Ubank launches a Token Sale for Ubcoin Market, a peer-to-peer ecosystem that would allow its users to become crypto investors simply by selling real goods and receiving cryptocurrency in exchange
The team behind the mobile payments app Ubank expands its business and launches a blockchain ecosystem called Ubcoin Market. Its participants would be able to easily sell and buy real goods in exchange for cryptocurrency. The Token Sale is listed and favorably reviewed on foundico.com, icobazaar.com, and other rating platforms.
Ubcoin Market bridges the gap between crypto and real worlds. On one hand, those who are not well-versed in blockchain will be able to become crypto investors in an easy and safe manner, and, on the other hand, experienced members of the decentralized universe will be empowered to spend their crypto wealth without converting it to fiat currencies.
Ubcoin Market offers a solution for two clear-cut and objective opportunities. The first opportunity stems from almost 2 billion digital citizens, many of whom are keenly interested in cryptocurrency but have their path to crypto investment hindered by technological and legal barriers: mining is expensive and changing fiat money to cryptocurrencies is a cumbersome process. The second issue is the one faced by more than 23 million cryptocurrency owners who are not able to easily spend their crypto investments due to restrictions imposed by governmental and financial organizations.
The Ethereum-powered platform will promote peer-to-peer interaction by cutting out the middleman; provide a completely legal marketplace by developing an AI technology for pre-screening seller postings for potential infringements of reason, morality, safety, and due care; and cultivate an open community by making the API available for adapting the platform for local needs and by engaging third-party providers as well.
Ubcoin Market will be integrated into Ubank — the leading mobile payments app in the Eastern Europe that has been pre-installed by Samsung and Fly on their smartphones.
Ubank was launched in 2013. It received an $8 million investment from Runa Capital fund. As of today, the app has 2.5 million monthly active users, has been downloaded by more than 16 million users around the world and it processes 20+ million transactions a year.
The team behind Ubank and Ubcoin Market consists of 50+ highly skilled tech professionals, world-class top managers, and experienced marketing officers.
After the Token Sale and the launch of the MVP in Russia and in the Eastern Europe, Ubcoin Market plans on unfolding a global expansion, starting from the Middle East and South Korea (2019 2Q), South and South-East Asia (2019 3Q) and Latin America (2019 4Q). For now, the platform is planning to target individual users, but in mid-2019 is going to start working with small and medium-sized businesses.