Paycoin Listed on Uzbekistan's Top Exchange UZNEX... "Full-Scale Entry into Central Asian Market"

PayProtocol AG announced on April 24 that it has officially listed Paycoin (PCI) on UZNEX, the largest virtual asset exchange in Uzbekistan, and will begin building local virtual asset payment infrastructure.

PayProtocol AG explained that this listing is a strategic move to expand its global financial network, and that Paycoin services will be extended throughout Central Asia in the future.

UZNEX is the first virtual asset exchange officially licensed by the Uzbek government and is the only financial institution in the country where transactions can be made using the local fiat currency, the Uzbekistani som (UZS). In addition to virtual asset trading, UZNEX supports various financial services such as linking the som with global currencies and crypto card payments. As a result, Paycoin (PCI) is expected to rapidly strengthen its presence in the local market.

In addition, PayProtocol AG plans to collaborate with Okto Bank, a local commercial bank that has a strategic partnership with UZNEX, to provide the issuance and payment services of the 'Paycoin Crypto Mastercard.' The Paycoin Crypto Card, which will be issued first in Europe on April 30, is an innovative financial solution designed to enable the use of virtual assets in everyday life and can be used anywhere in the world through the Mastercard global network.

In particular, the crypto card service is expected to contribute to expanding financial inclusion in Central Asia in the future, as it offers significant value as a payment method in countries with low financial accessibility.

A PayProtocol representative stated, "Uzbekistan ranks first in the virtual asset adoption index in Central Asia and the Caucasus, and 33rd globally, making it a country that is highly active in the industry, with a systematic regulatory environment and institutional support. The UZNEX listing and the launch of the crypto card will serve as a turning point for the global popularization of Paycoin and the expansion of the digital financial ecosystem."