Uberstate Makes IBT’s Top Blockchain Projects to Follow as Founders Discuss Its Origins
We are very excited to announce that Uberstate has been selected as one of the top blockchain projects to follow by the International Business Times. We are very honored by this recognition and as part of our listing, our founders were interviewed by LilaMax Media about this and they delved into the origins of Uberstate and what our users can expect moving forward.
The Background of Uberstate
In the interview, Jess touched on his previous work experience in banking and real estate and after meeting Marlon on LinkedIn in 2017, sought out opportunities in the fintech industry that would touch on his previous experience.
This started out as seeking out funding for real estate using cryptocurrency and since ICOs were all the rage at the time, they were considered. Marlon, who has a background in private equity and finance, was interested in merging real estate and crowdfunding and over time, this has evolved into Uberstate.
Describing it as retail banking for those who wish to bank in crypto, Jess stressed the importance of Uberstate’s native token and the firm’s goal of creating a digital ledger for real estate transactions around the world over time.
Compliance was also discussed during the interview, with Jess pointing out how firms like Binance are heavily scrutinized when it comes to compliance and that Uberstate itself faces the same scrutiny.
“If you’re in the business of cryptocurrency in 2021, you’re in the compliance business, which you have to be,” he says.
Despite the compliance, Marlon acknowledges that there is some mistrust surrounding the crypto industry from consumers. The solution to this, he feels, is to normalize crypto use through Uberstate’s type of services. This means spending cryptocurrency the way we do fiat currency and over time, consumer trust and acceptance can be built.
About the challenges of running such an innovative startup, Jess says that the team enjoys the challenges that come with it and that because of the nature of Uberstate’s work, they work with people from all places and walks of life.
While a lot of crypto-focused media is centered around places like North America, Jess argues that some of the biggest hubs for the industry are in places like Asia, the Middle East, and even London.
The duo also drew comparisons to the mobile phone and how even that took a while to become mainstream and accessible to all. Crypto, they feel will have the same trajectory. In the meantime, they say, the industry is weeding out a lot of the more malicious parties and while this may take time given the privacy-centric nature of the industry, it will be done eventually.
Ultimately, Jess says, the goal of Uberstate is to make crypto more accessible to everyone and make it as easy to access as applying for a mobile bank account. Most of the platforms that people access crypto from are exchanges but Uberstate is offering a bank interface with an institutional strategy which makes the process easier for consumers who are already using banks.
The full interview can be found here and we look forward to making even more announcements soon!
Thanks,
The Uberstate team.
