(NU) - More businesses andcountries worldwide are embrac-ing digital payments as a way tomake e-commerce more efficientand create a smoother transactionexperience for consumers. Digital wallets, such asuBUCK, offer a dollar-backed sta-ble token built on Wavesblockchain technology, one of thefastest blockchains available.uBUCK's technology allows forthe management of both digitaland traditional currency, and bothonline and offline purchasing pow-er. "Piloted by an all-star manage-ment team, uBUCK is looking be-yond carving out a niche to be-come a disruptive player in thisever-changing payments industry,"according to the company's web-site. The uBUCK digital wallet al-lows for instant transfers of funds,and unlike some digital wallets,uBUCK is not limited to the Unit-ed States. Transfers can occurglobally, with no transfer fees andno cost to the end user. The elimination of transfer feesis one of uBUCK's strongest sell-ing points, as it is an option forthose who don't have traditionalbank accounts, such as migrantworkers looking to send moneyhome, or for anyone else, such asparents sending money to kids at

college who want to avoid the ad-ditional fees associated with somefinancial transfers. Users of uBUCK can transferfunds, make online purchases, orwithdraw cash at an ATM, al-though reports on digital wallet usesuggest that the expanded technol-ogy may ultimately replace theneed for bank branches and ATMs. Sending money with uBUCKis a simple, four-step process: • Buy the voucher. Users down-load the uBUCK app and purchasea voucher. • Buy uBUCK cash. Users re-deem a PIN to purchase uBUCKcash. • Select recipient. Users with-out a uBUCK account will be in-vited to the app via email. • Send payment. Users can thenenter the payment amount, send,and confirm. "Our mission is to put honesty,transparency, and trust back intosoftware," according to AshikKarim, CEO of LiteLink Tech-nologies, the parent company ofuBUCK Technologies. LiteLinkwas recently featured in a Forbesmagazine article, "10 BlockchainCompanies to Watch in 2019." LiteLink is publicly traded onthe Canadian Securities Exchangeand OTC Markets. Their symbolsare CSE:LLT and OTC:LLNKF.

The Rise of Digital Walletsand Mobile Payments

MONEY

NewsUSA

NewsUSA