LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) Has Created Quite Possibly the Fastest, Most Secure & Most Cost-Effective Digital Payment Platform EVER!
As the use of digital wallets and electronic payment methods continues to soar, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is debuting a P2P payment platform that is being deemed as the first serious threat to traditional banking options for money transfer and payments.
Up until now, no platform has been able to combine the right amounts of speed, security and cost-effectiveness to mount a real challenge to traditional banks.
IN THE NEWS
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- Forget The Banks: Digital Wallet And Virtual ATM Technologies Tap An Enormous Underbanked And Underserved Market
uBUCK is the world’s ONLY stable digital token that is backed dollar-for-dollar by the US dollar when it comes to PIN Voucher sales. This completely eliminates the typical volatility concerns that come with most digital currencies.
uBUCK can be instantly converted into US dollars, unlike traditional exchanges or money transfer businesses and comes with access to traditional payment methods through the proprietary uBUCK Visa, which is connected to the uBUCK Pay digital wallet —allowing users to pay bills, and withdraw money from ATMs wherever Visa is accepted around the globe.
uBUCK is a perfect vehicle for the crowds of people that will be looking to cash their bitcoin into cash right away, rather than selling on an exchange, which can be costly and time consuming.
Among the crowds of people dying for a better payment solution are esports gamers. Through a strategic partnership with Enthusiast Gaming (the largest publicly traded video game media and esports company in North America with 200 million monthly unique users), esports enthusiasts will have access to uBUCK’s leading digital wallet and payments platform as a commission-free and highly-secure alternative to traditional payment methods.
Now with three major deals in place,, a partnership with one of the largest loyalty rewards platform already with millions of users, and one of the largest esports gaming communities in the world, uBUCK is primed to capture a major market share in a very short amount of time.
But Wait, There’s More … uBuck is Also Targeting the Massive-Sized “Underbanked” and “Unbanked” Markets!
While the use of digital wallets and electronic payments has been exponentially on the rise around the world there has still remained a large segment of people who use mobile banking services very little or not at all – these are the “underbanked” and “unbanked.”
Let’s take a closer look at what is going on around the world.
First, we can see that society is quickly moving toward a cashless economy through statistics like these:
- In China, 583.4 million people are already using mobile payment transactions.
- Leading P2P digital payment company Venmo is expected to have 22.9 million US users by year’s end and Zelle is expected to have 27.4 million.
Now at the same time that mobile payments are becoming more common, there are still hundreds of millions of people around the world who are not using mobile banking to send money and pay bills (the “underbanked” and “unbanked”). In the US, this represents 25.2% of the population. That’s a staggering 32.6 million out of 129.3 million households!
According to a study by PYMNTS.com, “More than two in five of these underbanked households already use mobile banking to access their accounts. But only a quarter use a bank’s mobile website or mobile app to pay bills, and only about one in eight use a bank’s mobile website or mobile app to send money to other people. Using mobile bill pay or mobile person-to-person payments instead of cash or non-bank money orders increases safety and convenience, deepens the connection between households and their banks, and increases the opportunity for households to derive value from the banking relationship,” the study explained.
Now with the groundbreaking speed, security and cost-effectiveness of uBuck, the underbanked and unbanked will have even more incentive to embrace mobile payments.
Tested for international markets and easy, secure, and FREE transfers, uBUCK is truly offering a unique and appealing user experience that could potentially explode very soon.
In the first half of the year, the company attracted three major deals that potentially gives the platform access to millions of new users, 2019 could be a very lucrative year for uBUCK and its developers, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF).
Investors are already expressing a ton of interest in the uBUCK platform and its development as well, leading the company to conduct a non-brokered private placement of up to 8 million preferred shares for aggregate gross proceeds up to US$4 million.
The first tranche has already garnered $400,000 in gross proceeds and an additional US$1.1 million initial investment is expected by June 30, 2020.
Honing in on the UnBanked & UnderBanked Population in Los Angeles
Perhaps one of uBUCK’s most notable deals this year is with SPARE Inc., a virtual ATM network that allows users to convert their digital balance into cash at registered merchants without needing a debit card, credit card or brick & mortar bank.
SPARE’s CEO D’ontra Hughes made his claim to fame in April when he presented his company on Shark Tank and received a US$500,000 investment from billionaire investor Mark Cuban.
