Ubcoin Market, the mobile Ebay-like marketplace which brings together non-institutional sellers and buyers and facilitates payment in cryptocurrency, begins a comprehensive partnership with a Singapore-founded company, Qbao Network.
Qbao Network is a complex solution which integrates functions of a multi-currency cross-chain crypto wallet, token exchange, digital asset management and many others. Ubcoin is planning to fulfill integration with most parts of Qbao Network infrastructure and grant Qbao Network users special possibilities within Ubcoin Marketplace.
Ubcoin PTE LTD and Qbao Network signed the Memorandum of Understanding to commence joint activities. The overall goal of mutually beneficial cooperation is to grow respective user bases and deliver enhanced customer value from new offerings of functionality for both platforms.
Ubcoin is a global peer-to-peer Ethereum-based marketplace for exchanging real goods to cryptocurrency and vice-versa. Ubcoin will be part of the Ubank mobile app that is pre-installed on Samsung smartphones in 10 countries with 2.5 mln active users. Ubcoin is closing its token sale soon and is preparing to be listed on Asian crypto exchanges.
Qbao Network serves global blockchain world by providing users with a complex cross-chain, decentralized, secured and easy-to-use digital asset solution. Qbao Network is a one-stop application that meets the needs of people in digital currency payment and settlement, digital asset management, digital asset trading, online consumption, identity authentication, news, and social communication. Qbao Network application is available in four languages: English, Chinese, Korean and Japanese.
Expected ways of cooperation:
- Qbao Network crypto wallet users will receive a certain amount of UBC tokens and will be able to use them on the Ubcoin Marketplace for buying products;
- Ubcoin Market will become available in the Qbao Network DApp store;
- Joint crypto payment and token rewarding program solutions;
- User communities for Ubcoin Market customers are expected to be created on the Qbao Network social media network;
- Digital asset management program of Qbao Network becoming available for Ubcoin Market clients;
- Encrypted communication technology considered for integration to Ubcoin Market.
Felix, the CEO of Ubcoin Market commented:
“Together with Qbao Network we will actively seek additional mutually beneficial opportunities for technological and business cooperation. Ubcoin Market team deeply believes that partnerships of this kind enable valuable opportunities to grow success of both parties and develop an optimistic and progressive vision for the future of the digital asset economy”.
Nathan Sun, the Co-Founder and COO of Qbao Network commented:
“Qbao Network is designed as a comprehensive blockchain ecosystem platform and the gateway to the blockchain world. We are excited about establishing the partnership with Ubcoin Market. We can build a better blockchain ecosystem together with a wider pool of knowledge, skills and resource”.
About Ubcoin Market
Ubcoin Market is a global peer-to-peer platform that is designed to bring 200 mln new investors to crypto. It bridges the gap between crypto and real worlds. Ubcoin will be part of the Ubank app, the leading mobile payments app in Eastern Europe.
Ubank has been in business since 2009 and enjoys a loyal community of 2.5 million monthly active users, more than 16 million downloads around the world, and the has been pre-installed by Samsung and Fly. Ubcoin is currently finishing its token sale and has attracted both retail and institutional contributors – Inventure Partners, and the Singapore-based Amereus Group.
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