Ubcoin: Crypto for exchange of goods
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Until mid July 2018 you can take part in token sales organized by Ubcoin, a blockchain platform that uses Amazon, Etsy, and eBay to create the world's first truly efficient alternative to traditional crypto exchange. Ubcoin users will be able to obtain cryptocurrency simply by selling real goods and spend their crypto wealth by purchasing those items, getting rid of fiat money from this chain. And all this without having to exchange fiat money with cryptocurrency. Basically this is the first solution to where to start cryptocurrency for the first time.
Around the world, crypto investment is a crypto investment. But it's not easy to do. Crypto mining requires certain equipment and technical expertise. There is also a complicated fiat / crypto exchange by KYC (when you want to use paper money), but also 8 of the world's top 10 exchanges do not even have a physical office address. It is ironic that the high level of sophistication of the financial sector and the widespread use of advanced payment technology, there is still no easy way to obtain cryptocurrency - the epitome of modern technology today. Exchange and crypto services like Localbitcoin when you buy crypto from an unknown person on the web.
If you want to exchange euro or dollar to BTC or ETH through one of many traditional crypto exchanges, you are bound to face two major issues:
Very few traditional crypto exchanges have legal status, and even platforms that have had difficulty establishing themselves formally, they still can not provide any guarantees. No one and no one set the exchange, and therefore their customers do not know where their money is stored properly and who to contact if anything happens. And 'something' happens fairly regularly: the exchange is hacked and closed with the user losing all their savings.
To purchase a significant amount of KYC checks, you must disclose your full personal details. Which, in essence, throws away the window of the concept of user anonymity - one of the major advantages of decentralized technology. And if you use one of several exchanges that allow users to make deposits to the crypto wallet using a credit card, the bank and government regulatory agency will also have a 'file' on you. And if your country decides to ban the trade of cryptocurrency (like Japan) then you may face serious fines.
If you decide to use a platform similar to Localbitcoins - more importantly, cryptocurrency becomes more scam- and conquered by this market fraud. For example, you negotiate with other users of the platform: You want to buy a certain amount of BTC worth of dollars. You transfer money, and, more often than not, your colleagues do not support their bargaining side. In addition, it may be that your 'partner' has received money from or sent them to, say, members of a terrorist group, which will automatically make you an interested person to the authorities. And, of course, these transactions usually take place in public spaces that once again rob you of your right to remain anonymous.
And then there is the problem of the 23 million owners of cryptocurrency due to restrictions imposed by government and financial organizations. You may have significant savings in BTC or ETH but crypto assets become real goods or services; otherwise you will not know what to do with them.
Ubcoin Crypto for exchange of goods solves all these problems by creating a hybrid between crypto exchange and peer-to-peer trading platform. Nearly 2 billion people regularly shop online and 60% of all internet users buy and sell goods using fiat money on platforms like Amazon, eBay, Etsy, and others. Ubcoin builds this familiar model and creates a platform where real goods work, as they are, as a means of payment, and cryptocurrency as a traded asset. You install your smartphone for sale, find buyers, receive an Ubcoin token and redeem it into other major crypto currencies such as Bitcoin or Ethereum. There he is. You are now a crypto investor. From now on you can buy your virtual money any item on Ubcoin without having to swap your crypto fortune with money.
This model meets the needs of potential and existing crypto investors by solving crypto exchange problems 