Providing Central Banks a turn-key solution within days not months.
Our technology allows you to issue a “Stablecoin” or digital version of your country’s fiat currency. These digital currencies are immediately interoperable with BitMinutes. We also collaborate with third-party providers and provide retail CBDC distribution through our global Trusted Agent Network. No one else in the world has this solution ready today for you.
UberFi provides your nation access to Global Liquidity to fund infrastructure and development. UberFi’s custom Central Bank Digital Currency (CBDC) is built to be the virtual representation of your fiat currency. It serves as the digital system of record and provides the unit of account (via tokens) tied on a 1:1 basis to the official currency issued and regulated by the respective monetary authority. UberFi developed CBDC may be built for wholesale and/or retail applications and applied to cross-border settlements.
Introducing BitMinutes.
Our Solution: Turnkey Central Bank Digital Currency (CBDC) | Retailer Eco-System for Digital Transformation and Beyond. 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.
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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.
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.
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 UberFi.
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.
Learn More About What We Have to OfferToday 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.
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.
The Harvard/Stanford led team at UberFi has developed a global infrastructure applying state-of-the-art fintech technologies to provide financial services to the two billion unbanked. We partnered with 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.
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.
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.
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.
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 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.
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.
UberFi Founder and CEO Tom Meredith will be speaking on “UberFi a Turnkey CBDC EcoSystem” tomorrow, November 23rd, at 9:30am. You can tune in to the virtual conference on LogyTalks by clicking this link here.
Read More →Meredith will speak about the rapidly evolving opportunities in digital currencies and their ancillary and/or complementary support systems. AUSTIN, TEXAS, UNITED STATES, October 26, 2022.
Read More →Tom Meredith, CEO UberFi. UberFi Lands $50 Million Commitment to Issue Stable Coins for African Nations. UberFi was founded in 2020 to provide Central Banks with a turn-key solution to issue a Stable coin or digital version of a country’s fiat currency.
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