U.CASH is a peer-to-peer network of retail service providers (converters) combined with online and mobile applications (apps) targeted towards providing financial empowerment. It allows any person in the world to access bank-like services without the actual need to interact with a bank ever again.
With the majority of the global population either “over-banked”, “underbanked” or “unbanked”, U.CASH offers anybody with an internet connection an alternative to traditional centralized financial institutions like banks and credit unions.
U.CASH is providing users and service providers a platform for money and digital cash equivalent (Universal Cash) management, which includes all necessary modules for an unbank including distributed smart-contracts, mobile and online applications and bank-grade security infrastructure. U.CASH pairs this technology with a retail network of converters who provide users the means to load and upload funds from their digital wallets. This Universal Cash can then be used for many traditional financial services such as bill payments, sending funds, mobile recharges, loan repayment, prepaid cards, and others.
U.CASH is powered using a combination of digital currencies, multi-signature escrow, and smart-contracts with distributed data storage, that all allow access to a globally compatible worldwide network.
Financial service capabilities powered by U.CASH : store of value services (loading & unloading funds, value locking, mobile recharge/refill/top-up), traditional financial services (online/offline commerce, sending/receiving funds, bill payments, foreign exchange, investing, Visa debit cards, virtual Visa cards) and blockchain services (digital currency functions, chain certify, converter mode).
uCash (XUC) tokens are the backbone of the functionality on the network.
The uCash (XUC) token is a universal access key which gives users access to services on the U.CASH network as well as advanced functionalities. uCash (XUC) is the digital asset and the fuel of the network. XUC tokens allow users to do transactions with any currency or asset they like.
Most startups in the blockchain industry currently use a method of crowdfunding known as ICOs (Initial Coin Offerings).
Unfair distribution of ICO tokens to "quick on the trigger" buyers and "whales" with large holdings of digital currencies has to lead to markets being manipulated and unfair benefits being given to these early individuals. Regular users are left out as these ICOs raise millions of dollars in digital currencies within minutes and the future health of the network is adversely affected.
That is why the distribution of the XUC token will be accomplished using an innovative new model, the world’s first Initial Bounty Offering (IBO). Users can acquire tokens by completing bounties set out by the uCash Foundation to build out the network. The foundation will choose the various winners of bounties (where applicable) and administer the payment of bounties.
Website:
https://u.cashFacebook:
https://www.facebook.com/udotcashTwitter:
https://twitter.com/udotcashLinkedin:
https://www.linkedin.com/company/ucash
