Supporting Global Currencies
Our Solution: Turnkey Central Bank Digital Currency (CBDC) | Retailer Eco-System
UberFi’s Eco-System solves the major problem every CBDC stablecoin has when issued: Retail Adoption.
The UberFi.com model provides a free mobile wallet to every consumer and
retailer, facilitating rapid retail payment adoption on a national scale. All UberFi’s Stablecoins are instantly convertible into prepaid phone minutes via BitMinutes.com, UberFi’s asset-backed utility token, providing instant use and credibility to every consumer in the country.
A pioneer in issuing asset-backed tokens, Bitminutes.com, has contractually obligated its asset-backed digital currency (BMT) to provide liquidity for the liquidity pool. This will support multiple currencies and UberFi created Stablecoins issued by The Central Bank.
UberFi Eco-system Components:
Trusted Agent Network (TANAgent.com)
Retailer Point of Sale software, solves the last mile problem identified by the World Bank and the Gates Foundation as the key missing link in most FinTech banking solutions. TAN networks are live in 3 countries.
Kenya: The Trusted Kenyan Shilling (tKES)
Nigeria: the Trusted Nigerian Naira (tNGN)
Guatemala: The Trusted Guatemalan Quetzal (tGTQ).
All three are currently in circulation in their respective countries.
Decentralized Finance is radically changing the financial world.
(DeFi) Liquidity Pools raise Central Bank reserves by issuing digitized bond offerings (BonDeFi.io) using proprietary interest-bearing stablecoin tokens
Currently, only sophisticated
digital Traders have benefited from this technology. TAN USA is applying the same
technology to cost-effectively source funds for its micro-lending program. The basis of the technology creates a liquidity pool attracting digital currency funds by paying a rate of interest ranging up to 10%. Using our stablecoin technology, we convert the globally aggregated digital currency
value into the local fiat currency as a stablecoin to lend locally.
Patent-pending Atomic Swap
Mobile Wallet: Any smartphone may send/trade/receive major fiat and digital currencies
Virtual MasterCard Debit: Enables Stablecoin eCommerce to buy goods online (Q4)
Global $5 Trillion Opportunity
Today there is a global opportunity to leverage traditional FX margin trading by applying new blockchain and tokenization technologies. This opportunity is manifesting itself as Decentralized
Finance or DeFi. Within the last 2 years over $13 Billion has been placed into DeFi investment strategies earning significantly above-average interest rates.
UberFi and BitMinutes are leveraging the power of DeFi and merging this with new Central Bank digital currencies.
Current UberFi Implementations
Mwale City, Kenya – Private labeled turn-key POS/token/blockchain solution for Mwale City, Kenya using celebrity Akon’s Akoin.io Token custom built by UberFi
Akoin expanding to planned $6 Billion Akon City.
Nigeria: Live with 1,000 TAN Agents/6,000 customers, built using TAN affiliate marketing
Guatemala: Partnership with the largest micro-finance company; And a partnership with the largest remittance bank; 6,000 potential TAN Agents
Bahamas CBDC: Retailer interface developed by UberFi team member
Digital Currency/Stablecoins Issued: BitMinutes, 4 Stablecoins, Akoin.io
Liquidity pool technology, using smart contracts on a decentralized basis, ensure transparency
and fairness to all investors and borrowers. Digital currency depositors earn higher interest and
fees than they can in the traditional Finance industry. these digital assets act as the collateral
backing the Trusted USD or tUSD stablecoin issued by TAN USA. In addition, depositors can
borrow any digital assets in the liquidity pool based on their collateral value. Currently, there
are approximately over $13 billion Global assets locked in DeFi contracts.
Decentralized Finance (DeFi)- The Newest Digital Currency FinTech
Bitcoin demonstrated how easy it is to send value from one person to another. The latest cryptocurrency innovation, Decentralized Finance (DeFi), makes it easy to borrow and/or lend cryptocurrency. New DeFi protocols maximize yield with complex programming protocols. DeFi has accumulated over $12 billion dollars in assets within the two years. With the Advent of the new DeFi lending programs, the company decided to create a lending protocol that can be applied to all 150 + Fiat currencies globally.
