Smile Shop (微笑商城) + Conflux + UnionPay International = BitUnion Prepaid Card

Recently, the BitUnion prepaid card launched in collaboration with Conflux at Smile Shop is very popular!

The following article will help you understand this powerful card comprehensively. To give you a global perspective, here is the article outline to prevent you from getting dizzy and lost.

[Overview]

Smile Shop has partnered with Conflux to launch the BitUnion prepaid card, starting the layout for global consumption payment of digital assets.

BitUnion is a UnionPay prepaid card based on the US dollar. Cardholders can recharge and use it for online shopping, POS machine card consumption, global ATM UnionPay cash withdrawal in 183 countries and regions worldwide; it can also be linked with commonly used third-party payment software such as Alipay, WeChat, etc. Regardless of offline or online payments, the settlement is based on the real-time exchange rate between the local currency and the US dollar.

[Security]

1. User data is saved and managed by professional institutions, secure and compliant;

2. Fiat assets exist within the UnionPay account system, absolutely safe and reliable;

3. Passed the most stringent and highest level of 3DS and PCI-DSS financial security certification in the payment card industry, ensuring payment security.

[Convenience]

1. Globally applicable (including mainland China), covering all online and offline payment scenarios;

2. One-step, instant conversion of crypto assets to fiat currency, fast and secure;

3. Smooth payment, supporting card consumption on POS machines, online shopping, and binding with third-party payment apps such as Cloud Flash Payment, Alipay, WeChat, etc.;

4. Convenient cash withdrawal, with the UnionPay International ATM network covering the globe, supporting cash withdrawal in global currencies (fees vary depending on the bank of the ATM).

[Transparency]

1. Zero management fee during the event, 2% recharge handling fee, real-time settlement of card swipe exchange rates;

2. Successful applicants will receive a non-transferable Verified Identity badge, verifiable on-chain, for future airdrops.

[Technical]

Conflux PayFi Stack

Conflux PayFi Stack

• Blockchain settlement layer: PayFi runs on a high-performance, highly secure blockchain, which is the advantage of Conflux Layer1, and will implement a TPS Boost aimed at PayFi to improve performance.

• Asset settlement layer: Collaborating with qualified issuers to explore the issuance of various assets, including offshore RMB, Hong Kong dollars, and US dollars, and developing native features for stablecoins.

• PayFi and DeFi protocols: By integrating decentralized financial services into daily consumption, PayFi shifts from earning income through deposits to paying for goods or services, further activating DeFi and driving new growth momentum.

• Entry Level: As a user interface, it will connect consumers and businesses through the payment wallet application and components, providing efficient and inclusive financial services.

[Similar Comparisons]

[Exchange Rate Standards]

[Frequently Asked Questions]

1. If BitUnion is lost or stolen, can I freeze or cancel it?

Yes.

If your BitUnion UnionPay card is lost or stolen, you can contact a sales officer or go to the official TG group for immediate assistance. After KYC verification by customer service, they will help you freeze or cancel it.

2. Is BitUnion a credit card?

No.

The BitUnion card is equivalent to a prepaid card and cannot be overdrawn.

You can recharge USDT from the Conflux eSpace network to the corresponding crypto account of your bank card and transfer it to the card for payment.

3. If my payment is refunded during consumption, what will happen?

Any form of refund will be immediately credited to your fund account in USD after we receive the refund from the international UnionPay.
For example, if your account is charged 100 USD for a qualifying purchase, and you subsequently request a full refund, the refund will be credited to your fund account in USD after deducting applicable fees.

4. How to check the BitUnion application progress? Complete card information? How to track my spending situation?

Log in to the BitUnion official website (https://www.bitunion.io) to check the current application status. The BitUnion team requires up to 7 working days to review your application, please be patient.

Click the upper right corner of the card to view detailed card information.

Enter your account to easily track your spending activities, conveniently view transaction history, and have full control over your spending situation.

5. How long does card review take?

Under normal circumstances, the review will be completed within 7 working days.

6. How long is the card mailing time?

We will mail the physical card to you via EMS, expected within 20 working days.

7. Is there a transfer limit?

Daily limit of 10,000 USD.

8. How long does it take for the recharge to arrive?

Under normal circumstances, recharge takes 5-10 minutes to arrive.

If your recharge has not arrived after 30 minutes, please contact the administrator in the TG community or contact the ABC community officer and provide your wallet address and transaction hash for further inquiry.

9. Does BitUnion have virtual cards? What are the benefits of physical cards compared to virtual cards?

Currently, BitUnion only provides physical cards.

The physical card does not require binding payment tools or scanning codes, supports 0 fee rate for card consumption on POS machines, applicable to more platforms, making consumption more flexible.

In addition, the physical card can also meet the ATM cash withdrawal needs of some users.

In the future, we may also launch virtual cards to provide users with more options.

10. What currencies and networks are supported for recharge?

Currently, only USDT recharge on the Conflux eSpace network is supported. Attempting to recharge other tokens or networks may result in unrecoverable risks, please do not attempt.

11. What if there is no gas during operation?

a. You can purchase CFX as gas on exchanges.
b. You can receive CFX as gas from faucets: https://conflux-faucets.com/

12. How to obtain USDT on Conflux eSpace?

Three cross-chain bridges:

a. Meson (https://meson.fi/)

b. Celer CBridge (https://cbridge.celer.network/)

c. 0g (https://portal.0g.ai/)

Among them, the rates for Meson cross-chain have now been reduced — the deposit is adjusted to 0.07%, and the withdrawal is 0.1%.

[Four Steps to Apply]

1. Green Quick Links:

https (there is a space before this bracket, delete it first when using): //app.bitunion.io/?channelCode=9k9wjrmz4j

Open the website, select 'Apply for Card', users aged 18 and above can do so.

2. Choose to log in with a Web3 wallet and authorize confirmation.

3. Submit KYC verification information, currently only supporting verification with Chinese passports, upload documents and sign to confirm commitment to anti-money laundering obligations.

4. Upload card opening/delivery address and pay a fee of 99 USDT (opening fee 59 USDT + fixed mailing fee of 40 USDT); review expected to be completed within 7 working days and card delivery within 20 working days.

Alright, congratulations on completing your application, wait for your beloved new card~~