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LiteLink Tech | Digital Wallet and Virtual ATM Technologies

After more than 50 years of dominating retail banking, ATMs might finally be on their way out—and a new force of disruption pushing its way in. The global rise in mobile payment platforms such as PayPal Holdings (NASDAQ:PYPL)’s Venmo and Square, Inc. (NYSE:SQ)’s Cash app has led to a steady decline in automated teller machines (ATMs) around the world. This has impacted traditional ATM companies such as NCR (NYSE:NCR) and Fiserv (NASDAQ:FISV). Whereas banks are now trying to keep up by rolling out ATMs with increased capabilities and “eATMs” featuring tablet-like screens and cardless access, a Mark Cuban-invested offering developed by startup Mercuri Systems—Spare CS, Inc.—aims to bypass the banking system altogether through “virtual ATM” services to tap the enormous underbanked population in the United States and the world. With a recent feature on “Shark Tank,” Spare is working on expanding their offering , having inked a deal with Litelink Technologies Inc. (CSE:LLT) (OTC:LLNKF) subsidiary uBUCK Tech to bring their virtual ATM capabilities to the revolutionary uBUCK Pay platform.

ATMs in steady decline

Spare comes at just the right moment in banking history. In our new world of digital money, the decline of ATMs has caused numbers to drop by 1% in 2018 to 3.24m, according to banking consultancy RBR. This downturn is now affecting the world’s largest markets, including China, the United States, Japan and Brazil, while growth in India has slowed significantly. ATM makers such as NCR (NYSE:NCR), a payments company that’s heavily leveraged in cash transactions, is suffering as a result. NCR (NYSE:NCR), which currently controls 27% of the global ATM market, put itself up for sale in May, attracting two bidders who subsequently walked away. There are no new bidders on the horizon. Meanwhile, financial services technology company Fiserv (NASDAQ:FISV), which connects over 412,000 ATMs in 50 US states through Accel, has actively branched out beyond its traditional ATM services business. In one of the largest deals in the history of digital payments, Fiserv (NASDAQ:FISV) recently announced plans to buy payment processor First Data for $22-billion in an all-stock deal.

While the rise of digital payments has impacted the popularity of ATMs, another pain point stems from the expensive convenience fees that out-of-network consumers are charged per withdrawal. Spare’s CEO D’ontra Hughes was himself frustrated at failing to find an ATM affiliated with his bank to avoid these high fees. He subsequently developed the Spare app, which allows users to withdraw cash at one of over 2,500 participating merchants in Los Angeles without needing a debit card, credit card, or a brick and mortar bank.

Spare is remarkably easy to use. First, users link their bank account to the app and enter the amount they wish to withdraw. Spare then populates its in-app map with merchants nearby that are willing to hand users money straight from the cash register, if they’re shown a one-time PIN. Users would pay a convenience fee depending on the merchant—invariably lower than the charges from third-party ATMs, which averages out at a pricey $4.69 in the United States for an out-of-network withdrawal.

Mark Cuban Invests in the Underbanked

The startup is starting to attract some major names. This year, Spare was featured on ABC entrepreneur reality TV series “Shark Tank,” impressing billionaire Mark Cuban to the point in which he invested $500,000 in Hughes’s offering. Specifically, Cuban saw the potential of Spare to access the world’s unbanked and underbanked (yet mobile connected) customers—an enormous untapped market.

According to the Federal Reserve, the underbanked accounts for 22% of US households, as well as roughly one-third of the world population. Cuban understood this demographic all too well, having been too broke to even open up a bank account when he first graduated. “You needed to have 200 bucks,” he recalled. “You needed this, you needed that. They didn’t give me one.” To Cuban, the banking system loaded the dice in favour of the rich, and Spare could turn this around.

Now, Spare’s latest deal with Litelink Technologies Inc. (CSE:LLT) (OTC:LLNKF) on the uBUCK digital wallet platform puts Mark Cuban’s vision one step closer—effectively levelling the financial playing field for the underbanked. Paired with Litelink Technologies Inc. (CSE:LLT) (OTC:LLNKF)’s uBUCK Pay, Spare’s app solution now offers under-privileged and underbanked consumers more options to deposit and withdraw their cash, transfer money, and make online and offline purchases. Through the platform, users don’t need to maintain a minimum bank account balance, nor do they have to pay the high fees charged by banks, ATMs and even mobile payment services such as PayPal (NASDAQ:PYPL).

