QUID

COMPANY OVERVIEW

CEO: Mohit Cheppudira

Founded: 2018

Location: Waterloo

Stage: Seed

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Blockchain enabled micropayments.

Qubit is a micro-banking platform that combines blockchain and cloud computing to deliver a micropayment platform designed for ultralow- cost online payments. By enabling online micropayments, Qubit has the potential to unleash a wave of new ecommerce transactions for things like photo and music downloads (25 cents), watching popular or exclusive video content (10 cents), or even commenting on a blog or twitter post (1 cent). Qubit will enable instant settlement of micro-transactions which cost small fractions of a penny to complete.

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