1/ To fully understand the Jupiter Card, you first need to understand global payment systems. First, QR payments are incredibly common in the APAC region (China, Indonesia, and the Philippines). From street food stalls to convenience stores, a QR code is all you need. Conversely, in Western countries, including Korea, while QR payments are available in some places, most people use cards (Samsung/Apple Pay). QR payments are said to be advantageous for merchants because they have virtually no fees and immediate settlement. So why do most Western countries use cards? The reason is simple. APAC countries haven't built the decades-long card terminal infrastructure that the West has. With the popularization of smartphones, they quickly transitioned to QR. 2/ On the other hand, the situation is different in the US and Europe. Visa and Mastercard networks are already fully established. While fees are 2-3%, hundreds of millions of POS terminals have been installed, and the banking and card company ecosystems are intertwined. As a result, even with zero fees and slow settlement, introducing a new QR payment infrastructure requires enormous replacement costs and central bank approval. This results in the inertia of "Why fix something that works?" APAC countries have made the optimal choice from scratch, while the West is already tied to legacy systems. 3/ This is where Jupiter Global comes in. Jupiter Global is an on-chain payment OS that covers all three payment rails: - Card Rail: Payments at Visa/MasterCard merchants worldwide with a virtual USDC card - Bank Rail: USD/GBP/EUR virtual accounts for SWIFT remittances to over 200 countries and local withdrawals - QR Rail: ScanPay, a 0% fee service directly connected to local PSPs in APAC The biggest differentiator is hyper-localization. While other neobanks rely solely on global Visa/MasterCard, Jupiter is directly integrated into local networks. 4/ Jupiter Global's fee structure is key. - QR Pay: 0% fees - Onramp/Offramp: 0% fees - Non-USD card payments: 1.0-1.8% FX for Visa + Coming soon(?): Up to 10% USDC cashback (x.com/i/status/202618977450849...…) (For reference, other competitors offer the following.) 1. http:/Crypto.com Visa Card has up to 2.99% onramp/offramp fees and up to 5% cashback, but requires large CRO staking. An additional 1-2% fee is also charged for ATM withdrawals. 2. Bybit Card boasts up to 10% cashback, but this is based on VIP trading volume. There's also a 0.9% conversion fee and a 0.5% FX fee. This structure only benefits high-value traders. 3. Coinbase Card offers up to 4% cashback, but has strict asset holding requirements and conversion fees. 1-2%. 4. Binance Visa offers up to 2% cashback depending on transaction volume, but its custodial structure carries significant risks. 5. Revolut Crypto offers decent FX rates of 0.5-1%, but its cashback is only 0-1% and is not exclusive to crypto. 5/ Jupiter's global fee structure is possible due to the cost efficiency of blockchain finance and Jupiter's vertically integrated DeFi structure. With existing credit cards, 2-3% fees are deducted at multiple layers as money moves from bank to card company to interchange to network to issuer to user. In contrast, Jupiter uses DeFi protocols like Jup USD and Jup Lend to operate directly in the backend. The cost of depositing, lending, and trading assets on-chain is much lower than cashing out or international settlement. In other words, the profit pie previously taken by card companies is reclaimed through blockchain efficiency and returned to users as 0% fees + 10% cashback. Assets earn interest on Jup Lend and are used on cards. Profits are distributed directly to users as cashback. 6/ Now, when traveling to Indonesia, you can pay with QR codes at Jakarta's Nasi Goreng alley restaurants with zero fees, without exchanging currency. Following this, you can use your Jupiter card at shopping malls with just a 1.5% fee, earning up to 10% USDC cashback. Coinpan, their own casino world, their own technology... It seems the day when these technologies will be used in real life is not far off. People are using it for fun, not knowing it's because of blockchain technology.