• Part 1: Crypto Payments and Their Huge Potential

• Part 2: The Success of Uquid and the Similarities Between the Uquid-Fizen Business Models

• Part 3: Fizen’s Tokenomics and Token Utility

• Part 4: Fizen’s Potential to Outperform Competitors

According to a 2024 Triple-A report, around 6.8% of the world's population are crypto users, translating to more than 560 million people. Furthermore, the crypto industry has a compound annual growth rate (CAGR) of 99%. This is relatively high compared to the growth rates of traditional payment methods, which averaged 8% from 2018 to 2023.

Crypto payments are also speculated to increase. Subsequent data from the report shows predictions of crypto payment gateways rising by 14% till 2033. Platforms like Uquid and Fizen are already positioned to adapt to changing dynamics. However, Fizen brings a more disruptive and innovative spirit to crypto users.

Market Overview of the Crypto Payment Sector

From the Triple-A report,  over 85% of US merchants consider enabling cryptocurrency payments a high priority. Indeed, this is because of the numerous benefits crypto-friendly businesses gain. Merchants who support cryptocurrency payments saw an average ROI of 327%.

A verified survey shows that 65% of customers are likely to purchase from a crypto-friendly business. Also, 43% said they would spend more money online if cryptocurrencies were accepted. Cryptocurrencies are becoming pivotal in e-commerce. However, this also applied to remittances.

Remittances

Digital cross-border remittances are speculated to grow from $295 billion in 2021 to $428 billion in 2025. Moreover, 15.8% of remitters are now utilizing cryptocurrencies for money transfers. The increase in remittances with crypto is due to its speed and scalability. Remittances made with crypto are 388 times faster and 127 times cheaper than traditional methods.

Gaming

The gaming sector is not left out in crypto payments. The Gaming Market attained and surpassed $222 billion in 2022. Nevertheless, projections from Triple-A are that the value will reach over $340 billion by 2027. Since 2021, 25.1% of cryptocurrency owners have used cryptocurrency to make purchases for online gaming and gambling. Moreover, 48.6% of crypto owners consider spending more on gaming and gambling in the future.

Travel and Retail

70% of respondents from a Triple-A survey say they are interested in making payments with crypto for traveling. Another 80% say they would prefer to make payments with crypto for retail products.

The data from diverse sectors indicates that crypto payments are gaining wide acceptance. Subsequently, platforms like Uquid and Fizen.io stand a chance in the market. Uquid already has a reputation as a pioneer, but Fizen is more positioned to revolutionize the crypto payment sector.

Uquid vs Fizen - Business Model

Established in 2016, Uquid claims to be the world's first smart shopping platform in Web3. With over 160 million products available, Uquid is a web-based e-commerce platform that supports crypto payments and gift cards. According to their website, their services are available in over 200 countries.

Customers can make bill payments and other financial transactions, creating real value for users and businesses on the platform. They can decide to pay with either fiat or crypto. The NFTD supermarket offers free NFT minting and trading. Also, their OMGFIN exchange allows customers to buy and sell crypto.

The 2.5 million registered users on the platform also get to access the Buy Now and Pay Later with Uquid. This interest-free loan lets customers split their basket into three payments. Moreover, numerous rewards and incentives drive over 50 million monthly traffic to the platform.

Fizen.io - The Crypto Super App Bringing Innovation and Revolution to Crypto Payments

Fizen provides a mobile app-based platform, integrating different solutions, such as the Fizen Super App, Fizen Pay - Crypto Payment Gateway for Business, and Fizen Ramp​​​​ - Buy/Sell Crypto with fiat money. Offering its services in over 178 countries, Fizen creates an ecosystem where businesses can connect with customers.

Fizen can make crypto payments for over 3 million products and services. Businesses can also expand to a global audience by integrating their crypto payment gateway.

For users:

• They can buy and sell crypto using bank transfers or credit cards. Scanning and purchasing items with QR codes helps integrate crypto into their daily lifestyle. For instance, after purchasing from a shopping mall, they can utilize the Fizen QR code to checkout. Also, they can quickly pay for a cup of coffee or food at a restaurant just by scanning the QR code in the Fizen app to make a payment.

• Fizen allows users to make cross-border payments and transfers faster and with lower fees than traditional methods.

• With over 40+ supported blockchain networks, Fizen allows for easy management of cryptocurrencies, NFTs, and other digital assets.

• Booking of hotels, mobile top-ups, airlines, electricity bills, and e-Sims are some services users get access to. There are over 2.5 million hotels, 4,000+ gift card brands, 200+ airlines, and the e-sim in over 178 countries.

• Fizen partners with many DeFi protocols allowing users exposure to more decentralized financial services via staking, savings, and soon lending and borrowing on the Fizen Super App.

  Check out the comprehensive solution of Fizen at:

Tokenomics

The Uquid Coin (UQC) has become an integral part of Uquid’s ecosystem. Users can stake, pay, and earn rewards with UQC. It is an ERC20 Token that supplements the growth of the Uquid ecosystem. The token was listed in December 2017, and its all-time high price ($33.71) was about 112,366.67% greater than its ICO price of $0.03.

