7 key differentiators of UCASH from every other crypto
By: Kiran Vaidya
Tags: Blockchain, Ibo, Bitcoin, Ucash, Cryptocurrency

Blockchain agnostic and inclusive

The real game changer in crypto is a token which is blockchain agnostic as well as inclusive. Governance is one of the pain area in cryptocurrencies. In a decentralized network disagreements are common which leads to forks and it affects the network. One such side effect is high rise in transaction time and cost. The end user of the network is often affected. Being blockchain agnostic and inclusive allows the UCASH ecosystem to be independent of any one blockchain implementation, and also allows all of them to be accessed and used whenever beneficial, or required by its users.

IBO

The most popular crowd funding mechanism for cryptocurrencies aka ICO is so 2016. UCASH introduced the novel concept of Initial Bounty Offering (IBO) in the crypto space. While a few cryptos had used bounties to spread the word before, UCASH’s entire crowd funding mechanism involves bounties. It brings back the age old value transfer system of barter. You do something for the UCASH network and in return be rewarded with UCASH tokens.

MSB Location for Cash to crypto

Cash to crypto

The biggest pain area in crypto is not able to convert your fancy digital tokens into liquid cash. While there are a few exchanges, not every person is tech savvy to understand keys and do the transfer. Many people still prefer converting your crypto by interacting with an actual human being. UCASH has introduced the concept of “Converters”. For those who are tech savvy then of course there is provision of mobile and online converters.

Compliance & Regulations

One of the basic tenets of the traditional financial system is the requirement of Anti-Money Laundering (AML) and Know-Your-Customer (KYC) protocols for servicing clients. There are mechanisms in place to root out and prosecute nefarious misuse and abuse of the financial network, and protect consumers from fraud, scams, and other loss or accidental entanglement in criminal activities.

Multi Currency Support

U.CASH has the goal of supporting almost every utilitarian fiat currency, digital currency, and assets that it possibly can. U.CASH is meant to be universal platform for the movement and usage of user funds.

Multiple Use cases and highly flexible system

Few of the features provided by the flexible system of UCASH -

Repository for storage of multiple digital asset types.

Integrated ISO 20022 Compliant Payments Messaging for transaction messaging, internally and externally to allow U.CASH to plug into the existing financial ecosystem where and when required, and set up the U.CASH platform for future interoperability involving advanced features.

Multi signature wallets for additional security

Decentralized backups to secure user funds and keys

Bill payments for utilities like telecom and internet

Mobile payments and recharge

Value locking mechanisms like tokens backed by fiat money or assets like bonds and securities

Notarization of documents on blockchain

Enable loading of Visa card and payment wherever VISA NFC is enabled

Partnerships and developed product before exchange listing

Most ICOs just have a whitepaper. With UCASH, a working prototype and real partnerships are already in place. Any user can test the portal at this link. In Ontario, Canada there are already multiple MSBs which are part of the UCASH network.

READ MORE ABOUT THESE DIFFERENTIATORS ON THE U.CASH WHITEPAPER