In addition to itemizing the Universal Protocol Alliance’s mega-utility token, Bitcoin.com Exchange may also listing the group’s stablecoins, in addition to assist interoperability between the Ethereum protocol and the Simple Ledger protocol.
Bitcoin.com Exchange to List Mega-Utility Token
It was introduced at present that Bitcoin.com Exchange will present an preliminary change itemizing to assist an interoperable mega-utility token backed by the Universal Protocol Alliance, the Universal Protocol Token (UPT). The new token is predicted to be on listed Nov. 20, 2019, and will probably be accessible for buying and selling by non-U.S. individuals solely.
In addition to itemizing UPT, the platform may also be itemizing Universal Protocol Stablecoins, together with the Universal Dollar (UPUSD), Universal Euro (UPEUR), as well as to an ERC-20 model of bitcoin core, the Universal Bitcoin (UPBTC). The change may also assist interoperability between the Ethereum protocol and the Simple Ledger protocol on Bitcoin Cash, in addition to work to develop the Universal Yen (UPYEN).
The Universal Protocol Alliance is a bunch of like-minded cryptocurrency corporations and blockchain organizations that need to join completely different digital belongings in a single community. The alliance members embody Bittrex, Brave, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred. Bitcoin.com Exchange now helps the alliance and its mission to present blockchain interoperability, mainstream shopper safeguards, and sensible functions for blockchain that cut back time, effort and value for companies and shoppers in addition to native governments.
“At Bitcoin.com Exchange we believe in tokens that tie communities and ecosystems together,” mentioned David Shin, head of Bitcoin.com Exchange. “UPT is a perfect example of how an alliance of strong and active members can come together to create higher utility for its respective users. The very concrete and practical work the Alliance has done, the successful track record of its members, and the overarching mission of the Alliance aligns well with the key criteria we look for at the Bitcoin.com Exchange.”
Bitcoin.com Exchange was launched on Sep. 2, as an easy-to-use buying and selling platform that gives world-class safety and a strong buying and selling engine. The venue has all kinds of buying and selling pairs like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC) and denominated markets with base currencies similar to tether (USDT), bitcoin money (BCH), and bitcoin core (BTC). The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting, meant to maintain customers’ accounts safe always. If you haven’t signed up but, the method takes lower than a minute and you can begin swapping digital belongings instantly after you register.
The Universal Protocol Alliance Mission
Founded in 2018 to speed up mainstream adoption of blockchain expertise, the Universal Protocol Alliance is aiming to produce viable and pragmatic use instances that may profit shoppers, companies, and governments globally. The group has recognized that many customers want progressive options to transfer digital belongings seamlessly throughout completely different wallets, exchanges, and networks. In addition to the contributions made by alliance members, every member group will combine and incorporate UPT instantly into their companies, which will probably be introduced quickly by the group.
“The early days of the internet were very similar to the world of blockchain today, with many different technology platforms fragmented and incapable of communicating with each other,” mentioned JP Thieriot, co-founder of the UP Alliance and Uphold. “We believe that the Universal Protocol Platform is a technology that has the potential to connect blockchain technologies – much like the breakthrough of the TCP and IP protocols that drove the internet towards mass adoption.”
Digital belongings like bitcoin money and ethereum function on disparate networks that presently can not talk with one another. Collaboration in significant methods with out pricey workarounds stays troublesome, leading to essential inefficiencies. Universal Protocol Platform has an answer to resolve this communication downside, one that may allow all present cryptocurrencies to change into accessible, and fungible, on one blockchain community: the introduction of Proxy Tokens.
Universal Protocol just lately demonstrated a brand new service for distributors known as Cred Merchant Solutions, which allowed elected California officers, together with members of the group, to buy items at a vendor with bitcoin money (BCH). This mechanism permits retailers to settle transactions within the Universal Dollar in real-time, and transmits the tax remittance to the suitable authorities authorities. Universal Protocol has declared its assist for California Assembly invoice AB 953, which might allow the California state authorities to settle for tax remittances in stablecoins just like the Universal Dollar. This is supposed to resolve a big tax-collection concern for governments, and paves the way in which for complete adoption of digital belongings throughout the state .
“We are thrilled to build technology that solves real problems for customers, merchants, and elected officials to help usher in the next 100 million users of blockchain,” mentioned Dan Schatt, co-founder of the Universal Protocol Alliance and Cred. “Not only does blockchain technology result in significant cost reduction for consumers and merchants, but it also enables highly productive tax collection, transparency, and predictability for city and state governments.”
What do you concentrate on the Universal Protocol Alliance itemizing the mega-utility token and stablecoins on Bitcoin.com Exchange? Share your ideas within the feedback part beneath.
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