Why Invest in UberFi?
The Harvard/Stanford team at Trusted Agent Network (TAN) have developed a global infrastructure applying state-of-the-art fintech technologies to provide financial services to the two billion unbanked. We invented BitMinutes as a cash token that can be used or transferred between the four (4) billion people who have to prepay their mobile phone time and internet access. However, in a seminal white paper, the Gates Foundation outlined the need for a network of trusted agents as the human interface necessary to accept and disburse cash for electronic cash tokens like BitMinutes. To meet this exact cash in/out need, our team created the Trusted Agent Network or TAN which, as a welcome beneficial by-product, creates financial services jobs in the developing world by turning the corner retailer into the corner banker.
Fast and Global
During the process of implementing TAN and BitMinutes in several countries, the company
realized that in order to be used as a form of payment processing, BitMinutes would need to be converted into a stablecoin equal to that country’s local fiat currency. That feature has been added to the TAN Agent wallet for both the TAN Agents and consumers. To facilitate lending,
the company initiated a smart contract-based lending program currently in beta test in Nigeria.
Introducing the world’s first encrypted token available to approximately 4 billion prepaid mobile phones in 130 countries and bank accounts in 70 countries. BitMinutes tokens are exchangeable into pre-paid time and can be used as digital value for transfers, payments and micro loans, creating an ‘ecosystem’ for the underbanked. BitMinutes are changing how the world spends time.
Trusted Agent Network
The Trusted Agent Network (TAN) is the “Uber of Banking.” TAN Agents bring affordable, secure, mobile phone-based financial services to communities that lack traditional banking services. Become the financial center of your community as a local agent sharing financial services.
Free Money Transfer
Enjoy free international money transfer from the United States to friends and family in Guatemala, Nigeria, Kenya and many additional countries as a customer or as a Trusted Agent.
UberFi Smart Wallet
Using an internal network for the UberFi loan decision-making process will enable fast processing of microloans with no human intervention. The lending engine assesses the credit risk before a loan is issued and during the repayment process, which creates quality feedback data for the lending engine.
The Uber of DeFi
Are You Looking To Dive Into UberFi?
DeFi Digital Currency Market Analysis
The new DeFi protocols can offer 5-10% annualized return on crypto under a smart contract. We propose to use investment proceeds to provide Capital to lend to the under-banked. At roughly a 1% return per week annualized at 50% we believe we can generate a 40% + ROI on the proceeds from assets deposited into the DeFi smart contracts. In addition, consumer loans will be secured by individual smart contracts globally to over 2 billion people. Again, this leverages DeFi protocols making the consumer lending process more efficient and less risky.
The company currently has operations and distribution in 14 countries in which we can lend either through Partnerships or directly to the consumer.
More Than 100 Digital Currencies Accepted
To provide additional liquidity for the liquidity pool, the company will accept up to 100 top cryptocurrencies and make a market using the automated market-maker described in The Lending protocol white paper.
The executive team has held senior management positions at fast-growing FinTech, eCommerce, digital marketing, technology, and financial service companies; several with degrees from Harvard Business School and Stanford
The Advisory Board includes the former CEO of SWIFT, the legal Counsel for Mastercard and the US Office of the Controller of the Currency
FOUNDER AND CEO
CHIEF DIGITAL OFFICER
LEONARD H. SCHRANK
CHIEF TECHNOLOGY OFFICER
CHIEF MARKETING OFFICER
Brian W. Smith
GLOBAL HEAD OF BUSINESS DEVELOPMENT
BitMinutes Partners with Fundación Génesis Empresarial, Initiating a Process that Will Bring Financial Inclusion to Millions of Guatemalans
BitMinutes Inc., a financial services technology company leveraging blockchain and pre-paid minutes tokenization to provide financial inclusion to the global consumer, announced today that it has partnered with Fundación Génesis Empresarial...
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