Unbanked Investor Update – October 2022

Hi Everyone, 

I’m going to change the format and location of Unbanked Investor Updates moving forward.  Previously I was using the “Updates” section on our Republic campaign page, but using the Unbanked website provides a more streamlined experience and will position Unbanked with added flexibility as our business matures and additional fundraising opportunities present themselves. 

In the future, I’ll continue to post links to the updates on Republic’s campaign “update” channel, but the actual content will reside on Unbanked.com.   Please also make sure you have created an Unbanked.com account so you will be notified via email when a new update is published.

Ready To Spend Your Bitcoin, Ethereum, Ripple, Litecoin, and Other Cryptocurrencies?
Within minutes you can register for a Unbanked account, add funds, pass KYC, get a virtual card and make purchases anywhere major credit cards are accepted. Register at no cost to you.
  Register Now

Republic Campaign Has Ended

Our Republic campaign has ended and Unbanked raised approximately $2.2 million from over 3,000 investors!  We have already collected some of the funds and the team at Republic is working to collect the remaining funds and distribute them to us.

Once everything has been finalized all investors who participated in this round will be notified of the next steps.  We will likely be using Securitize again to manage all of the equity holdings of individual investors so stay tuned for more information.

Here is the existing Unbanked Investor Portal for those that participated in our previous Reg-CF in 2020.


Litecoin Summit and Money 2020

Some members of the Unbanked team will be in Las Vegas this month for two conferences.  The first is Litecoin Summit where Unbanked will have a booth.  We’ll be there to help bring awareness to the Litecoin Card which Unbanked is powering for the Litecoin Foundation.

The second will be Money 2020.  Money 2020 is one the leading fintech conferences around and always has a huge turnout. It focuses on what’s next across the world of Payments, FinTech, and Financial Services.  It’s a great opportunity to have one-on-one conversations with those in the industry and share what Unbanked is working on.

If you’ll be there and want to connect then please reach out to our team.

Unbanked Investor Update - October 2022, unbanked-litecoin-summer-1024x995, News , Unbanked, Unbanked Card, Crypto Card, Unbanked Debit Card, Crypto Debit Card, BlockCard

Shark Pitch Competition with Kevin O’Leary

Unbanked was selected as 1 of 5 finalists to present to Kevin O’Leary in StartEngine’s Shark Pitch competition – and we won! 

As the winner, Unbanked was awarded $25,000, but we won something even more valuable. That is validation and recognition of the work the entire team at Unbanked has put in over 4 years by Kevin.  

“I’m gonna go with Ian & Daniel at Unbanked because they have proven their model in a really interesting place and they have significant revenues, but they are not the only great team of entrepreneurs in this contest.  If I had to put two million bucks to work I’d probably put it in there right now.” 

Kevin O’Leary (12:40 minute mark)

Building fintech is hard, enabling crypto in that tech is even harder, and doing it in a compliant way often seems impossible. However, our team has worked tirelessly to expand our product suite globally, and smart investors like Kevin who know the laws are impressed by what we’ve accomplished. Watch the video below to hear his insights.

Benzinga also hosted a pre-show before the competition which you can watch here:

UNBNK Cross-Chain Availability

Our team has recently deployed new functionality in the Unbanked dashboard allowing users to deposit or withdraw their UNBNK holdings on either Ethereum or Stellar.   In addition, a 2% burn fee has been added to all withdrawals in order to create a deflationary environment for UNBNK going forward.

A detailed post on the UNBNK cross-chain functionality is available here: https://unbanked.com/cross-chain-implementation-for-unbnk-on-ethereum-and-stellar/ 

Here is a brief summary: 

  • UNBNK is now available natively on Stellar and Ethereum
  • Stellar & Ethereum-based UNBNK can be deposited or withdrawn using the Unbanked.com dashboard. 
  • UNBNK Minting & Burning will be used in a scenario where UNBNK demand exceeds the current supply on either Ethereum or Stellar.  
  • A 2% burn fee has been implemented on dashboard withdrawals to create a deflationary environment for UNBNK. 
  • This new functionality should not be confused with “wrapped” assets through platforms like Multichain.  Ethereum-based UNBNK holders can still move UNBNK to another chain like Avalanche. 

Stellar UNBNK: https://stellar.expert/explorer/public/account/GDJVTMIPLJXBBWXOC2KN6DSEBROPUQHN6H5QS7U3CC5L2ORU3YDNW6CG 

Ethereum UNBNK: https://etherscan.io/token/0x06b884e60794ce02aafab13791b59a2e6a07442f 


That’s it for now.  Stay tuned for more great news ahead.  Our white-label business is continuing to grow and we have some significant partners in the works that I look forward to sharing once ready.

Buy Bitcoin With Your Unbanked Bank Account
Buy Bitcoin and other cryptocurrencies with your crypto friendly bank account from Unbanked. Purchase Bitcoin and other crypto instantly and settle to your crypto wallet.
  Register Now

-Ian

The Latest

What is Dash Crypto

What is Dash Crypto? Dash Coin Highlight

Bear markets are the best time to invest in stocks and cryptocurrencies. If you have money to invest, you can pick up top-tier cryptocurrencies for bargain prices during a bear market. A digital currency hot on many investors’ radar is Dash, a DeFi cryptocurrency with massive potential. We’ll highlight what Dash is, how it works, and whether it’s… Read Article

How to Value Cryptocurrency

How to Value Cryptocurrency to Know What to Buy

When investing in cryptocurrencies, investors need to vet the projects before they invest. Because the cryptocurrency market is largely unregulated, it is often compared to the Wild West, where you can strike gold and be robbed blind. In 2021, investors lost $2.6 billion in pump-and-dump coins or other junk tokens. To avoid scams, rug pulls, and weaker projects,… Read Article

Why is Cryptocurrency Valuable

Why is Cryptocurrency Valuable? A New Investor Guide

It’s hard to look at any financial website and not see some mention of cryptocurrency. However, with all the hype around cryptocurrency, it’s tough to filter through what’s true and what’s not. One common question is, what are the factors that make cryptocurrency valuable? We put together this investment guide for new investors to explain… Read Article

What Causes Cryptocurrency to Rise and Fall

What Causes Cryptocurrency to Rise and Fall

16% of Americans invest in cryptocurrency, and that number is expected to grow. But with cryptocurrencies being such a volatile asset, it is challenging to know the best time to buy and sell. We’ll explain what causes these explosive rises and falls in cryptocurrency prices so you can invest more wisely. Key Crypto Market Indicators that… Read Article


6.38%

Crypto Rewards
on Spend

You also have access to:

BANK ACCOUNTS
DEBIT CARDS
BUYING, SELLING, & SPENDING CRYPTO


ARE YOU READY TO GET UNBANKED?


Nah, I enjoy high fees...

x