If anyone is going to introduce a properly operational and, most importantly, popular banking ecosystem built on blockchain, that certainly won't be UCBI. This company is just too unprepared, underfunded, and understaffed. Plus, they are going to be eaten alive by the regulators in any jurisdiction other than their current one. Establishing a banking network requires organization, planning, connections with regulators, and the understanding of the current needs of both banked and unbanked people. UCBI appears to be missing most of that at the present stage of development.
The creation of a global cryptocurrency bank is one of the most important destinations for many projects in this space, because without it, the crypto would remain largely a means for tax evasion and money laundering. With all due respect to UCBI Banking, I can see that these people have put tremendous effort into bringing their ideas into light, I don't see them arriving at that destination, because they are still at the stage of concept development and presentation while others already have the fully (or at least partially) functioning ecosystems.
The idea of creating a blockchain-based banking system has been circling around for years, but not a single project seems to have made any significant progress in this regard. UCBI seem to have a viable idea, and they have proven it by hitting the softcap. But, once again, it is a very tough space they are about to enter, with plenty of regulatory troubles, so you would have to be 100% sure in this project to invest even 300 EUR.
We list the most relevant upcoming crypto market ICOs
Ledder presents a technology stack that may take may break the deadlock in the development of outdoor advertising. This technology company out of Hong Kong has invented the way to make billboard ads substantially more efficient in terms of electricity consumption.
412 days left
The emerging blockchain technology is slowly but surely infiltrating almost every industry there is. With innovative and improved solutions for all kinds of problems, this technology interests even those who are highly skeptical of cryptocurrencies.
15 days left
Pbet offers a fully-fledged blockchain solution for the gambling industry that serves the purpose of connecting brick-and-mortar establishments with the project’s proprietary online products.
30 days left
The need for a functional regulatory framework that would properly address digital currencies has been stronger than ever in countries around the world. While many governments and their...
The United States' securities regulator, the US SEC, has just released its annual report for the fiscal year 2019. According to the report, the regulator received...
Anyone who buys a lottery ticket dreams of hitting a massive jackpot, but very few have an actual plan of what they are going to do should the money land in the bank account. Nearly all of them...
In 2019, cryptocurrencies can be called the most popular financial instrument. High volatility of tokens creates a good potential for obtaining...
XRP, formerly known as Ripple, is the third-largest cryptocurrency by market cap, with a m.cap of $11.8 billion and a daily trading volume of $1.3 billion. Obviously, that makes XRP...
V Systems (VSYS) belongs to a cohort of freshly surfaced altcoins that holds great potential but is often overlooked by most experts and analysts. The coin currently resides...
UCBI: Global Blockchain Banking System UCBI is the London-based blockchain project that has a goal of creating a decentralized data bank that should bridge the gap between the crypto space and real economy, and provide users with access to innovative banking technology. The title of the project...
|1||Ledder||Aug 01||Dec 31|
|2||BitWings||Jun 03||Nov 30|
|3||Pbet||Jun 18||Dec 15|
|4||UCBI Banking||Oct 18||Jan 18|
|5||Cinemadrom||Feb 03||Apr 30|
|6||Yachtco||Aug 04||Feb 04|
|7||GOVEARN||Jun 23||Dec 31|
|8||BrandProtect||Apr 27||May 31|
|9||PointPay||Jul 22||Jul 22|
|10||WINBIX||Jul 01||Sep 28|