Over the last two and a half years, SPARE has signed on 2,5000 merchants across Los Angeles and now, thanks to a strategic alliance, these locations will be available for uBUCK customers to seamlessly convert their uBUCK into cash.
It makes sense why this market is an ideal target for digital payments services like uBUCK. Los Angeles is one of the highest unbanked populations of any metropolis, with more than half a million residents lacking access to a bank or credit union.
This strategic alliance with SPARE provides uBUCK customers with more options for converting their funds, widens the services available for a population that often pays exorbitant fees for basic financial services and falls in-line with uBUCK’s goal of serving unbanked and underbanked across North America and beyond.
Positioned to QUICKLY Capture the UnBanked & UnderBanked Market
Digital payments is a BIG business. With approximately 27.4 million users, Zelle processed over $199 Billion worth of payments, but these giants (see table below) do not serve the unbanked population. The lower income sector must rely on companies like Western Union to transfer funds to friends and family around the globe with and pay ridiculously high transfer fees with slow processing times.
Recently, uBUCK announced a strategic partnership with US prepaid platform, PreWay. Prior to the deal, all uBUCK users had to purchase vouchers digitally within the app. Now, through this agreement with PreWay, uBUCK gains access to over 7,000 convenience stores across the United States, where users can physically buy vouchers and redeem them to uBUCK in the app via a PIN number.
This new option is a revolutionary game changer for uBUCK—officially opening up the “unbanked” and “underbanked” in the United States to use the platform as a bank account and/or credit card with one simple purchase.
Should this step be repeatable in other international markets, the potential for welcoming in the underbanked could be enormous. Around the world, the proportion of the public unbanked or underbanked—lacking bank account—is surprisingly high.
According to World Bank, this population is globally significant (approximately 1.7 billion people).
Remittance transfer alone from the US to Mexico hit a record high of more than US $33 billion sent in 2018—to a country with an estimated 42 million lacking bank accounts.
India is both the second-largest population in the world, and the second largest unbanked population in the world. However, it is the largest receiving country in terms of remittances, having received over US$78.6 billion in 2018.
By catering to this incredibly large base of unbanked populations, and to their generous transfer senders, the uBUCK option provides significant revenue potential for LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF).
uBUCK Inks Loyalty Rewards Partner to Gain Access to Millions of Users Immediately
Almost immediately after the PreWay announcement, uBUCK announced an LOI with leading customer loyalty and data management company Datable Technology Corp. Under the terms of deal, uBUCK will integrate Datable’s loyalty and rewards program, PLATFORM3 into its digital payments platform, allowing uBUCK Pay account holders to earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Visa.
In turn, Datable will also be integrating uBUCK as a cash card Prepaid Credit Card offering within their client’s portals giving uBUCK access to millions of potential users.
Together, each party will be sharing their customers, which is a significant addition for uBUCK because of Datable’s relationships with major brands that include Universal Studios, General Mills, and Unilever.
“We believe that Datable is the #1 Rewards platform on the market. They continue to sign up well-known brands and we’re excited to be a part of their cash card offerings,” says James Youn, CEO of uBUCK. Mr. Youn also commented, “The uBUCK Pay platform will see immediate growth. Datable’s referrals will allow uBUCK to potentially gain access to millions of new users.”
“Datable provides consumers of Fortune 500 brands with access to over 300 digital gift cards from leading retailers including Starbucks, Walmart, and Target. The partnership with uBUCK provides Datable with a unique and flexible cash card offering that our brand customers are looking to provide to consumers as rewards for engagement,” says Robert Craig, CEO of Datable Technology.
There are even more reasons that uBUCK from LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is set to potentially disrupt the entire digital payments and e-wallets sector, through its unique fast, secure, and accessible platform.
LiteLink Now Offers Payment Solutions to the Trucking Industry
Apart from providing businesses and consumers with digital payment solutions, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is also serving the transportation and logistics industry through its flagship 1SHIFT logistics platform.
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) built the 1SHIFT platform to address some of the biggest problems faced by the industry, from communication barriers along the supply chain to driver availability.
The 1SHIFT platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) just announced that it is integrating uBUCK Pay technology into the 1SHIFT platform to provide to address the delayed payments issue that is prominent in the transportation industry.
