How to use uFIATS
These are just some of the ways to utilize uFIATS.
Use uFIATS to pay for services and products
Quickly send and receive value around the world
The stability of local fiat currencies in digital currency format
Move efficiently between fiat currency and crypto
Money designed for digital commerce
Users and businesses can now transact with digital fiat cash in the same manner as cryptocurrencies.
IndividualsRegular users and traders
Move your funds quickly between wallets, users and businesses with full control
Enhance your trading experience with a custom catered digital fiat currency
Have full control and custody of your funds whenever you want reducing risk
BusinessesOnline & retail companies
Use uFIATS as an upgraded option to traditional currency payments and settlements
Send and receive funds while also being able to cash in our out when required
Allow users to pay with cash at converters, then make digital purchases online
Digital OrganizationsCryptocurrency industry entities
Integrate uFIATS to provide access to a digital local fiat pegged currency to your users
Price services in currency denomination that local country users are accustomed to
Reduce operational friction, cost and time in dealing with financial institutions
Most popular frequently asked questions
Why was uFIATS created?
uFIATS were built so that the local fiat currencies can start moving faster. uFIATS are a digital fiat currency equivalent tokens powered by blockchain technology. Like other crypto assets, they can move instantaneously, anywhere in the world, any time of any day, and they are programmable. Unlike most other crypto assets, uFIATS are stable. They are backed 1:1 to local fiat currencies and are empowered by a distributed network of retail and online converters who provide cash to uFIATS services internationally.
Why is a digital fiat currency beneficial?
Unlike regular fiat currency, uFIATS don't require a bank account. They don't require that you live in a particular geography and you can send uFIATS around the world at an extremely low cost in just a few minutes. This opens the doors to unbound digital innovation for commerce and peer-to-peer transactions.
What can uFIATS be used for?
uFIATS can be used to hold local country fiat currencies in a digital format, to reduce exposure to cryptocurrency volatility, to remove cross-border transaction fees and to move between digital currencies with ease or as payments for services. In the future many new capabilities will be unlocked as the greater ecosystem builds new services and functions.
How are uFIATS programmable?
Being programmable unlocks a whole new world of applications and business ideas: developers can create accounts to store money with one line of code; lending that is faster, cheaper, and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable donations to charity are just some of the capabilities that can be developed on top of uFIATS.
Are uFIATS divisible to the cent like fiat currencies?
uFIATS are in fact more divisible than local fiat currencies as they currently supports 8 decimal places (0.00000001).
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What blockchain network do uFIATS use?
uFIATS currently utilize the Ethereum blockchain because of its status as the market leading smart-contract platform and strong support from developers. In the future we will build uFIATS on Bitcoin and other networks if the demand is available.