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Upco International (OTC:UCCPF) announces mobile service platform enhancements

Tony Zerucha

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Upco International (OTC:UCCPF) has added balance transfer and email authentication to its production mobile service platform, effective Oct. 31, 2018. The latest version of the Upco app, incorporating these features, is currently available for download through the App Store (IOS version) and Play Store (Android).

Balance transfer is the first step in the planned, multi-phase delivery of a sophisticated multi-function e-wallet solution, which will be delivered incrementally over coming months, and actively improved thereafter. Balance transfer enables Upco users to transfer funds in their e-wallet, in real time, to the e-wallet of another Upco user at a nominal cost. Currency conversion is accommodated in this process, referencing the relevant Central European Bank counter value at the time of transfer.

Email authentication enables users to authenticate on the application without a phone number or SIM card. This holds a number of important implications for utilization, and user security and privacy. Users are now able to download the Upco app to their mobile device (Android tablet, iPad), authenticate using their email address, and benefit from the range of Upco services via their device. In the event that a telephone is lost or stolen, users will also be able re-access their information via email and password from anywhere in the world, without the loss of data or data integrity / security.

Work is continuing on enhanced e-wallet functionality, which will include integration with eMoney regarding authentication and transaction management, payment processing, and escrow support for cryptocurrency.

 

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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