Adam is an experienced crypto trader who has been able to acquire a lot of assets over the years of trading. Looking through his cryptocurrency portfolio, Adam has thousands of dollars in USD value but unfortunately, can’t spend it. He will have to be forced to sell his cryptos for fiat if he is ever in need of money to purchase important physical items. Won’t things be much easier for him if there was a way he could spend his crypto assets directly in online stores? Imagine if stores start accepting cryptocurrency as payment for good and services? This is where the concept of Ubcoin is engineered from.
Ubcoin, in a nutshell, is an online marketplace where goods can be bought outrightly using cryptocurrency. The Ubcoin marketplace comes as a follow-up innovation to the Ubank App.
But what exactly was the motivating factor behind the development of the Ubcoin Marketplace?
The rate at which many people are acquiring cryptocurrency is on a radical increase. By the year 2020, experts believe that well over 200 million people will be active holders of cryptocurrency assets. The Ubcoin platform aims to speed up the actualization of this expectation by creating a mobile environment where sales transactions can be performed using cryptocurrency without necessarily converting your assets to fiat first.
Why use just the mobile app for transactions? Why not build a website store as well, you might ask? Well, majority of people today depend more on the use of their smartphones and in the next couple of years, close to half of the world’s population may already be using only smartphones for online transactions and this is why Ubcoin has decided to penetrate the market via this medium.
What about quality checks against sales of substandard goods?
The team are prepared to take quality control very seriously by putting in place, effective measures to guard against sales of low standard products. AI-based screening of products uploaded on the platform will be initiated along with a KYC (Know-Your-Customer) verification for participants. This will help prevent infringements as well as enhance safety for buyers and sellers.
Why You Should Invest in the Token Sale
As part of efforts to fast-track the development of the Ubcoin platform, the team behind it is organizing a token sale where investors can purchase UBC tokens at affordable rates before they become a hot cake on the Ubcoin marketplace. You really should think about buying the tokens because the App has already being developed and not only that but terms of agreement have been signed with major companies in the smartphone market to have Ubcoin App pre-installed on all Samsung and Fly Smartphones.
As mentioned earlier, Ubank, the App on which Ubcoin is being innovated on, is actually a leading banking platform that boasts over 16 million installations across Google Play and the iOS AppStore. This alone is a sign that the potentials for Ubcoin’s growth has already been carved in stone and inevitable. To learn more about this iconic project, kindly click on any of the following links; website, whitepaper, telegram. twitter, facebook.
Author - Coltpython
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