Jess Davis is the CEO and Co-founder of the Uberstate Inc. He has spent the last two decades in the commercial real estate and finance industries in Canada. In the last four years, he dedicated his time to building Uberstate. He will also participate in the upcoming World Blockchain Summit in Dubai.
The CoinQuora team asked Jess questions to help us get to know him, what they do at Uberstate Inc., and to tell us some things about his thoughts on the industry. Without further ado, here’s the interview.
Q. Please give us an introduction of yourself. What’s your background?
I am Jess Davis, CEO and Co-Founder of Uberstate Inc. — a leader in the field of payments on the blockchain. I have spent the last two decades in commercial real estate and finance in Canada and the last four years building Uberstate.
Recently, we have been approved by a handful of sponsor banks in North America to operate our digital banking platform in our own cryptocurrency, RIT 2.0. Uberstate partners with world-class fintech providers to make data monetization on the blockchain possible.
Q. How did you get into cryptocurrency? What’s your motivation?
I got into cryptocurrency alongside our business plan in real estate crowdfunding. When I recognized the ability to remove boundaries between conventional ownership and instant liquidity, I followed the yellow brick road so to speak.
Fast forward to three years and the world has experienced a paradigm shift, including the decentralization of the workplace due to Covid-19 and the global pandemic. We, at Uberstate, see this as the preliminary push to adoption.
You can’t turn on Bloomberg nowadays without hearing the word “Bitcoin“.
Q. How did you start with your current company? Could you tell us about the business?
We started in an incubator that was privately funded by our closest friends and family and became students of the global market and the megatrends that exist in current financial paradigms that are “blockers” in the growth of the economy.
That incubator lasted for two years until the end of 2019 when the company obtained a money service business license and began our journey in global payments on the blockchain with a handful of clients looking at the large-scale purchase of cryptocurrency for their business and payments needs.
Today, we are partners with some of the biggest names in the business and every day, I wake up to an amazing team of talented people who support our efforts.
Q. What would you say is the unique selling point of your company? What makes it different from other blockchains/crypto businesses?
What is unique about Uberstate is, we provide a simplistic, regulated ecosystem for all elements of the crypto sphere.
This includes offerings in DeFi, Digital Real Estate Ownership, Payments, Supercharged hedge fund, linked bank accounts, and card services.
We hope to be able to add a layer of normalcy that alienates most people from becoming involved and switching out of the current global banking ecosystem into something more sophisticated with better rewards and of course, better customer service.
Q. What do you personally think about current crypto market trends?
The trends that I see occurring that bolster adoption are all linked to micropayments in crypto, and the slow but steady adoption of the industry are broadcasted by our very lively global community of influencers and talent.
Digital ownership of assets under a DeFi umbrella is the model of ownership on the blockchain and will replace a need for historical legacy ownership of assets.
You can’t sleep on crypto. Those who do will wake up on the other side of the largest transfer of value this generation will see after the retirement of the baby boomers.
There are simply too many nouveau riche, computer-savvy millennials, with the drive to stop now. Shout out, Jack Malls!
Q. Please share your thoughts on the future of Blockchain technology and Fintech evolution.
The revolution will be televised… Crypto is currently in the top 5 growing industries globally and poised to convert the internet into web 3.0. This means instant DeFi connection to any human on the planet financially without a bank.
The way social media connected everyone online is the way cryptocurrency will change payments and make it easy to send a store of value anywhere on the planet.
Q. Do you have anything specific to share about your projects?
Visit https://www.uberstate.io for a glimpse of what we are up to.
The North American rollout will be first, but planned expansions to Europe, South America, and the Asia Pacific are all part of the plan. Follow us on social media for updates.
Q. How does it feel to be a part of the Dubai Blockchain ecosystem by taking part in the 19th Edition of the World Blockchain Summit in Dubai on Oct 13-14?
That’s the only word that comes to mind… so blessed to be a part of this community and this world-class event. There are so many amazing companies and influencers at this event. We look forward to the opening ceremony and the desert safari.
Thanks again to our incredible team for lining up this opportunity. Dubai 2021! Let’s GO!