OKCoin's innovative OKLink superwallet leverages bitcoin technology to enable seamless cross-border and cross-currency transactions, positioning itself as a leader in blockchain-based financial solutions. Jack Liu, Head of International at OKCoin, highlights how this technology addresses critical market needs, particularly in China's dynamic digital economy.
The Evolution of Bitcoin Beyond Price Speculation
The 2013 bitcoin price crash proved to be a turning point for the industry, shifting focus from speculative trading to practical blockchain applications. Liu emphasizes:
- Venture capital flowing into infrastructure development
- Startups building complementary financial systems
- Growing institutional acceptance of blockchain technology
"Bitcoin is no longer just an alternative currency movement," Liu notes. "It's becoming an integral part of global finance through products like OKLink that bridge traditional and digital systems."
OKCoin's Global Expansion Strategy
Founded in 2013 with initial angel investment, OKCoin has grown into one of the world's largest digital currency exchanges:
| Key Facts | Details |
|---|---|
| Trading Volume | 20% of global daily bitcoin trading |
| Funding | $1M angel, $10M Series A (2014) |
| Market Focus | China (OKCoin.cn) & International (OKCoin.com) |
Liu describes OKCoin's evolution: "We're transitioning from a Chinese exchange to a truly international financial platform."
How the OKLink Superwallet Works
Launched in April 2015, OKLink represents a breakthrough in bitcoin-based financial services:
- User-Friendly Interface: Holds familiar currencies (USD, CNY) while processing transactions via bitcoin network
- Price Stability: Instant conversion eliminates bitcoin volatility exposure
- Universal Compatibility: Works across companies, borders, and currencies
👉 Discover how OKLink simplifies global payments
Real-World Application Example
Paul (USA) sends Tom (Canada) $100 USD:
- Paul's wallet converts USD to bitcoin
- Bitcoin transmits instantly via blockchain
- Tom receives funds as CAD through automatic conversion
This process works similarly for B2B, C2B, and B2C transactions with near-zero fees.
China's Dominance in Bitcoin Adoption
China represents a particularly promising market for transparent bitcoin applications due to:
- Market Leadership: 50% of global mining power, 60% of exchange volume
- Consumer Expectations: Demand for seamless payment experiences matching domestic platforms like WeChat Pay and Alipay
- Growing International Mobility: Chinese students and travelers needing efficient cross-border solutions
"This isn't just niche technology," Liu asserts. "It's solving real problems for millions of users."
Banking Sector Validation
The financial establishment is recognizing bitcoin's potential for fund transfers:
- Bank of America's cryptocurrency wire transfer patent mirrors OKLink's functionality
- Traditional institutions acknowledging blockchain's efficiency advantages
- Growing convergence between fintech and conventional banking
Yet as Liu points out, OKCoin's solutions already operationalize these concepts today rather than waiting for future implementation.
Frequently Asked Questions
How does OKLink differ from regular bitcoin wallets?
OKLink maintains account balances in stable fiat currencies while using bitcoin's blockchain invisibly for transaction processing, eliminating price volatility concerns.
What makes China such an important market for bitcoin applications?
China combines massive trading volume, advanced digital payment infrastructure, and growing international commerce—creating perfect conditions for blockchain payment solutions.
Can businesses use OKLink for international payments?
Absolutely. The platform supports all transaction types between consumers and businesses with the same efficiency as personal transfers.
👉 Explore OKLink's business solutions
The Future of Blockchain Payments
As Liu concludes, "Products like OKLink demonstrate bitcoin's true value lies not in speculation but in creating frictionless global value transfer." With China leading adoption and traditional finance taking notice, transparent blockchain applications are poised for mainstream acceptance.
Key advantages driving adoption:
- Cost Efficiency: Dramatically lower than traditional wire transfers
- Speed: Near-instant settlement versus days for conventional methods
- Accessibility: Available to anyone with internet access
- Transparency: Blockchain provides verifiable transaction records
This convergence of technological innovation and market demand suggests transparent bitcoin applications will continue growing as essential financial infrastructure worldwide.