According to CoinMarketCap data, UQC is up by more than 90% over the past year. Moreover, there's an increase in market valuation, from $37 million on August 1st, 2023, to $69 million on July 30th, 2024. With a total supply of 40,000,000 UQC, it has a Full Diluted Valuation (FDV) of $279 million.

The Fizen Token ($FIZEN) Tokenomics and Utilities

The Fizen Token (FIZEN) is slated to launch within 2024. This token's Full Diluted Valuation (FDV) will be $15 million at launch. Fizen will issue a limited total of 100,000,000 tokens.

33.50% of the $FIZEN distribution goes to investors, which is relatively high compared to other projects. For instance, Wirex Token (WXT) only has a 9% reservation for investors. $FIZEN reservation for investors includes a vesting period of 2 years, long enough to ensure commitment to the project.

Fizen reports that $FIZEN will be the lifeline of their ecosystem. Hence, $FIZEN will have many functions, including:

• $FIZEN will be used to pay commissions on the platform and reward users.

• $FIZEN will also serve as a payment option for gas fees and the goods and services on the platform.

• $FIZEN savings will also be a thing. Fizen shows users can earn up to 8% interest annually when they save with their native token.

• With $FIZEN, users will get membership benefits, such as huge discounts, early access, and exclusive services. Participation in decision-making, gifts for holidays/birthdays, and reduced shipping fees are added benefits.

Evaluating Fizen's Potential for Success

Uquid and Fizen have a successful business model. One whose revenue comes from transaction and service fees, creating a healthy cash flow. Nevertheless, Fizen has shown more potential than Uquid in so many ways, including:

Comprehensive Crypto Payment Ecosystem

Uquid is a pioneer in crypto payment and has shown that blockchain technology has an actual use case. However, Fizen has a more comprehensive crypto-payment ecosystem. It has a well-organized ecosystem compared to Uquid.

First, there's the Fizen Ramp for users to buy and sell cryptocurrencies. There's also Fizen Pay, which allows merchants to receive crypto payments from users. Finally, there's the Fizen Super App, a connector between users and businesses.

Fizen partners with other Web3 projects to enable crypto payments for their tokens. Some of these projects include Bitcoin.com, Funtoken, and soon, Monad and Berachain. The integration of these platforms increases token utility and token holders’ loyalty.

Fizen Is More Convenient Than Uquid

Uquid is web-based. Users must download browsers or open their laptops to use their services. This is highly inconvenient for users, especially for shoppers, travelers, and digital nomads.

Conversely, Fizen integrates itself into users' lives with its mobile application. It offers the best solution to accessing gift cards and purchasing goods and services more conveniently. Digital nomads and travelers won't worry about cash exchange while moving with crypto.

Tokenomics

$FIZEN has room for growth compared to the Uquid Coin (UQC). Although $UQC is currently having an FDV 16.7x higher than $FIZEN, the latter is yet to be listed.

Strong Community

Fizen has a strong community spread across Telegram and Discord. Despite having fewer followers on X (formerly Twitter), Fizen receives more engagement than Uquid. This is primarily because of the community engagement activities on their social media platforms.

Fizen will issue many NFT collections to benefit loyal users.

Partnerships

Uquid has partnerships with brands like Binance and Tether. Nevertheless, Fizen, still new to the market, is already building solid partnerships with big brands. Binance Gift Card, TON, Tether, Monad, Berachain are some of their partnerships.

Focus on Web3

When Uquid set out in 2016, the plan was to develop an outstanding Web3 shopping infrastructure. In 2024, there's a slight deviation from that plan. Connecting e-commerce, metaverse, and NFT are the new objectives for Uquid.

Unlike Uquid, Fizen focuses on only 1 thing; to make crypto payment easier for mass users. It aims to develop a platform that onboards Web2 users to Web3. It creates a bridge that connects traditional finance systems with crypto.

Conclusion

Uquid already demonstrates that crypto payment has become a transformative use case of blockchain technology. Its successful business model is evident. Uquid proves that a crypto company can sustain itself with real profit from a correct business model. This differs from many Web3 projects, as it relies on users' engagement and investment for revenue. However, Fizen, a newcomer in the sector, has more potential to grow into one of the world's biggest crypto payment platforms.

6.8% of the world's population (560 million) already uses crypto. Nevertheless, Fizen's type and manner of services make it stand out for many reasons.

It has a comprehensive crypto payment ecosystem consisting of the Fizen Ramp, Fizen Pay, and Fizen Super App. Furthermore, unlike Uquid's web-based access, its mobile application guarantees users convenience.

The $FIZEN token also has more potential than $UQC. The FDV of $FIZEN will start at $15 million. On the other hand, $UQC's FDV is already stable at $250 million, with its highest at $1.32 billion. Still, $FIZEN could go a minimum of 16.7 times to 88 times from its listing price.

Regarding community support, Fizen also surpasses Uquid. Their Telegram, Discord, and X communities create more engagement and interaction than Uquid's. Moreover, partnerships from Binance Gift Card, Bitcoin.com, KyberSwap, TON, and Tether boost the success rate of this platform. Fizen is safe and convenient for users and provides an ideal environment for investors and businesses to thrive and expand.

• Download Fizen Super App at: https://fizen.io/download

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