Ubcoin

- Agustus 03, 2018

Cryptocurrency uses decentralized technology so that users can make payments safely and save money without having to use their name or through a bank. They are distributed through a public ledger (public ledgers).

Public ledgers are the storage of all confirmed transactions since the commencement of cryptocurrency creation. The identity of the coins owner will be encrypted and the system will use other cryptocurrency techniques to ensure the legitimacy of the records. The ledger ensures that the appropriate digital wallet can calculate the balance that can be used accurately. In addition, new transactions can be checked to ensure that each transaction only uses coins currently owned by its users. Bitcoin, one of cryptocurrency, calls this booklet the term blockchain.

What is Ubcoin Market?

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.

Vision

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 Product

Cryptocurrency mass adoption
We promote mass adoption of digital assets that are both a means of settlement and an investment vehicle, thereby enlarging benefits for all parties to everyday buy-and-sell interactions.
Peer-to-peer interaction
Cut out as many intermediaries from the value chain, as possible. The platform facilitates smart contract execution between independent parties. The Ubcoin Marketplace does not own any goods for sale, it is not biased in its search results, and protects fairness of smart contracts.
Legal marketplace
We pay special attention to ensuring the legitimacy of goods and services sold on the Ubcoin marketplace. We are developing an advanced AI technology to help pre-screen seller postings for any potential infringements of reason, morality, safety and due care. Seller profile transparency and verification will be strongly encouraged and promoted.
Decentralization of transactions and settlements
Blockchain allows for decentralized initiation, settlement and fulfillment of transactions. Payments are immediate upon performance under carefully crafted smart contracts.
Impeccable interface
Our interface design brings a harmonious and seamless experience of buying and selling goods globally. We will strive to open our API to the community in order to develop the best adaptation of the platforms for specific local needs of the global community.
Open community
Some transactions may, in the future, require additional KYC/AML procedures for execution of smart contracts for certain types of deals involving third-party providers (i.e. delivery companies, couriers, notaries). Ubcoin platform envisions seamless engagement of these parties.

Mass consumers

Obtain UBC coins without mining or exchanges, simply by selling goods and services. Easy way to become an owner-investor in crypto currency.

Miners and crypto investors

Enjoy their crypto wealth by spending on real-world goods and services. No conversion to fiat money needed, transactions are settled in digital currency with smart contracts.