How to use uCAD
These are just some of the ways to utilize uCAD.
Use uCAD to pay for services and products
Quickly send and receive value around the world
The stability of CAD in digital currency format
Move efficiently between dollars and crypto
Money designed for digital commerce
Users and businesses can now transact with digital fiat cash in the same manner as cryptocurrencies.
IndividualsRegular users and traders
Move your funds quickly between wallets, users and businesses with full control
Enhance your trading experience with a custom catered digital fiat currency
Have full control and custody of your funds whenever you want reducing risk
BusinessesOnline & retail companies
Use uCAD as an upgraded option to traditional currency payments and settlements
Send and receive funds while also being able to cash in our out when required
Allow users to pay with cash at converters, then make digital purchases online
Digital OrganizationsCryptocurrency industry entities
Integrate uCAD to provide access to a digital canadian pegged dollar to your users
Price services in currency denomination that canadian users are accustomed to
Reduce operational friction, cost and time in dealing with financial institutions
Most popular frequently asked questions
Why was uCAD created?
uCAD was built so that the canadian dollar can start moving faster. uCAD is a digital canadian dollar powered by blockchain technology. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. Unlike other crypto assets, uCAD is stable. It is backed 1:1 for CAD and is empowered by a distributed network of retail and online converters who provide cash to uCAD services nationally.
Why is a digital canadian dollar beneficial?
Unlike regular canadian dollars, uCAD doesn’t require a bank account. It doesn’t require that you live in a particular area and you can send uCAD around through an internet connection at an extremely low cost in just a few minutes. This opens the doors to unbound digital innovation for commerce and peer-to-peer transactions.
What can uCAD be used for?
uCAD can be used to hold canadian dollars in a digital format, to reduce exposure to cryptocurrency volatility, to remove cross-border transaction fees and to move between digital currencies with ease or as payments for services. In the future many new capabilities will be unlocked as the greater ecosystem builds new services and functions.
How is uCAD programmable?
Being programmable unlocks a whole new world of applications and business ideas: developers can create accounts to store money with one line of code; lending that is faster, cheaper, and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable donations to charity are just some of the capabilities that can be developed on top of uCAD.
Is uCAD divisible to the cent like a dollar?
uCAD is in fact more divisible than the Canadian Dollar as it currently supports 8 decimal places ($0.00000001).
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What blockchain network does uCAD use?
uCAD currently utilizes the Ethereum blockchain because of its status as the market leading smart contract platform and strong support from developers. In the future we will build uCAD on Bitcoin and other networks if the demand is available.