That’s because Americans who want to use a service like uBUCK won’t need a bank account at all. Having recently partnered with US prepaid platform PreWay, uBUCK will be able to offer its customers the option of buying uBUCK vouchers at any one of roughly 7,000 convenience stores across the United States using cash. The partnership will allow uBUCK users to purchase vouchers at their convenience store and then withdraw their cash at a registered Spare merchant, all without interacting with a bank.

The World’s Most Accessible Digital Wallet

Litelink Technologies Inc. (CSE:LLT) (OTC:LLNKF)’s subsidiary uBUCK platform is just as potentially world-changing as the Spare app. As a global decentralized online payments platform and pin voucher solution, uBUCK is a viable payment alternative for consumers, businesses and merchants. uBUCK acts as a digital wallet app that manages digital and traditional currency and allows users to transfer uBUCK cash to friends, family, vendors and business associates around the world—all without paying a single penny in transfer fees, commissions or hidden charges.

Free overseas transfers is a ground-breaking concept on its own. For decades, countless individuals and multinational businesses have clamoured for 100% free, instantaneous and secure worldwide money transfers. PayPal (NASDAQ:PYPL)’s fees for international transfers and fees can get quite hefty, while banks and other services charge absurd fees for most wire transfers. Payment platforms such as PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) have also rolled out mobile payment services Venmo and Cash app, but these services can be slow and limited, however, and inhibit international money transfers. Neither Venmo or Square (NYSE:SQ)’s Cash app supports international cash transfers. uBUCK users can make transfers anywhere around the globe and are secure and instantaneous.

By integrating with Spare—which will provide its QR code processing technology—uBUCK could well become the most accessible digital wallet in the world. This latest deal with Spare ensures that American users of uBUCK can also get their cash out in even more places than traditional prepaid cards, through Spare’s “virtual ATM” capabilities.

Meanwhile, the benefits of using uBUCK continue to pile up. Recently, Litelink Technologies Inc. (CSE:LLT) (OTC:LLNKF) subsidiary uBUCK signed a deal with Datable Technology to integrate PLATFORM³, Datable’s loyalty and rewards program into uBUCK’s digital payments platform. This lets uBUCK Pay’s account holders to also earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard. Considered the top rewards platform on the market, Datable features over 30 Fortune brands such as Universal, General Mills, Unilever and Toro.

All this means that underbanked consumers now finally have a viable alternative. For decades, banks have underserved a large proportion of the market, while unfairly punishing consumers with hefty fees. New technologies such as Spare and uBUCK promise to change all of this, and signals that the financial industry could finally undergo some serious disruption.

For a free research report on LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF), visit microsmallcap.com

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LiteLink Enters Into Strategic Alliance with SPARE to Bring the Virtual ATM Network to uBUCK Customers in the US

VANCOUVER, British Columbia, June 24, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a key player in logistics platforms and payment solutions, is pleased to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”) has signed a strategic alliance with Spare CS, Inc. (“SPARE”) to bring virtual ATM capabilities to uBUCK customers.

SPARE is a mobile ATM app that allows users to convert their digital balance into cash at registered merchants without the need for a debit card, credit card, or a brick and mortar bank.

The agreement will see SPARE provide QR code processing technology to uBUCK, giving uBUCK customers the ability to seamlessly convert their uBUCK into cash at 2,500 participating merchants in Los Angeles.

“We are extremely excited to partner with SPARE, a fintech startup that recently received a vote of confidence in the form of a $500,000 investment from Mark Cuban on Shark Tank,” said uBUCK CEO James Youn. “This alliance will not only provide uBUCK customers with more options for converting their funds, but it also aligns with our goal of serving the unbanked and underbanked communities.”

SPARE gives merchants the ability to convert their cash registers into an ATM, increasing revenue and foot traffic. For customers, it offers a more secure, convenient and affordable option for dispensing cash.

“We see a great opportunity in the strategic alliance with uBUCK, and digital wallets alike, that aim to serve the unbanked and underbanked populations of the world,” said SPARE CEO D’ontra Hughes. “We see such strategic alliances as integral to the widening of services for groups of the population that often pay exorbitant fees for some of the most basic financial services. We are honored to extend our service to users of a platform that can greatly benefit from our network and its ever-growing expansion across the United States.”

