platforms like Alipay and WeChat Pay. Transactions are settled at real-time exchange rates between local currencies and USD.

The prepaid card will support digital asset transactions and transfers within the Conflux Network, leveraging the blockchain-based PayFi system to overcome limitations in traditional payment infrastructure.

Conflux’s PayFi (Pay Finance) aims to integrate traditional payment models into blockchain, creating a more efficient value network.

Conflux Foundation has allocated 500 million CFX from the ecosystem fund to support the growth of PayFi stack components.

Smile Shop is a super e-commerce platform targeting Southeast Asian markets. It aims to become the region's most trusted fintech super e-commerce platform.

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It boasts a high-performance, fast, secure, and scalable blockchain network.

As the leading regulatory-compliant public blockchain in China, Conflux offers a unique advantage for projects entering the Asian market.

Conflux has partnered with global brands and government entities, including Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo, to drive blockchain and metaverse initiatives.