The Ubank mobile payment application will be pre-installed by the South Korean company LG Electronics on its smartphones, which will be progressively available in different global markets. The Ubank app is already preinstalled by Samsung in 10 countries. LG phone users will also have access to Ubcoin Market which is an eBay-like platform developed by the Ubank team that allows people to buy crypto-currencies in exchange for real estate.
Ubank, via UbCoin, consolidates its position as a pre-installed application
Ubank, the leading mobile payment application in Eastern Europe, has announced the signing of a formal agreement with LG Electronics stipulating that the app will be preinstalled on LG smartphones. This means that all LG phone users will join Samsung and Fly smartphone userswho also have the Ubank app already pre-installed. LG users will also be able to pay for all services and transfer funds instantly. The first batch of devices from the manufacturer including Ubank as a preinstalled feature will be released in September 2018.
LG phone users will also have access to the Ubcoin Market, an eBay-like platform developed by the Ubank team that would help people acquire crypto-currencies in exchange for real estate. Ubcoin Market uses decentralized technologies to create an easy-to-use tool that solves the problems of people wishing to enter the world of investment in cryptocurrencies, without hassle. Ubcoin is also useful for experienced participants in the Blockchain market who need a convenient way to spend their digital holdings. Ubcoin Market will be an integral part of the Ubank app by the end of 2018.Currently, Ubcoin Market is selling its chips through its ICO, during which the project has already raised substantial funds from private and institutional investors, including the Inventure fund. and the Singapore-based Amereus fund.
LG Marketing Director Anastasia Solovyova said:
"We are delighted to become partners in such a successful project led by a talented and experienced team like Ubank. We are confident that our users will also be enthusiastic - whether those who simply want a convenient mobile tool to check the balance of all their bank cards and quickly complete their daily financial transactions or who want to be at the forefront and enter the world of cryptocurrencies. "CEO of Ubank and UbCoin Market, Felix Khachatryan, said
"We are excited to see our app preinstalled on devices produced by LG Electronics , one of the world's largest smartphone manufacturers. This partnership is all the more important for us as LG, as a South Korean company, is ready to bring its in-depth knowledge of the different national markets of the Asian continent, which will undoubtedly facilitate our future development in the region. region. We see the partnership with LG as a logical and inspiring step after the longstanding partnership with Samsung. "Ubank plans to begin expanding Ubcoin Market into the Asian market in the second and third quarters of 2019 , and the partnership with LG will be very valuable in this regard. LG smartphones with the preinstalled Ubank app will gradually become available in various global markets, including Asian countries. Earlier this year, Ubank received an investment from Amereus Group venture capital fund, based in Singapore, for the promotion of Ubcoin Market in the Asian market. By the end of 2018, the project plans to open offices in Singapore, Hong Kong and Seoul to implement the commercial launch strategy of the peer-to-peer ecosystem in the region.