About LiteLink Technologies Inc.

LiteLink Technologies Inc.(CSE:LLT)(FRA:C0B)(OTC:LLNKF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. For more information about LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in decentralized digital payments and wallets. uBUCK Pay and Streambucks are P2P payment platforms offering consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payment methods. uBUCK and Streambucks are stable utility tokens that are backed by the U.S. dollar via pin voucher purchases within the uBUCK Pay app or at participating resellers. Customers may load a uBUCK debit card and make online and offline purchases and send payments around the world for free.

About Spare CS, Inc.

SPARE is a cardless, “free to withdraw,” virtual ATM network, that effectively turns any business into an ‘STM,’ or ‘SPARE Teller Merchant’ who support the network by dispensing cash from the point-of-sale system to users who request cash outs from SPARE’s mobile application. The network provides users with immediate access to cash while eliminating withdrawal fees and helps to build community by increasing foot traffic to local merchants and creating peer-to-peer exchange rather than person-to-machine exchange.  Using patented mobile technology, SPARE allows users to enter any participating location and withdraw cash in seconds and for free by tapping their mobile device on the countertop chip reader.  No debit or credit card is required, as users may access funds from a growing range of services which today include any debit or credit card as well as Apple Pay, Google Pay, PayPal, Venmo Debit, CashApp Debit, and Coinbase wallets.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B) (OTC:LLNKF), and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (CSE:BAXS) (FRA:C0B) visit cryptocurrencynews.com.

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LiteLink Technologies Signs MOU with InstaPay to Offer Freight Factoring to 1SHIFT Logistics Customers

VANCOUVER, British Columbia, May 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:BAXS) (FRA: C0B) , a leader in logistics, artificial intelligence and digital payment solutions, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with InstaPay Flexible LLC (“InstaPay”) to offer freight factoring to 1SHIFT customers.

The deal will see InstaPay offer factoring services to 1SHIFT Logistics customers in order to ensure shipments managed through the platform are promptly settled.

1SHIFT will automatically forward qualify loads with proof of delivery to InstaPay, who will, in turn, advance payment to the carrier the same-day and distribute a carrier defined percentage to the truck driver.

“We are very excited to have the ability to offer advanced same-day payments to our 1SHIFT customers and alleviate one of the major issues plaguing the trucking industry,” said CEO of LiteLink, Ashik Karim. “The addition of freight factoring into 1SHIFT logistics ecosystem makes the platform a true end-to-end management solution that will completely change how the transportation and logistics industry does business.”

1SHIFT powered by uBUCK is an end-to-end logistics management solution that enables real-time transparency and tracking as well as peer feedback and regulation.

InstaPay is a leading digital factoring service with a 3% or less flat factoring fee. The company helps carriers receive payments from clients within 24 hours. With an online portal and dedicated customer support, the factoring process with InstaPay is hassle-free. No contract lock-up means that carriers have options – there is no monthly minimum threshold, allowing carriers to decide if they factor an individual load or not.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:BAXS) (FRA: C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

About InstaPay Flexible LLC

InstaPay is a tech-focused factoring company based in Austin, Texas, which offers financial solutions for American carriers and freight brokers. Their mission is to help businesses access working capital quickly and hassle-free so they can achieve their goals. InstaPay takes pride in both their innovative technology applications and the high degree of customer satisfaction they deliver.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (CSE:BAXS) (FRA: C0B) visit cryptocurrencynews.com.

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Why the uBUCK Pay App Offers So Much More Than Any Other Digital Wallet

The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers.

One company that has created an impressive mobile wallet that offers a ton of great features is LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF). LiteLink just announced the closed beta launch of its uBUCK Pay App, a digital wallet and payment solution that serves as a payment alternative for consumers and merchants.

But uBUCK Pay offers much more than any other digital payments platform.

The uBUCK platform will allow customers to make online purchases at supported bars, stores, and restaurants, and customers will also be able to withdraw cash at ATMs and send transfers around the world within seconds without having to pay any transfer fees. And now, following a strategic partnership with Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF), the service gives customers the ability to earn rewards for payments and purchases made within the uBUCK Pay digital wallet or with their uBUCK Mastercard.

uBUCK Pay and Datable Integrated Loyalty Program

uBUCK will be integrating Datable’s loyalty and rewards program PLATFORM³ into its digital platform to reward customers for purchasing, viewing content, referring friends, sharing content via social media, and completing surveys.

