Ubcoin is set to tap into the huge potential for crypto-to-goods mobile marketplace

It is no longer news that cryptocurrency community has witnessed an exponential growth recently which was measured based on the number of accounts or wallets created daily by users and the volume of daily trade recorded by the leading cryptocurrency exchanges.

In January 2018, this exponential growth was confirmed by Changpeng Zhao, the founder & CEO of the world’s leading cryptocurrency exchange called Binance when he revealed that Binance added over 250,000 new users on a single day and the platform also recorded a staggering daily trading volume of about $9.5Billion. According to him, the upsurge was so overwhelming that they Binance have to disable registration of new users on Jan 4th, 2018 to allow for system infrastructure upgrade so as to cope with the growing trend.

Even with this massive growth, members of crypto community are still faced with the issue of delay in mass adoption of cryptocurrency by state regulators and financial institutions in different countries.

This issue of mass adoption is seriously affecting the huge and ever-growing population of the crypto community especially in the area of buying and selling of physical goods using cryptocurrency as means of exchange.

In order to solve this challenge, Ubcoin came up with this idea of creating an Etherium blockchain platform where people from across the world can transact business and buy or sell real goods using cryptocurrency. The platform is called Ubcoin Marketplace.

Overview of Ubcoin Marketplace
The ubcoin marketplace is a peer-to-peer platform powered by Ethereum blockchain where cryptocurrency can be securely, seamlessly and transparently exchanged for real goods or products. It will be like having Amazon on blockchain and the products displayed would now be paid cryptocurrency.

Ubcoin Token (UBC) will be the sole means of exchange on the platform. An interested buyer of a product on Ubcoin Marketplace holding a different cryptocurrency will first exchange it to UBC on cryptocurrency exchange before he can then transact on the platform using the UBC.

Short Video on How Ubcoin Market works

Why am I confident about Ubcoin Marketplace?

1. Ubcoin is a full-fledged company which has been in operating since 2013.
2. The company currently has 56 well experienced full-time staff and other hosts of contract and part-time staff.
3. Three (3) successful products have already been created and launched by Ubcoin team: Navifon, Utalk and Ubank.
4. Ubcoin Marketplace is an extension of Ubank App which has over 2.5 million users and has completed over 20million transactions since the day it was launched.
5. Ubcoin is already in partnership with whales like Samsung, Huawei, Fly, Mastercard, and Visa.
6. Ubcoin marketplace has selected a niche – Mobile marketplace which has huge potential and every growing market demands. And with the incorporation of blockchain technology into the platform, I am very confident that it will be a success.

Analysis of Market Opportunity Ubcoin set to tap into

Deductions from the market opportunity analysis

1. There is an increasing number of digital shoppers/buyers globally.
2. Online shopping is increasingly taking a fair share of the total global retail sales.
3. It was established that online shopping is already the preferred choice over the traditional offline stores.
4. The use of smartphones to shop online has experienced a big shift and increased global trend as against desktop shopping.
5. It was also deduced that mobile format is now dominantly used for crypto wallets.

Conclusion
Based on the facts and deductions from the analysis, it is now clear that Ubcoin is on the right track considering the huge potential in the market. Again, with the integration or incorporation of blockchain technology into the platform, Ubcoin marketplace, in my opinion, will be a huge success.

For more information on Ubcoin and how to join Ubcoin revolution, please visit any of the links below:
Ubcoin Website: https://ubcoin.io/
White Paper: http://doc.ubcoin.io/whitepaper.pdf?v1
Facebook: https://facebook.com/Ubcoin-838741126308809/
Telegram: https://t.me/ubcoin
twitter: https://twitter.com/ubcoin

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