Ultroneum OÜ

Ultroneum OÜ is a private limited company formed under the laws of Estonia in Tallinn. Ultroneum’s ambition is to build a cashless Global Multi Financial Services Mobile Gateway where all payments’ and transactions’ needs can be fulfilled using both cryptocurrencies and conventional currencies as an interchangeable financial instrument.

Our goal is to support and enhance the cashless ecosystem for individuals, businesses and societies at large around the world. We are currently designing and developing the Ultroneum platform to establish such financial environment. This includes mobility via smart devices, and access to merchants via Point of Sale (POS) devices, all of which can be used with multiple cryptocurrencies and/or conventional currencies at the same time. Thus, extending financial facilities to anyone, anywhere and anytime globally.

We plan to provide the cryptocurrency version of the traditional and emerging conventional financial products and services.

The Ultroneum platform will serve as the backbone of a new, proposed financial platform capable of supporting both conventional and cryptocurrencies. The Ultroneum (XUM) tokens shall be positioned as the common enabler for other cryptocurrencies and conventional currencies in the Ultroneum platform, an ecosystem for all participants, transactions and exchanges.

How are you different?

 The proposed Ultroneum platform will enable cross-border use of any supported cryptocurrencies and any supported conventional currencies, for financial transactions between two or more parties. A competitive transaction fee will be charged where participants can exchange any cryptocurrency for any conventional currency, and vice versa, or cryptocurrency to cryptocurrency, almost in real time.

Why will you do well?

 The new Ultroneum platform will be built as part of the proposed infrastructure, to enable the reach, speed and integrity required for any transaction by the users of the system. POS terminals and mobile smart devices will be incorporated into the system to enable the maximum usage by the populace.

Merchants will be able to accept the currency of their choice conveniently, safely and without delay, while consumers will be able to pay for goods and services with any cryptocurrency or conventional currency using their own smart devices.

Where are you based?

Ultroneum is registered as Ultroneum OÜ in Tallinn, Estonia with the registered number of (14423684).

When did Ultroneum project started?

Ultroneum OÜ incepted in February 2018, Ultroneum project started in February 2017.

Who are you trying to attract to your product?

Ultroneum’s target markets are:

  • Crypto currency holders
  • Cross-border corporate companies
  • E-Commerce/Market Place for small and medium merchants
  • Existing E-Marts who want to add cryptocurrencies as possible payment mechanism

Our planned regions of operations will be the South East Asia, South Asia, Central Asia, Middle East, Africa and South American countries.  New cryptocurrency issuers will benefit from adding liquidity to a new cryptocurrency. The more cryptocurrency used as a mean of payment, the more valuable it will become. This will result in the capitalization of cryptocurrency to increase exponentially.

What tips would you give to others looking to build their business?

One of the most important key to good business is teamwork. Harnessing knowledge is a must where it helps an individual to know better. The surrounding in the workplace should be an open place where leaders are open to new ideas. Open management concept is what makes an organization even stronger.

Tell us about your team?

The team is Ultroneum’s key to success. The talent in this team is mostly experienced in this scope of business. They are deeply into the implementation of Ultroneum’s vision and mission. We are glad to hire more dedicated talent in the near future.

What are your plans for the future?

Ultroneum plans to implement the project phase-by-phase which includes individual client wallet operations, external market payment support, debit or stored value cards, and express peer-to-peer payment. Some other planning includes collaboration with banks on card usage, standalone unmanned installations such as vending machines, cryptocurrency supporting Currency Converter Machines (CCM), and conventional currency Automated Teller Machines (ATMs) of participating financial sector partners.

How do people get in touch with you?

You can reach us on Twitter and Instagram at (@Ultroneum). For more info, visit our website at www.ultroneum.com


If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking

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