Datable provides consumers with access to over 300 digital gift cards from leading retailers like Starbucks, Target, and Walmart. The partnership will also see uBUCK prepaid credit cards added as a prepaid cash card reward that consumers can purchase with their points on Datable’s client’s portals.

Serving Unbanked and Underbanked Communities

Another feature that sets uBUCK Pay apart from the competition is accessibility. Unlike other payment solutions, uBUCK Pay offers a distribution method that isn’t found elsewhere in the digital payment space, allowing uBUCK to serve the underbanked community in North America, which accounts for nearly six million Canadians and 32.6 million Americans.

To better serve this group, uBUCK has partnered with US prepaid platform PreWay, which gives customers the option to purchase uBUCK vouchers at roughly 7,000 convenience stores across the United States using cash.

Having the option to buy uBUCK vouchers in-store with cash will mean consumers don’t have to wait in long lineups to purchase items or pay bills. What’s more, loading up a prepaid Mastercard will allow customers to make online purchases, which otherwise wouldn’t be possible.

Moving forward, uBUCK will be rolling out its service to the Philippines, where 77% of the population is unbanked, and in Southeast Asia, where only 47% of the population have a bank account.

Bringing Payment Solutions to the eSports Industry

uBUCK is also catering to the burgeoning eSports gaming industry with its newly launched second brand, Streambucks, a secure, easy-to-use payment solution that is catered specifically to eGamers.

Streambucks will give uBUCK Tech the opportunity to sponsor eGaming tournaments and offer prize pools in the form of Streambucks. Streambucks can then be used to purchase products in the Streambucks marketplace, convert into US dollars to load a prepaid debit card, and send payments around the world for free.

Official Payment Sponsor of EGLX 2019

Days after revealing the launch of Streambucks, uBUCK announced that it has signed a Letter of Intent (LOI) with Enthusiast Gaming Holdings (TSXV:EGLX) (OTCQB:EGHIF) to make Streambucks the official payment sponsor at the Enthusiast Gaming Live Expo (EGLX).

This is a very strategic move for uBUCK to gain access to its new target demographic, as EGLX is the largest video game expo in Canada, attracting roughly 55,000 attendees in 2018.

uBUCK will be engaging Enthusiast Gaming to create strategic advertising programs across its digital publisher network, which reaches over 75 million visitors across 85 gaming related websites monthly and 50 million monthly visitors from 900 gaming YouTube channels.

The partnership will give uBUCK access to a targeted eSports demographic through Enthusiast Gaming’s engaged network of gaming enthusiasts in order to help promote its platform of payment solutions and build brand awareness.

Offering Record-Breaking Transaction Speed

As mentioned, uBUCK Pay will allow users to send transfers instantaneously. This is because uBUCK Pay is the world’s first US dollar-backed stable token built on Waves, the world’s fastest blockchain platform.

The Waves network has set a blockchain speed record for maximum transactions per day. What’s more, Waves processed more transactions in a 24-hour period than any other open blockchain in existence. This means uBUCK customers are able to send and receive funds much faster than any competing digital wallets and payment transfer services.

Offering a Highly Secure Payment Solution

In this day and age, privacy is basically non-existent, meaning security is essential when it comes to protecting our funds. Decentralized apps like uBUCK Pay can enhance security, as well as speed up money management, transfer, and lending by eliminating middlemen.

This is because uBUCK runs on a P2P network of computers rather than a single server or a centralized cluster of servers. To ensure optimal security, uBUCK Pay offers multi-factor authentication, biometric and device verification, SSL encryption, and Mastercard SecureCode.

No Transfer Fees

Perhaps the most attractive feature for consumers is that uBUCK Pay has zero transfer fees, meaning anyone can send funds to family and friends around the globe without the regular hefty fee.

Anyone who has tried services like Western Union or PayPal know that these services often charge high fees for sending money out of the country. What’s more, these services can take three to five business days to send your funds.

With uBUCK Pay, customers can send transfers instantly all around the world without paying any transfer fees. All the recipient needs to do is sign up for the app, and the funds will be sent to them directly.

This is huge if you consider that an estimated $625 billion was sent in 2017 by migrants to their home countries, $148 billion of which came from the US alone.

