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Digital Cash is Here to Stay Saying Bye Bye Conventional Wallets

FN Media Group Presents Microsmallcap.com Market Commentary


News provided by

Microsmallcap.com

14 May, 2019, 12:55 GMT

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NEW YORK, May 14, 2019 /PRNewswire/ -- For decades, payments companies such as PayPal (NASDAQ:PYPL) and banks have overcharged consumers with expensive transaction and transfer fees. P2P payment giant Alipay, owned by Alibaba (NYSE: BABA) is free for smaller users but can grow to 1.2% depending on your transaction volume. But, even with Alipay, global transfers are restricted, tightly controlled and monitored by the Chinese government. Even with the new TransferWise service, consumers can't seem to escape processing fees. And it's not just traditional currencies that suffer from high transfer fees. Cryptocurrencies like Bitcoin and Ethereum charge steep fees when it comes to cashing out to fiat money. Riot Blockchain, Inc. (NASDAQ:RIOT) announced plans to launch a regulated crypto exchange in the U.S., in the wake of a recent massive rally enjoyed by Crypto. Litelink Technologies Inc. (CSE:LLT) (OTC:LLNKF)'s wholly owned subsidiary uBUCK Technologies SEZC is about to revolutionize the digital payments industry and allows consumers to earn rewards via an integration of Datable Technology Corp.'s (TSX-V:DAC) (OTC:TTMZF) loyalty program.

uBUCK could change the rules forever with the coming launch of uBUCK Pay, the world's first worldwide decentralized online payments platform offering a stable token with a pin voucher solution that serves as a payment alternative for consumers, businesses and merchants. Users of uBUCK Pay will now be able to transfer uBUCK cash to friends, family, vendors and business associates around the world — all without paying a single penny in transfer fees.

Worldwide money transfers are instantly processed in near real-time and are 100% free on this platform. This is essentially the holy grail of overseas transfers that countless people and multinational businesses around the world have been seeking since the dawn of globalization, and that new technologies such as cryptocurrencies could never truly deliver on.

In fact, free worldwide money transfers make Litelink Technologies Inc.'s (CSE:LLT) (OTCPK:LLNKF) uBUCK a game-changing platform with true disruptive potential. Catering to fiat and crypto, this platform is open to users across the spectrum.

The company has just signed an agreement to integrate the loyalty and rewards program of Datable Technology Corp.'s (TSX-V:DAC) (OTCPK:TTMZF)into the uBUCK Pay platform. This would effectively allow account holders of uBUCK Pay to earn rewards for every purchase and payment they make within the uBUCK Pay digital wallet or on their uBUCK Mastercard, another bonus to uBUCK's payment convenience.

The beauty of this platform lies in the U.S. dollar backed stable tokens called uBUCK cash. Being a stable utility token makes it incredibly flexible and secure, allowing users to transfer funds worldwide, shop anywhere in the world and earn points while they're at it. Built on the decentralized, distributed ledger of the record-breaking fast Waves blockchain platform, it enjoys the same security as Crypto but none of the volatility thanks to being a stable token.

With uBUCK, you can shop with your virtual multi-currency wallet or a physical card. Users can use their uBUCK Black Elite Mastercard online or offline anywhere Mastercard is accepted. Such an offering easily beats out any and all payment competitors, including digital payments platforms such as cryptocurrencies, Alibaba's Alipay, Western Union, PayPal or PayPal subsidiary Venmo.

Truly Disruptive Fintech

International fund transfers have always been difficult. Chinese digital wallets such as WeChat Pay or Alibaba (NYSE: BABA)'s Alipay payment service, are highly convenient – particularly within Mainland China and areas with a large Chinese diaspora. However, international transfers for Alipay are limited to 30,000RMB (USD $4,361), with a fee of 50RMB (USD $7.27) per transfer. WeChat has even stricter limits. In addition, only Chinese citizens are allowed to send money through the app—at least for now. Meanwhile, PayPal (NASDAQ:PYPL) charges $4.99 for international transfers plus another 2.9% plus 30 cents per transaction if funded by a credit or debit card. Paypal also charges 1% of the amount transferred, up to a $10 maximum for instant transfers with an eligible linked debit card.

Blockchain-based cryptocurrencies such as Bitcoin have held the promise of secure, cheap and quick transfers, but the bitcoin network is slow and their blockchain fees can get very expensive if there is congestion on the network. Cryptocurrency is notoriously difficult for fiat withdrawals given you have to go through the exchange like that being offered by RIOT Blockchain (NASDAQ:RIOT), which can take anywhere from four to fourteen days. With the recent rally in Crypto, users looking to cash out on their coins can simply purchase uBUCK cash and immediately convert it to U.S. dollars.

Another problem with transferring money using cryptocurrencies is volatility. The value of the most popular cryptocurrency coins and tokens fluctuate wildly over time, as they are not asset-backed or stable tokens, and are traded primarily by speculators on digital currency exchanges. Unlike cryptocurrencies, uBUCK is not mineable or tradeable, and its value is backed by the U.S. dollar through pin voucher sales. When users buy uBUCK vouchers, the funds are held in trust, until the user wishes to load their uBUCK Mastercard. uBUCK, therefore, will never fluctuate in price.

Loyalty Rewards to Sweeten an Already Sweet Deal

With uBUCK's newest strategic partnership with Datable, the potential market exposure of uBUCK will increase a thousand-fold. Considered the top rewards platform on the market, Datable currently features over 30 brands such as Universal, General Mills, Unilever, and Toro. Under the terms of the latest letter of intent with Datable, the uBUCK prepaid cash card will be featured as a reward for consumers to purchase with their points inside every one of Datable's client portals.

As uBUCK charges a transaction fee for each purchase, Datable will be sharing the revenue from these transaction fees and card sales. Meanwhile, Datable's referrals will allow uBUCK to potentially gain access to millions of new users who frequent their portals.

The introduction of Datable's customer loyalty and rewards program both encourages adoption and fulfills a key marketing function – introducing the tokens to the market via a rewards program they are familiar with. According to Reuters, 80% of Americans already belong to some type of loyalty rewards program, with U.S. consumers holding a whopping 3.8 billion memberships in customer loyalty programs.

It's clear that rewards programs have become an incredibly popular feature for even new tech brands, as they offer a loyalty incentive for customers to continue using the service, while consumers and shoppers receive a value-added bonus for something they were already going to do.

PayTM's digital wallet has been largely successful due to its customer rewards program.  The company is raising up to USD $2 billion at an $18 billion valuation. The fact that loyalty programs continue to grow despite having been around for so long shows that these systems are demonstrably effective, and can have a significant impact on the bottom line.

Litelink Technologies Inc.'s (LLT- LLNKF) uBUCK platform stands to absorb a potential influx of new customers upon its launch. It's also something that other digital payment platforms have never offered, which is why loyalty rewards should give uBUCK Technologies SEZC the clear edge in the fight to become a dominant player in the P2P digital payment space.

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

Disclaimer:  Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated forty four hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of LiteLink Technologies Inc.

 FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

Media Contact:
FN Media Group, LLC
info@financialnewsmedia.com 
+1(561)325-8757

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