Mobile Payments and Real-World Applications

YU Token provides a mobile-friendly blockchain payment environment, enabling seamless smartphone transactions and maximizing real-world usability.

1) The Growing Need for Mobile Payment Systems

• The global adoption of mobile payments is increasing.

• Blockchain payments need to be simple and intuitive for everyday consumers, requiring mobile-optimized solutions.

• Simple transactions enabled via QR code scanning using smartphone cameras.

2) YU Token’s Mobile Payment Methods

• QR Code Payments: Scanning a QR code at a store automatically activates the payment window.

• NFC (Near Field Communication) Payments: Users can complete transactions by tapping their smartphone on POS devices.

• P2P (Peer-to-Peer) Transactions: Users can send YU Tokens directly via mobile instant transfer functionality.

3) Real-World Use Cases

• Public Transportation Payments: Users can pay for buses and subways with YU Token.

• Payment for Public Facility Usage: Users can pay for access to gyms, libraries, and parking lots with YU Token.

• Digital Content Payments: YU Token can be used for in-app purchases, gaming items, and online course fees.

4) Key Differences from Traditional Mobile Payment Systems

Feature	Traditional Mobile Payments	YU Token Mobile Payments
Transaction Speed	Requires bank or card issuer approval (takes seconds to minutes)	Instant transactions via Smart Contracts (1–2 seconds)
Transaction Fees	2–5% (credit card processing fees)	Less than 0.1% (exchange-level fees)
Security	Risk of centralized server hacks	Immutable blockchain-based transaction records
International Payments	Exchange rate fees and cross-border transaction charges	Real-time P2P transactions on the network