U.Cash the Future of Money Transfers
U.Cash's IBO (more on that later) launches in just under a month. If you haven't already, I would suggest reading the whitepaper and looking into the website https://u.cash/. I'm going to outline some of the more basic details surrounding the cryptocurrency and their new approach to sending money transfer via. networking.
U.Cash is a new cryptocurrency that will be launching in just under a month. It is using the steemit approach of creating a network of users that also benefit from their usage. That is, they are attempting to create a network of organizations that transfer money throughout the world by offering them U.Cash in exchange for contributing to the network. They are calling this an IBO: Initial Bounty Offering.
Any participant that helps in a number of ways outlined on their website will be eligible to receive U.Cash. You can be a young artist offering to create a song, commercial, video, or picture etc. or a store front willing to operate via. U.Cash, or a journalist just capturing the innovation as it happens and you will be rewarded with U.Cash.
In addition to using a network of individuals that are rewarded by the cryptocurrency they help to build, U.Cash has a few other interesting details that set it apart. My understanding is that the U.Cash platform is being built such that it can support all other cryptocurrencies. It will then leverage this, to send money globally at the lowest rates available.
The end goal is to set up independent store fronts all across the globe, that permit the transfer of money cheaply and instantly, in a user friendly manner that more closely immolates our current norms.
I will be following this new cryptocurrency, and will attempt to provide updates regularly.
Cheers,
Dahlsom