“Many truckers are still being paid with paper cheques, which means payments can be delayed by weeks. By integrating uBUCK into the 1SHIFT platform, we are able to offer truckers their own digital wallet right at their fingertips, which will allow for instant payments,” said LiteLink CEO Ashik Karim.
Integrating uBUCK into 1SHIFT means drivers will get paid instantly following the completion of a job, which will also aid in driver retention, another huge issues within the trucking industry.
No Other Digital Platform is Backed by the US Dollar
Uniquely positioned from its competitors, the uBUCK Platform from LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) provides a digital wallet that allows users to send transfers around the world within seconds.
This is because uBUCK is the first-ever digital wallet to be built on Waves, the world’s fastest blockchain platform.
The Waves network recently set a blockchain speed record for maximum transactions per day and processed more transactions in 24 hours than any other open blockchain in existence, meaning uBUCK customers can send and receive funds faster than competing digital wallets and payment transfer services.
Unlike other digital currencies, the uBUCK doesn’t involve an exchange. Cryptocurrencies are notoriously difficult to trade since they require a tedious and sometimes costly exchange process. With uBUCK, the user can simply do a free token transfer.
Users will be able to purchase uBUCK PIN vouchers with either cash, credit or directly from their bank account which can then be converted back to uBUCK tokens. Each uBUCK token has US$1 deposited in trust that it’s attached to. These uBUCK tokens can then be transferred to other users or withdrawn using uBUCK’s Visa at NO COST TO THE USER.
The utility token-based wallet has all the advantages of a cryptocurrency with NONE of the disadvantages.
With international transfer fees becoming quite expensive, the free and secure transfer option given by uBUCK could very quickly incur rapid adoption. Users can withdraw fiat currency without a hassle, using the uBUCK Visa at any ATM.
uBUCK has the potential to financially enfranchise hundreds of millions who are currently left unserved or underserved by banking options. Usable for FREE transfers around the world, uBUCK tokens allow for users to use proprietary debit cards to withdraw cash and pay bills.
TODAY as the cryptocurrency market continues to climb, uBUCK gives users and holders of bitcoin and ethereum a safe, easy, and instant method to cash out their crypto into fiat currencies. This alone offers a major upgrade over the current method of cashing out, involving selling on exchanges, and waiting for payouts.
“It has the potential to really disrupt traditional banking when it comes to global money transfer options, and simultaneously empower the vulnerable global population usually ignored by traditional banking options”
- UBUCK Technologies Announces Non-Brokered Private Placement Of Up To US$4 Million
- UBUCK Technologies Signs Definitive Commercial Agreement With Datable Technology Corp.
- LiteLink Signs Trial And Customer Agreement With Large Canadian Nursery Leader, Strengthening Its Position In The Live Product Logistics Industry
Transfers with uBUCK Pay are FREE and SECURE
uBUCK from developers LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) is advantaged by its FREE and SECURE transfers. In comparison, the two largest international transferring houses (Western Union and PayPal) have very high fees.
To transfer uBUCK tokens is not only free, but instantaneous—no matter the distance. Whereas for a receiver of funds through Western Union or PayPal, transfers can take hours to days for funds to be released.
Not all free transfers are secure, either, as two of the major transfer platforms have gained notoriety for scams and hacks. Problems continue to arise for popular platforms, such as Zelle and Venmo.
Due to its decentralized architecture, and a distributed ledger (using world record fastest blockchain platform, Waves), uBUCK is nearly impossible to hack. In order to hack the system, the malevolent party would have to hack each and every device (“node”) that contains the ledger.
The uBUCK Pay platform offers multi-factor authentication, biometric and device verification, SSL encryption and Visa SecureCode. The system ensures that no one but the user has access to the wallet, even with the user’s device and one of the user’s passwords.
This arrangement ensures the highest level of security of its kind, unparalleled in other banking options in the market—both traditional and e-wallets.
Once customers become aware of this option that’s among the safest available, this could be a tipping point for users of other services to switch to uBUCK.
In the gaming world, esports enthusiasts are now able to use the uBUCK digital wallet and payments platform, under the moniker “Streambucks”, which is specific to the esports industry. As part of the sponsorship, uBUCK will facilitate the transfer of the prize funds to the winners of the tournament.
Through this connection, uBUCK’s userbase will be infused with access to the Enthusiast’s publisher network that currently reaches over 150 million monthly visitors across 85 gaming related websites, with an additional 50 million monthly visitors from 900 gaming YouTube channels.
