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Cryptocurrency Payment Platform UQUID Raises Over $17.8 Million in Successful ICO

Cynthia Turcotte | Nov 15, 2017 | 13:15

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Finishing up an extremely successful ICO run last week, UQUID, the all-in-one solution for earning, saving, and spending 90 different cryptocurrencies, raised over $17.8 million.

Cryptocurrency-based payment platform UQUID concluded its ICO last week, raising $17.8 million and leaving investors clamoring for more.

For those unfamiliar with the platform, UQUID bridges the gap between cryptocurrency and fiat. It allows users to earn, save, and spend Bitcoin, Ethereum, and 88 other cryptocurrencies. Through the UQUID virtual debit card, which can be loaded with multiple cryptocurrencies, users can pay bills, shop online, and make every day real-world purchases anywhere that VISA is accepted.

Self-described as a “complete ecosystem that provides a hassle-free physical realization of your digital wealth and risk-free investment environment to trade or exchange your digital currency,” UQUID offers a range of services, including e-wallet solutions, reloadable virtual and physical debit cards, mobile top-up, and more.

UQUID ICO By the Numbers

The UQUID ICO, which ran from October 2, 2017, to November 10, 2017, was, by anyone’s definition, a huge success. In just 39 days, nearly 25,000 investors contributed to the ICO, raising an impressive $17.8 million and purchasing 10 million UQC tokens in the process.

UQUID CEO Tran Hung commented on the ICOs success:

I would like to thank all of the investors who participated in our ICO. There are many great things in store for UQUID and you have all helped make them possible.

He also addressed the issue of UQC token withdrawals:

Investors who contributed using ETH have their withdrawals processed automatically, however for those who contributed using one of the other 91 cryptocurrencies we accept, the audit and withdrawal process is handled manually due to its complexity. We hope to have all withdrawals processed before November 20.

What’s Next for UQUID?

Now that the ICO has ended, it’s time for the real work to begin. Bitcoinist spoke with Hung to ask him what the future holds for the payment platform:

We will continue support for our card services, which includes adding more cryptocurrencies into the system. We will also continue to build up our ecosystem with the addition of new tools and features to benefit our users.

He went on to explain the highlights of UQUID’s future plans, which include:

• The addition of 200 new cryptocurrencies into the system within the next six months;
• The release of a multi-cryptocurrency wallet within the next few weeks;
• Finishing the development of the UQUID mobile app;
• Adding a cryptocurrency exchange platform;

With so many new features in the works, UQUID has a very bright – and very busy – future ahead of them.

To learn more about UQUID or to sign up for the payment platform, please visit uquid.com. You can also keep up to date with the latest UQUIDCoin news and information on their blog.

Do you use UQUID’s payment platform? What do you think about being able to use so many different cryptocurrencies for everyday purchases? Let us know in the comments below.

Images courtesy of UQUID, Shutterstock