[ANN] A formal Cooperation Has Been Reached Between UB and Hcash

Hcash is proud to announce its newest strategic partnership with the Blockchain project, UnitedBitcoin (UB).

UB is a new Bitcoin fork, and its goal is to both innovate on Bitcoin’s original design and provide currency stabilisation by having its value pegged to fiat currencies. Building off Bitcoins core network, UB will continue to have the same total volume, block-speed, halving time and PoW mechanisms as Bitcoin, but aims to solve several fundamental issues, such as high transaction costs, slow transaction speeds and price volatility through the implementation of Segwit protocols, 8MB block sizes, smart contract functionality, a pegged currency function and lightning network support. These features combined provides a new and improved version of Bitcoin that can keep up with modern network and consumer demands.

As part of this agreement, Hcash holders will receive UB airdrop rewards, and in return, Hyper Pay (HPY) will provide a full payment and support system to the UB network. The implementation of the UB payment system will provide HYP and its customers more flexible payment options for purchases on its network (via Alipay, Wechat, Unionpay, Visa and MasterCard).

The conversion ratio for Hshare holders will be 100 HSR/1UB.

As one of the most successful cryptocurrency payment systems, HPY is focused on its goal to remain the preferred trading platform for Bitcoin, ETH, UB and HCASH.

Overall, this mutually beneficial partnership will allow HYP and Hcash to grow its ecosystem, while enabling UB to stay true to its goal of becoming a stable currency that can be used for everyday transactions.