The Kubo

What is The Kubo

Kubo Wants to Fill in the Gaps

Kubo’s primary focus will be on building an ecosystem for retailers and vendors, with the goal of giving them a seamless, instantaneous and inexpensive payment alternative to fiat transactions. To begin with, the ecosystem will be developed for the Asian and European markets, with the US market soon to follow.

Asia in particular stands as a lucrative market for cryptocurrency-based transactions, as the region has an abundance of individuals who lack the basic documentation to possess a bank account and, as a result, cannot participate in global financial trade and markets. The region’s economies sess a lot of small and medium businesses operating on cash transactions and, to a certain extent, e-wallets - which invariably leads to a large amount of funds being locked up in these wallets and detracting from liquidity. Cryptocurrency payments avoids this problem.

Kubo’s Solutions

Several use cases have been envisioned for the Kubo platform. The following is only the beginning of Kubocoin’s grand vision to create a new method of interaction in the retail market:

A Payments Processing System Powered by the Waves Platform

Kubo’s payments system will be powered by the WAVES platform. The latter, a popular choice for those wishing to launch their own ICOs and have their tokens listed, will allow an effortless transfer of crypto funds, and permit exchange for other cryptos and even fiat currency. KuboGold, the product, is viewed by the team as an alternative to traditional payments systems. The comparatively lower fees essentially functions as a discount for vendors and merchants, who might be able to tap into a global network of users because of how conveniently cryptocurrencies can be transferred globally. Saved funds can then be used for business development and expansion.

Retail Ecosystem

All cryptocurrencies thrive on its ecosystem. Without its users and stakeholders, the token is effectively dead. Think of the many hundreds of tokens that have become non existent since the market began in the early 2010s.

Kubo will focus on developing a strong ecosystem of retailers and vendors who can support each other in what will be basically be a marketplace where the two entities can form relationships with each other and discover new business opportunities.

ATM Network Integration

Crypto debit cards are on the rise, with it being seen as an accessible way for the masses to use cryptocurrency. One challenge in the industry is the active use of cryptocurrency still remains in the reach of only the tech-savvy, and any attempt to expand the market will be predicated on the bettering crypto-accessibility.

To that end, Kubo is also making ATM integration a high priority. Coupled with mobiles on both the iOS and Android Operating Systems, this can make the use of crypto in day to day use a realistic possibility. Furthermore, as this is directly integrated with the WAVES decentralized exchange, users will be able to trade tokens seamlessly and further involve and educate themselves in the cryptocurrency market.

How Does Kubo Stand Against Competitors?

Blockchain as the underlying mechanism by which to validate payments is not a new idea; after all, Bitcoin itself is the progenitor of all such projects. However, Kubo differs from other projects in that it has a concentrated focus on the retail market - something that has been reported to grow with a Compounded Annual Growth Rate of 60% until 2023.

The use cases of a retail ecosystem and atm integration give Kubo an edge over other projects that are simply working towards creating a payments mechanism for consumers and vendors. It is important to note that all of the technology - albeit it needing refinement - for cryptocurrency to become a valid payments option, but the key point is how intelligently a project (which is nothing more than a business) can bring stakeholders together and create systems that make the process approachable.

Kubo, and its KuboGold product and ATM integration, is set to thrive, as opposed to the many dozens of projects that do not seem to be taking this real-world approach to delivering cryptocurrencies to the mainstream.