This company develops central bank digital currency (CBDC) infrastructure, providing a digital system of record and a unit of account tied to official fiat currency. They offer free mobile wallets to consumers and retailers, facilitating rapid retail payment adoption on a national scale.
Funding
Funding not disclosed
Founders
Product
Problem
Many countries lack efficient digital payment infrastructure, hindering financial inclusion and economic development, particularly for underbanked populations. Existing systems often struggle with retail adoption, cross-border settlements, and providing access to global liquidity for infrastructure projects.
Solution
UberFi provides a turnkey Central Bank Digital Currency (CBDC) ecosystem that enables countries to rapidly deploy a digital version of their fiat currency. The platform includes a free mobile wallet for consumers and retailers to facilitate retail payment adoption, along with a Trusted Agent Network (TAN) for converting digital currency to cash. UberFi's CBDC solution supports both retail and wholesale applications, as well as frictionless cross-border settlements. The system also integrates with BitMinutes, an asset-backed utility token, to allow instant conversion to prepaid phone minutes, providing immediate utility and credibility. UberFi's hybrid DLT architecture allows central banks to customize the level of private issuance control and public disclosure of consumer usage.
Target Audience
UberFi's primary customers are central banks and government entities seeking to implement a national digital currency and improve financial inclusion.
Features
- Turnkey CBDC solution deployable in days
- Free mobile wallets for consumers and retailers
- Trusted Agent Network (TAN) for cash-in/cash-out functionality
- Instant conversion to prepaid phone minutes via BitMinutes
- Hybrid DLT architecture for customizable control and disclosure
- Support for retail, wholesale, and cross-border payments
- Integration with DeFi protocols for digitized bond offerings (Bond DeFi)
- Proprietary interest-bearing Smart Coins
- Patent-pending atomic swap technology
- Lending protocol for micro-loans