Move over eBay, there’s a new marketplace in town! Ubcoin Market upends the traditional peer-to-peer marketplace model by not only giving users a place to buy and sell items, but to enable them to become crypto investors in the process. Bitcoinist sat down with founder Felix Khachatryan to learn more about Ubcoin Market and find out what the future holds for this innovative platform.
Bitcoinist: Ubcoin aims to provide a marketplace where anyone can safely and instantly sell or buy real goods in exchange for cryptocurrency. What is the biggest problem with similar marketplaces today, and where does Ubcoin fit in?
FK: Ubcoin is not exactly a marketplace: eBay, Amazon, Avito, etc. let people sell stuff but we let them become crypto investors via selling stuff. Ubcoin is not a crypto exchange, either: we don’t use fiat money. So one might say that Ubcoin Market is a hybrid between a marketplace and a crypto exchange.
Bitcoinist: Why is decentralization important for a peer-to-peer marketplace and how does Ubcoin utilize smart contracts to ensure decentralization?
FK: Decentralization in general and smart contracts in particular are important for peer-to-peer trading platforms in that they enable the customer …
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