UBCOIN: PROMOTING CRYPTOCURRENCY ADOPTION IN THE RETAIL MARKET PLACE
Presently, tens of millions of people legitimately own cryptocurrencies. Hundreds of millions around the world are aware of cryptocurrencies and would like to obtain them. Many view crypto as a means of investment with stunning returns, and others seek benefits of seamless digital transactions and new business opportunities afforded by blockchain technology. Mass adoption of cryptocurrencies is inevitable and imminent. The cause and credit is owed to many trail-blazing entrepreneurs and visionaries, including the source of our
inspiration and object of deepest respect, Telegram. The moment of mass adoption will
definitely come sooner rather than later. Consumers need a simple, fast and safe means
of obtaining digital currency.
Capitalization of cryptocurrencies fluctuates around $300 billion. Yet the governments,
banks, and international payment systems around the world drag their feet in
establishing clear rules of regulating crypto transactions to enable law-abiding citizens
buying and selling physical goods using their digital assets. A large portion of $300
billion is ripe for spending – conversion into physical assets.
The goal of our company is to empower consumers around the world to invest in crypto
and to enjoy the purchasing power of their crypto investments by creating a Ubcoin
digital marketplace where they can freely and securely buy and sell goods for
- 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 Background and Team
We continue to see ICOs making bold assertions about transforming entire industries,
spearheaded by individuals with no tangible experience or background in the very
industries they plan to revolutionize. We tend to see efforts led primarily by developers,
engineers, or tech entrepreneurs who bring in a panel of “advisors” to assist with
navigating whichever industry they aspire to “disrupt.”
The team behind Ubcoin has been working together since 2009. We ardently focus on
turning new technology into widely-adopted customer experience:
- We created Navifon, one of the best navigation software application at the time –
first 3D/voice guidance navigation app in Russia for J2Me and other OS phones,
even before Google and Yandex announced their 3D navigations. https://
- We launched uTalk. First aggregator of social network sites allowed for seamless
single-interface management of Google Talk, Facebook Chat, ICQ, Skype and many
other networks. By 2010, over 5 million users have used uTalk regularly. Samsung,
LG and Fly Mobile pre-installed uTalk app on more than 22 million smartphones.
- We built Ubank. To date, over 16 million users had the app installed to ease the task
of managing their daily finances spread across different banks, cards, services,
even countries. Ubank brought it all together in one convenient and intuitive
interface. The app processes tens of millions of transactions using its proprietary
payment processing technology. Leading smartphone manufacturers, including
Samsung, Fly and others pre-install Ubank on all of their smartphones destined for
the markets of a dozen countries.
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