Topic: Is u.cash the future of crypto exchanges? (Read 98 times)
As the number of cryptocurrencies in this world increase so does the demand for such exchanges one thing people gain from these exchanges is not the fact that they may have other cryptocurrencies in exchange for the ones they own but a cryptocurrency is an easy way to know what the market is doing
As the markets were beginning to bounce back, I noticed there was a new kid on the blockchain that was taking the crypto world by storm. At first glance, I thought this was a typical pump and dump coin and so I didn't pay much attention to it. I really hate pump and dump groups because they are destroying the reputation of crypto. They make crypto look bad in the eyes of the public whom we want to entice to adopt the future currencies.
I decided to keep an eye on it though, it seems to be losing its initial hype. Today while other cryptos were enjoying some green runs, it suffered a 30% crash against the greenback. Could it be a pump and dump, maybe, it's the wild west of crypto and anything is possible.
I looked at their website and it seems to promise some great things. u.cash promises to make it so much easier to convert your crypto to fiat. Right now if I need to convert my crypto I have to depend on an online service that uses escrow services to protect the trading parties. If I want to go overseas, I go to a forex exchange outlet and convert my local currency to the currency of the country I want to visit. There are fees and spreads to worry about, but you are dealing with a human being face to face and that kind of makes one feel secure.
Introducing u.cash. They are intending to make it as easy to convert fiat as it is to exchange forex. You just find the nearest exchange on your mobile and pay them a visit to cash out your bitcoin. All the transactions on the u.cash network will require ucash tokens and this will make the demand for these tokens to increase tremendously. Their tokens were distributed via initial bounty offering and I believe that is great to spread awareness and a good marketing tactic.
Over the longterm, the ucash token looks really promising. I have no idea what caused the token to crash today, but I no longer think it's a pump and dump. I would gladly welcome ucash services in my country to exchange my crypto for fiat. It would certainly make things a whole lot easier.
I decided to keep an eye on it though, it seems to be losing its initial hype. Today while other cryptos were enjoying some green runs, it suffered a 30% crash against the greenback. Could it be a pump and dump, maybe, it's the wild west of crypto and anything is possible.
I looked at their website and it seems to promise some great things. u.cash promises to make it so much easier to convert your crypto to fiat. Right now if I need to convert my crypto I have to depend on an online service that uses escrow services to protect the trading parties. If I want to go overseas, I go to a forex exchange outlet and convert my local currency to the currency of the country I want to visit. There are fees and spreads to worry about, but you are dealing with a human being face to face and that kind of makes one feel secure.
Introducing u.cash. They are intending to make it as easy to convert fiat as it is to exchange forex. You just find the nearest exchange on your mobile and pay them a visit to cash out your bitcoin. All the transactions on the u.cash network will require ucash tokens and this will make the demand for these tokens to increase tremendously. Their tokens were distributed via initial bounty offering and I believe that is great to spread awareness and a good marketing tactic.
Over the longterm, the ucash token looks really promising. I have no idea what caused the token to crash today, but I no longer think it's a pump and dump. I would gladly welcome ucash services in my country to exchange my crypto for fiat. It would certainly make things a whole lot easier.
Jump to: