UBECOIN User-Friendly Platform To E-commerce For Merchants To Trade Goods And Services Without Cash Transaction Fees

https://ubecoin.com/

Abstarct

Ube Ltd is focused on providing a user-friendly platform for E-commerce, by providing easy access into the Ubecoin ecosystem which will enable rapid growth in the cryptoeconomy. A cryptoeconomy is the techno- economic model built on the technology of the blockchain. Institutionally considered, a cryptoeconomy is an extreme form of decentralised or distributed economy.Ubecoin is a blockchain solution created by a Gibraltar technology company with the aim of no less than the complete disruption of the traditional barter market globally.Ubecoin will be used as a medium of exchange from Business to Business (B2B), Business to Consumer (B2C) and Consumer to Business (C2B).

ubecoin have a 3 phase to facilitate entry into the modern economy

• Phase 1. Free Trade Barter (FTB)

 Ube Ltd will first seek to disrupt the global barter industry by offering a subscription based advertising model to enable merchants to have an unlimited low cost plan to grow their business. Barter is the action or system of exchanging goods or services without using money. The modern trade and barter industry includes three major sectors: 

• traditional retail barter exchange companies 
• corporate barter companies, and 
• countertrade.

• Phase 2. Online Entertainment

 Ube Ltd is developing partnerships with Probability Limited, Bulbet Limited, licensed UK pool online operators with over 4.5 million accounts and growing.
Ube Ltd’s online entertainment partners will be chosen from compliant/ licensed and best practice companies. In the second phase Ube Ltd is targeting the online entertainment sector. Lack of avenues for gamers to spend their winnings and the processing time is relatively slow and costly. Players at traditional fiat gaming websites need to wait for their bank wire (if they are not using a credit card) to get to the sites in-game wallet before being able to play. Regardless of their deposit method, the player could wait several days to receive their withdrawal if they decide to stop playing and cash-out. On-boarding the gaming and entertainment sector into the Ubecoin ecosystem instantly creates an uplift in consumer to business transactions via FTB by providing multiple avenues for gamers to spend their wallet. This will also create further opportunity for the Merchant network to gain access to a wider range of consumers that would not currently be available to them

• Phase 3. Fintech & Telco

Ube Ltd has agreed to partner with Apexx Fintech to develop and integrate their Ubecoin into the Apexx Fintech business products.Apexx work to reduce cost of payments acceptance using their dynamic routing engine, a switch solution that allows the intelligent routing of transaction to the most beneficial provider within a multi-acquirer model. Criteria for a switch include: currency, transaction type, card type, region, time of the day, load-balancing, or the re-routing of a transaction that has failed with one acquirer/issuer.

As with Online Entertainment it should be noted that at this stage Ube Ltd does not intend to enter the highly regulated Fintech and Telco industries but will only act as an arm’s length third party supplier of Ubecoin to its Fintech and Telco industry partners.

More detail read whitepaper

Ubecoin Roadmap

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