WHAT IS U.CASH?
U.CASH is a peer-to-peer network of retail service providers (converters) combined with online and mobile applications (apps) targeted towards providing financial empowerment. It lets anyone in the world access bank-like services without actually interacting with a bank.
UCASH is also the name of the network’s native currency, UCASH. UCASH is used to facilitate efficient peer-to-peer transactions in a distributed manner. It is also used as network fuel, to pay for financial services of all types. It is built using its own blockchain implementation for access to robust smart-contracts and cheap transaction capabilities.
By buying UCASH, you are pre-paying for U.CASH financial services. U.CASH is available globally, supports over 50 currencies, including Bitcoin and other cryptocurrency.
It will be listed by the time the IBO period is complete.
The U stands for Universal. U.CASH means Universal Cash.
U.CASH is global. Our mission is to make peer to peer financial services available across the world. As of now, we are supporting 54 national currencies,as well as Bitcoin and other cryptocurrencies. Bank account support is live for converters that accept bank deposits. And you may look for U.CASH converters in your city through our app. We are constantly working on developing bank account integration in new countries, and in broadening the reach of our converter network. If you would like to request a converter in your region, or add your bank to our list, please do let us know at [email protected]
You can use U.CASH for sending and receiving money, requesting payments and withdrawing funds, paying bills, taking out loans, buying/selling cryptocurrency, buying/selling goods, investing, foreign exchange, and more, anywhere in the world just from your smartphone. With U.CASH, you can deposit funds into your U.CASH wallet through a converter, your bank account, or through any 3rd-party cryptocurrency wallet.
U.CASH is a peer to peer money transfer network. UCASH is the name of the currency.
U.CASH is set at 100 U.CASH per dollar during the IBO. When it starts trading on the exchanges the price of U.CASH will be determined by supply and demand on the markets.
U.CASH is used as fuel, to pay for financial services of all types on the network. This means that there is a constant demand for U.CASH and upwards pressure on the price, as long as U.CASH services are being used.
U.CASH is the world’s first digital fiat agnostic, cryptocurrency agnostic, and blockchain agnostic, peer to peer money transfer network. U.CASH converters represent a global, shared network of consumers helping each other easily deposit/withdraw cash, and access financial services from the U.CASH app anywhere in the world.
U.CASH combines the power of cash with global, instant transactions. It lets you manage your money currencies from different countries in one app. It lets you cheaply convert cash to digital currency in country A, travel to country B, and convert your digital currency back into local cash.
There are multiple reasons.
- The U.CASH platform lets you store value locked to non volatile fiat currencies.
- UCASH Distributes value of the network to all U.CASH contributors, including core team, community members, bounty hunters and others, letting them share in the success of the network.
- UCASH exists on multiple blockchains, and lets users access cross blockchain functionality with one currency
Your money is held on the U.CASH wallet. Your U.CASH wallet is held privately on your computing device. The U.CASH wallet is a non-custodial cryptocurrency and digital fiat wallet that allows you to see the value of your funds in any world currency you choose. U.CASH has no access (ever) to the private keys that reference your funds. The U.CASH model is 100% peer-to-peer, with no middle man ever holding, managing or touching your funds at any point in any transaction. In order to safeguard the funds held on your U.CASH wallet, it's imperative to create a backup and save your recovery phrase in a safe place in the event your phone gets broken, stolen or the app gets deleted by accident.
Yes. You can store UCASH externally as ERC223 tokens in ethereum wallets, and on other token platforms (Rootstock, Waves, Counterparty and more) as soon as we make UCASH available on those platforms.
U.CASH uses modern encryption technology to secure your digital assets. Also, when you transfer using U.CASH, your recipient does not receive any sensitive financial information such as your bank account number.
U.CASH is powered using a combination of digital currencies, multi-signature escrow, and smart-contracts with distributed data storage, that all allow access to a globally compatible worldwide network.
Yes. U.CASH is a decentralized wallet as you have full access over your cryptocurrencies such as Bitcoin (you get a private key). U.CASH has no access to the user’s private key ever, even in the instance where the consumer chooses to hold US dollars.
As your U.CASH wallet is held privately on your phone, you have no account hosted with us.
The following information is stored on U.CASH's servers:
- Your profile information (name, email address, phone number), all of which can be edited from the 'Menu' on the U.CASH app.
- A link between your phone number and the public key of your U.CASH wallet(s)
The following information is publicly available on the Bitcoin blockchain:
- Your public key (though your profile information -- name, email address, phone number is not posted on the blockchain).
- Your transaction history.
Please note you can edit your profile information at any time
U.CASH operates locally in Canada, and is a corporation organized and existing under the laws of Ontario, Canada. For any additional questions, please email us at [email protected]