Ubank, the leading mobile payment application in Eastern Europe, presented the first version of the Ubcoin market - a global shared platform partner that is designed to attract 200 million new investors to cryptography.
Ubcoin is a market driven by Ethereum similar to that of eBay that allows people to exchange real assets for cryptocurrencies and vice versa. Ubcoin will be part of the Ubank mobile application pre-installed by Samsung in 10 countries and has more than 16 million installations worldwide. In July 2018, Ubank announced that it has started a partnership with LG Electronics to make Ubank available to LG users.
The first operational version of Ubcoin Marketplace was presented by the CEO of Ubank on July 14 in Seoul during a meeting organized by Ubcoin for its Korean collaborators and potential stakeholders.
At the moment, version 1.0 of the market has features that are described in the roadmap of the company: create a list to start selling, an advanced search system, a chat that establishes a real-time communication between a vendor and a buyer, and the process of buying an element for UBC tokens (utility tokens for liquidation of smart contacts and tariffs in the platform).
The public beta version of the platform will be available for testing at the end of August 2018.
During the event in Seoul, the Ubcoin team also showed the latest updates on its own artificial intelligence system based on deep neural networks, designed to improve the user experience, automate processes and minimize legal and ethical risks to the business.
Ubcoin Market uses machine learning techniques to moderate content, create personal recommendations, predict the price of products, improve the quality of product images and identify suspicious ads.
The Ubcoin Market uses decentralized technologies to create an easy to use tool that solves without problems the problems of people who want to enter the world of investments in encryption.
Ubcoin, moreover, is useful for experienced participants in the Blockchain market who need a convenient method to spend their encrypted wealth. Ubcoin Market will become an integral part of the Ubank application by the end of 2018.
Korea was chosen by the Ubcoin team to receive the first version of the product for a strategic reason. Ubank has pre-installation agreements with South Korea's technology giants, Samsung, and started a partnership with LG Electronics to make Ubank available to LG users.
Ubank plans to begin the expansion of the Ubcoin Market in the booming Asian market in early 2019. Earlier this year, Ubank received investments from the VC venture capital fund, Amereus Group, based in Singapore, to promote the Ubcoin market in Asia. By the end of 2018, the project plans to open offices in Singapore, Hong Kong and Seoul to implement the market launch strategy for the peer-to-peer ecosystem in the region.
Currently, Ubcoin Market is carrying out its public sale until August 27.
About the Ubcoin market
Ubcoin Market is a Blockchain project that develops an intelligent ecosystem to easily invest and convert cryptocurrencies by buying and selling products. Ubcoin Market was founded by the same team that founded Ubank, the leading mobile payment application in Eastern Europe that has been running since 2009 and, to date, has 2.5 million active users, more than 16 million downloads all over the world, and has been pre-installed by Samsung and Fly.
Ubank announced that it has started a partnership with LG Electronics on the availability of Ubank for LG users. For more information on the vision and structure of the project, visit its website and read its technical document . Now you can buy Ubcoin tokens at a discount on Ubcoin.io .