We decided to devote this article to the extent to which the emergence of Ubcoin Marketplace will allow us to change the principles on which cooperation in the crypto-currency world was built up to this time. The previous one was the first part of the project review , so we already know that the team that is engaged in creating the marketplace is in the field of creating mobile applications for several years.
In this regard, on their account, applications such as NaviFon, Utalk and Ubank are mobile banking, which provides users with tools for managing their funds, making transfers and paying for services. Ubcoin will be the next product in the arsenal of its developers, which will just be a crypto currency add-on to Ubank.
Before and after
The number of participants in the crypto-currency market is growing by leaps and bounds - for now it is about 22 million people around the world, but experts boldly assert that this figure will increase by almost 10 times by 2020. Therefore, the sooner this figure grows, the closer the mass acceptance of the crypto-currency by society becomes. So far, the market capitalization of the crypto-currency market amounts to 400 billion dollars, but this is far from the limit.
Crypto currency holders need efficient and convenient tools to manage their portfolio, as well as ways to profitably spend the earned digital assets. The transfer of BTC, ETH and other crypto-currencies, including ERC20 tokens, into local currency may be too unprofitable due to high commissions of exchanges, but this way of using your savings is far from the only one.
On the other hand, there are many users who, by virtue of their capabilities, simply can not become participants in the crypto-currency market, no matter how much they want to. For some, this is a lack of funds, for others it is knowledge in the field of technology of blocking and crypto-currency.
Ubcoin Marketplace will become a decentralized solution for each of the parties - for miners and crypto-currency investors on the one hand, and for beginners and entrepreneurs on the other. In either case, both can interact directly using the Ubcoin platform and its UBC tokens.
Holders of crypto currency will be able to use them to purchase real things - goods that other market players will sell for tokens. Vendors, in turn, will receive an effective way to become participants in the crypto-currency market, selling goods for crypto currency, which will be the first in their crypto-currency portfolio.
Two in one: P2P and B2C
Ubcoin is a solution not only for private users, for whom the sale of things is a one-time action, because they can not sell things all the time. The ideal application of the marketplace will be doing business.
Various shops, including those that work exclusively through the Internet, will be able to use the Ubcoin Marketplace to establish sales for a specific target audience - participants in the crypto-exchange market and holders of UBC tokens.
For such sellers, Ubcoin is a ready-made marketplace with a user-friendly interface through which they can sell their goods anywhere in the world, receiving payment for this not in local currency, but in crypto currency, which in time grows in price in parallel with the profit of such stores.
Let us give an example. Alex is a crypto-currency investor who has been a member of the crypto-currency market for a long time and needs a really effective solution that would allow him to spend his crypto-currency assets without losing part of them at the expense of withdrawing from the stock exchange.
Upon learning about the Ubcoin Marketplace, Alex, without hesitation, bought UBC tokens to be able to purchase a wide variety of goods for a crypto currency. In the application, he opened a number of sellers and online stores, so now he can buy everything that is needed - clothes, equipment, accessories and so on. At the same time, he will not pay huge commissions for withdrawing funds, and one and the other side of the transaction will receive his benefits.
Definitely, the pros in this use of Ubcoin Marketplace. In the next final part of the review, we are going to talk about how the platform will function, what features it will have, and how things will be bought through it . In addition, we learn how soon users will be able to buy and sell goods for crypto currency.
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