The China’s first cross-border bitcoin payment company GemPay established a strategic cooperation relations with digital currency crowd-funding trading platform yuanbao.com on 20 January, 2015. The both parties will conduct in-depth cooperation in several aspects such as cross-border payment， YBC promotion, project-based crowd-funding and new coins R&D.
YBC will be included in GemPay’s payment system, and all merchants partnered with GemPay are able to use YBC as a payment methods. In addition, GemPay will launch mobile wallet recently.
Introduction of YBC
YBCoin (YBC) is a virtual digital currency like Bitcoin developed in 2013 by Tsinghua University research team, at present, the circulation amount of YBC is 3 million. In addition, YBC is issued in the form of advanced POS, therefore, it enjoys a higher level of security and a better market stability.