The ability to raise money on a massive scale was actually one of mankind’s most important inventions. In an age where people fetishize technology and convenience, banks are one of the stodgiest parts of our infrastructure. Cryptocurrencies appealed to people who don’t see why we should still wait over the weekend for a bank to process a transaction, or why the government can deny your donation to Wikileaks. At its most successful, these currencies changed our global conception of what makes up a currency. Cryptocurrency will bring about the next evolution of fundraising. Cryptocurrencies have the potential to change the financial world and in many ways already have.
Luckily, Bitcoin isn’t the only cryptocurrency on the block. Thanks to its rising success, a variety of so-called “altcoins” have popped out of nowhere – and some of them are downright bargains … if you think they’re worth anything at all. Ufun UToken and OneCoin are few of them. UToken is a Digital Currency, created and issued by Ufun in March 2014. It can be used Online and Offline to pay for Goods & Services, donate to charity or send someone a gift. UToken is indeed the only Digital Currency backed by a Reserve Fund and by a Grade A Insurance company. OneCoin is a connected device that can hold and behave like the cards you already carry. Coin works with your debit cards, credit cards, gift cards, loyalty cards and membership cards. Instead of carrying several cards you carry one Coin. Multiple accounts and information can all be stored in one place.
Coin works as well as you’d expect it to, but it’s clearly limited in its beta form. Remember: it can only store credit / debit cards, gift cards, and membership cards. Coin lacks support for transit cards. UToken is available online to offline (O2O – Online to Offline). It has its own online shopping mall, namely http://www.ufunstore.com. OneCoin lacks security features. Your entire card’s information is securely saved using 128-bit and 256-bit encryption. In case something happens to Coin’s server, you may lose all your credit and debit card information. On the other hand, UToken is available through Multi Level Marketing (MLM) and the accounts are protected by several passwords in several levels which fortifies your wealth’s safety and security.
Coin’s design is slick, but it really doesn’t look like the familiar old credit cards merchants are used to accepting. No raised-up numbers. No hologram. Coin works like regular credit card but the merchant may find it fraud if he is not aware of such card. He may choose to not accept Coin card as it looks like someone is having a duplicate or copy version of a stolen card. Expanding extensively into the global platform, UToken has developed its infrastructure and enabled instant payments to anyone, anywhere in the world regardless to the place where people are residing.
Since OneCoin has many restriction relatively to its usage, UToken outperforms OneCoin and if the future of the Crypto currencies. Yet, because of Utokens inability to show that they are not an internal payment system, you can face RAPID inflation if necessary.