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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.”

Crypto Firm Launches Uquid Shop: 30,000 Digital Products

The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies to be selected by Techcrunch back in 2017.

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

During the last week of May 2020, Uquid revealed the launch of the Uquid Shop and a global expansion that provides customers with “a large variety and diversity of services like mobile phone top-ups, insurance, electricity bills, grocery vouchers, pharmacy vouchers, TV bills, pin-less call, wifi recharge, bundles, gift cards, games, and software.” Uquid has also completed over 11 million transactions during its first year of operation.

“We’re extremely pleased and excited to announce the world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products. at shop.uquid.com,” Uquid announcement detailed. “With daily updates, Uquid digital shops offer up to a 60% discount. Also, Uquid provides some important services like top-ups, bill payments,” the company added.

Bitcoin Cash Offers Fast, Cheap, Reliable, Private, and Scalable Payments

The Uquid team has opted to leverage bitcoin cash (BCH) for crypto payments and the team explains that BCH is “fast, cheap, reliable, private, and offers scalability.” Uquid also accepts uquid (UQC), neo gas (GAS), Tether (USDT), xrp (XRP), neo (NEO) for crypto payments. Uquid further revealed that developers have been preparing for the launch for over a year.

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

“We are also pleased to receive the comments from experts and friends in the world of crypto and gamers,” Uquid’s blog post highlights. “Your support will be the motivation for us to continue to launch new products in the future.”

Uquid is also a resourceful system in developing countries like Indonesia. For instance, customers in Indonesia can pay for health insurance, pension insurance, life insurance, and accidental coverage as well. Residents from Indonesia can also pay their electrical bills through PLN.

“[The corporation] PLN is an Indonesian government-owned corporation which has a monopoly on electricity distribution in Indonesia and generates the majority of the country’s electrical power,” Uquid says. The company has provided services like bill payments, bundles, pinless services, transportation, vouchers, and insurance for quite some time. The newly added Uquid features include game cards, software, internet services, and certain subscriptions.

What do you think about the new features Uquid has added? Let us know in the comments section below.

The post Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support appeared first on Bitcoin News.



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