What is UBPay?
UBPay is a global digital payment solution platform which will issue several digital currencies pegged to the relevant traditional currency.
The vision of UnitedBitcoin is to create several digital currencies that allows peace of mind, convenience and practicality as a medium of exchange. UBPay will provide an alternative to traditional currency purchase methods.
Every transaction is recorded on the blockchain, ensuring a transparent transaction for both shoppers and merchants. This is designed to eliminate problems with fraud, chargebacks and payment security.
With the latest blockchain transaction technology, all payments are done and confirmed almost instantly. Anyone conducting international transactions utilising one of UBPay’s stablecoins will benefit from zero transfer fees.
Furthermore, cryptocurrency traders want a trustworthy stablecoin to hedge against volatility. This will allow re-entry into the market without any onerous processes and exposure to specific crypto currencies.
Extreme volatility alone has underscored the need for a price stable cryptocurrency.
Stablecoin – UUSD
As UBTC continues to ride the waves of the crypto market, we are launching a new stablecoin that will be pegged to the US dollar at a 1:1 ratio for those in the community who are calling for something more reliable and transparent. The first stablecoin will be known as “UUSD”.
The stablecoin will be audited by a global third-party firm to ensure complete transparency regardless of everything being viewable on the blockchain.
Of utmost importance, the stablecoin shall be 300% collateralised at all times by UBTC. i.e. for every 1USD issued, there will be 3USD collateral in UBTC. Over time the collateral may change but the ratio of the collateral is not intended to be below 300%.
UUSD will be supported by AnyBit wallet and will be listed on several exchanges in due course. Further information will be announced as it is made available.
To stay up to date with the latest developments please sign up to get early access and up to date information.
We are always available to talk with traders, exchanges, advisors and merchants who are interested in collaborating so please do not hesitate to email UBPay@ub.com.
As usual, your feedback is important to us so please do not hesitate to email us at Feedback@ub.com.