Featured Image: LiteLink Technologies

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Movement Toward a Cashless Economy Set to Take a Big Leap Forward With Introduction of uBuck Pay!

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.


First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


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.

But LiteLink Technologies Inc.’s (CSE:LLT) (OTC:LLNKF) uBuck platform is widely considered to be way ahead of its competitors in terms of speed, cost-efficiency, and soon availability.

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 MasterCard, which is connected to the uBUCK Pay digital wallet —allowing users to pay bills, and withdraw money from ATMs wherever MasterCard is accepted around the globe.

Perhaps the most important factor during this cryptocurrency rally for uBUCK is that this Stable Token gives users the ability to instantly cash out their bitcoin, ethereum and other cryptocurrencies.

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 with cryptocurrency to cash out are Esports gamers. Through a strategic partnership with LiteLink Technologies Inc.’s (CSE:LLT) (OTC:LLNKF) (the largest publicly traded video game media and Esports company in North America with 150 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 compared to traditional payment methods.

Now with three major partnership deals in place for both physical purchases, a 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.”

LiteLink Technologies Inc.’s (CSE:LLT) (OTC:LLNKF) uBuck platform aims to give these markets fast, easy access to free transfers.


First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


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[1] 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.

The month of May 2019 has already seen the company attract two 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).

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.

* raised $30 million in 2014
** raised $2 billion
Statistics as of May 17, 2019

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[1], 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[2]—to a country with an estimated 42 million lacking bank accounts[3].

India is both the second-largest population in the world, and the second largest unbanked population in the world[4]. However, it is the largest receiving country in terms of remittances, having received over US$78.6 billion in 2018.[5]

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 Mastercard.

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, 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.

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 stable digital token, backed by the US dollar with PIN voucher sales—no other group can say this.

The utility token (or uBUCK) is backed with, and instantly convertible to the USD, making the currency absolutely stable. This factor alone significantly raises uBUCK’s credibility and avoids perhaps the biggest pitfall in cryptocurrency today—volatility and difficulty converting to Fiat.

Other attempts at stable digital currencies have fluctuated close to the value of the US dollar, but until now none have truly been redeemed for exactly $1 for $1 in value.

The uBUCK utilizes the 2018 record-breaking blockchain platform Waves[6]. There is currently no faster blockchain in existence.

Speed, accuracy, and cost-effectiveness allow uBUCK to be one of the most stable cryptocurrency options in existence.

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 can purchase uBUCK vouchers with either cash, credit, bitcoin or ethereum, 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 mastercards 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 MasterCard 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.


First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


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”

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[7]and Venmo[8].

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 MasterCard 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.

Here’s a quick look at some of the key figures behind the team in charge of LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) subsidiary, uBUCK:

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).

 Samir Bandali: Serving as an essential Strategic Advisor for uBuck, Samir Bandali brings invaluable relationships he has developed over his career. As the current Director of Strategic Partnerships for the digital clearinghouse CoinPayments, Bandali has already delivered an invaluable strategic partnership between them and uBUCK. An expert in global merchant acquisitions, and a passionate advocate for cryptocurrency since 2015, Bandali brings a wealth of experience and relationships to the team, and will perhaps most importantly aid the company’s expansion into emerging markets.

1

 

THE ONLY STABLE DIGITAL TOKEN BACKED BY THE US DOLLAR:

Unlike any other digital token available, uBUCK is strictly linked to the US Dollar and converted instantly in real-time. Built upon the current world’s fastest blockchain technology (Waves), uBUCK is able to accurately deliver dollar-for-dollar pricing on its tokens in a way that no other competitor can. This eliminates digital volatility, while also allowing users to seamlessly convert their payments in fiat currency—ie. cold, hard, cash!

2

 

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.

3

 

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.

4

 

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.

5

 

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.



First Mover Fintech Company
Litelink Technologies Inc.’s uBUCK Platform Displacing Banks
Get Their Latest Press Releases Delivered To Your Inbox


[1]https://www.google.com/url?q=https://www.statista.com/statistics/278487/number-of-mobile-payment-users-in-china/&sa=D&ust=1557944175541000&usg=AFQjCNHIO27upgSrqNverwPo2oJg25nmrw
[2]https://globalfindex.worldbank.org/sites/globalfindex/files/chapters/2017%20Findex%20full%20report_chapter2.pdf

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