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uBUCK Technologies teams up with Mark Cuban-backed SPARE to provide virtual ATM services

Spare's technology lets people turn their digital currency into cash at participating stores without the need for a debit card or a bank
uBUCK graphic
uBUCK, based in the Cayman Islands, is a digital wallet and payment platform designed to serve the unbanked and underbanked

uBUCK Technologies SEZC, a digital wallet subsidiary of LiteLink Technologies Inc (CSE:LLT) (OTC:LLNKF), is partnering up with Spare CS Inc to offer mobile ATM services to its users.

The deal provides uBUCK with Spare’s QR code processing technology, which lets people turn their digital currency into cash at participating stores without the need for a debit card or a bank.

The technology covers about 2,500 locations in Los Angeles.

Shares of LiteLink grew 12% to C$0.18 on the CSE and nearly 9% to US$13.40 on OTC Markets.

READ: LiteLink Technologies signs deal with J.J. Keller to introduce electronic logging device to carriers across Canada

We are extremely excited to partner with Spare, a fintech startup that recently received a vote of confidence in the form of a $500,000 investment from Mark Cuban on Shark Tank,” uBUCK CEO James Youn said. “This alliance will not only provide uBUCK customers with more options for converting their funds, but it also aligns with our goal of serving the unbanked and underbanked communities.”

uBUCK, based in the Cayman Islands, is a digital wallet and payment platform originally designed to serve the unbanked and underbanked in industries such as trucking. 

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel
 

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