The Streambucks app gives users the ability to purchase products with a debit card, transfer payments, and make donations to their favourite streamers and gamers.
“This partnership with Enthusiast Gaming will give uBUCK access to a large and targeted esports audience, making this the perfect opportunity to market our newly created payment solution to what we feel is an ideal demographic,“ said uBUCK CEO, James Youn. “We are confident that Streambucks will be well-received and look forward to playing a key role in the rapidly growing esports industry.”
Managed by Skilled Veterans of the Industry
As one of its top subsidiaries, LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) strategically has left uBUCK in the hands of some of the best in the industry—including blockchain, advance payments, and digital currencies experts.
Ashik Karim: Mr. Karim is the CEO of parent company LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF). He has over 2 decades of global technology leadership experience in the telecommunications & high tech sectors driving change on how enterprises use business technology. He has taken several software platforms through full commercial use with large clients such as TELUS, Wind Mobile, and MDA. In the second half of his career, Mr. Karim furthered his portfolio by focusing on start-ups that disrupt enterprise software & consulting companies with AI, blockchain and leading emerging technologies. With his balance of start-up and enterprise platform industry commercialization experience, Mr. Karim brings the right strategy and tactical focus to this business.
James Youn: Leading the company as Chief Executive Officer of uBUCK, James Youn brings over 10 years of capital markets and finance experience. Youn started on the sell side with TD Asset Management and RBC Capital Markets, before moving to the buy-side where he became an expert in alternative investments. He has shared his knowledge throughout the sector, having been published in numerous periodicals, including the Institutional Investor’s “Journal of Alternative Investments”. Having acquired expert knowledge in blockchain, James Youn is not only a finance expert but a digital finance expert.
Greg Bauer: Joining Youn is Chief Operating Officer, Greg Bauer, who has been a serial entrepreneur with over 30 years of experience building results-based businesses. Bauer recently served as CEO of Gopher, an advance payment system with over $75 million in revenue. He has also served as an Executive Director for PreWay, which brings valuable access to an outlet for uBUCK vouchers. This relationship has already yielded an LOI with PreWay for the company. Bauer is also highly knowledgable about alternative financial services, as an ongoing member of the AFPA (Alternative Financial Service Provider Association).
1. CIRCUMVENTING BANKS AND ENFRANCHISING THE UNBANKABLE:Through its instant, free, and secure abilities to transfer funds, and its innovative e-wallet technology, uBUCK has the potential to enfranchise potentially hundreds of millions of unbanked people around the world. By lubricating the remittance market of users sending money from one country to another, the platform is boosting a rapidly growing economy of people moving away from traditional banks to a future cashless society.
2. STRATEGIC PARTNERSHIPS FOR RAPID MARKET CAPTURE:Through two recently announced deals, uBUCK has made two very strategic moves that could potentially result in explosive user growth. The first was a partnership with PreWay, giving uBUCK access to 7,000 convenience stores, and opening up physical purchases of vouchers and further enfranchising the unbanked. Next is the incorporation of Datable’s PLATFORM3 loyalty rewards program, immediately exposing uBUCK to potentially millions of new users. Most recently, through a partnership with Enthusiast esports gaming, uBUCK (under the name Streambucks) instantly gains access to over 100 million monthly visitors. Together, the new partnerships open uBUCK to far more markets, customers, and future partnerships.
3. FREE AND SECURE TRANSFERS:In comparison to the largest money transfer services on the planet (EXPENSIVE), uBUCK is far more affordable (FREE). Transfers through the platform are instantaneous and delivered with a security standard, unlike its closest competitors. Due to its decentralized nature, uBUCK Pay is practically impossible to hack, the platform practically reduces the threat of theft and scams, as well as the transfer cost down to ZERO.
4. VETERAN TEAM OF DIGITAL CURRENCY AND PAYMENT EXPERTS:Leading the way for the LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) subsidiary uBUCK is an experienced team of blockchain, advance payments, and digital currencies experts. Industry experts Chairman, Ashik Karim, CEO James Youn, COO Greg Bauer, and Strategic Advisor Samir Bandali lead the way with their extensive knowledge and invaluable streams of relationships developed within the industry. Already the team has established an impressive amount of crucial deals, including with PreWay and CoinPayments.