Ubcoin Market to Enable Mass Consumer Investment in Cryptocurrency
Ubcoin Marketplace - the next leap forward for Ubank, leading mobile payments app in Eastern Europe. Now with Ethereum blockchain, exchange-traded UBC cryptocurrency, and peer-to-peer smart contracts for buying goods for cryptocurrency. Ubcoin Market will become part of Ubank app as a new feature.
The Ubcoin project is launched by the team of the existing Ubank company. Ubank on this day, has more than 2.5 million active users. Contracts were concluded with such huge corporations as SAMSUNG and FLY, that the Ubank application will be installed by default on every second phone released by these brands. To date, more than 16 million downloads of the Ubank application have been, more than 2.5 million, active users, the application is visited by more than 200 thousand people a day, more than 20 million transactions per year are held in Ubank.
- Many people want a simple and safe way to obtain a stake in cryptocurrency, but do not know how. They are not miners, not speculators, just individuals who see added value in investing in cryptocurrency. The number of cryptocurrency owners is projected to increase from a current 22 million to over 200 million by 2020.
- Yet these same people are very comfortable with buying and selling on Ebay, Amazon, WeChat, Etsy, Taobao and the like. In 2016, marketplaces accounted for 44% of the world’s $2.44 trillion spent online in 2016.
- Cryptocurrency wallets are primarily concentrated on mobile devices, with over 65% of wallets being mobile. Global smartphone penetration is projected to reach 37% by 2020.
- Global population of digital buyers will surpass 2 billion people by 2020.
Ubcoin Marketplace is a global mobile market to buy and sell goods in the world of cryptocurrency.
The basis for the Ubcoin Marketplace - smart contracts Ethereum Blockchain, which provide proper protection of transactions, their speed and security of conduct. In addition, it is the blockade that acts as a guarantor of the reliability of cooperation between the parties so that they can safely trust each other, working directly with each other, eliminating intermediaries and high risks.
• Minimum of intermediaries. With the help of the application, the number of participants participating in the sales process is minimized as much as possible. Now this process happens P2P, according to the terms of the smart contract.
• Legal protection. The company takes maximum measures for the legitimacy of goods and services on the Ubcoin market. Profiles of sellers will be checked, and any potential violations will be excluded.
• Decentralization. The appendix provides that the initiation, settlement and execution of transactions will be recorded in the block. Thus, all the necessary information will always be available, and, very importantly, no one can change it.
• Interface. The interior of the application is designed taking into account the best world trends, and is designed to create the most convenient conditions for both the seller and the buyer.
2006 - 2011:
- NaviFon launch - mobile navigation application.
- Utalk launch - crossplatform messaging client.
- Preinstallment agreement with Samsung.
- Ubank trademark registration.
2013 - 2014:
- Ubank launch.
- Preinstallment agreement with Fly.
- Ubank raised $8 million investment from Runa Capital, leading Russian venture investment fund.
- More than 3 million users.
- Preinstallment agreement with Huawei.
2015 - 2017:
- Strategic partnership with MDM Bank.
- Co-branded card launched.
- Ubank financial marketplace model launched.
- 6.1 million downloads of Ubank app on GooglePlay.
- Strategic partnership with Sovcombank.
- 12 million downloads of Ubank app on GooglePlay.
- Beta smart-contract platform developed.
- Support and verification team formed.
- Beta-testing of MVP through existing app distribution channels with leading smartphone manufacturers.
- MVP launch in Eastern Europe.
- Basic KYC framework developed.
- Full version of the app launched in Eastern Europe.
- App distribution agreements extended to additional regions.
- Beta open API developed.
- Launch in Middle East and South Korea.
- Beta AI-screening developed.
- Launch in South East Asia and South Asia.
- Open API available for developers.
- Launch in Latin America.
- Full AI-screening tool rolled out.
Get more about company & project & ICO:
Official website: [https://ubcoin.io/]
White Paper: [http://doc.ubcoin.io/whitepaper.pdf?v1]
Facebook: [https: //facebook.com/Ubcoin-838741126308809/]