The Payments industry in Singapore and the South-east Asian markets in growing rapidly. The Digital Payment Market in Singapore & South-east Asia market will witness a CAGR of 58.90% during the forecast period FY2017-FY2023. The market in Singapore alone is expected to reach $700 billion by 2022 in terms of value of transactions.
ULTRIX envisions to be the PayPal of this growing South-east Asian and the Singapore market. It will allow payments and booking through both fiat and cryptocurrency.
With ULTRIX app, users will be able to send money, manage finances, do shopping, book tickets & pay bills with their favorite cryptocurrency. Users can scan QR code and make payment. They will also be able to make direct payments to our partner vendors such as Singtel, Uber etc. To incentivize users, ULTRIX will offer frequent discounts, promotion, & free airdrops to all its users.
In short “ULTRIX will be an app for the common man, and will make it easier for them to use their cryptocurrency”.
ULTRIX team has a strong head way in terms of the product development. Given our background in payments space, we were quick to develop prototype of the payments app. We have already established tie-ups with partners such as Singtel, Singapore Airlines, Uber, Amazon etc. There are 20+ other partners with whom we have tied up with.
ULTRIX plans to float an ICO to convert this dream into a realty. Around 250 Million token will be issued with around 50% reserved for public and private sale.
ULTRIX is backed by a strong team. David Sneider, the CEO of ULTRIX is a NUS Alumnus. Chris Cassano, the cofounder, has completed his engineering from NTU. Chris has a strong technology background with vast experience in developing Payments systems. Fabio Muniz, the other cofounder, has vast experience in crypto and blockchain. The team is supported by 20+ employees with diverse experiences from Singapore, India & other parts of the world.