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Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange

As well as to itemizing the Universal Protocol Alliance’s mega-utility token, Bitcoin.com Exchange may also record the group’s stablecoins, in addition to assist interoperability between the Ethereum protocol and the Easy Ledger protocol.

Additionally Learn: Cred Service provider Options to Assist Unbanked Enterprise Sectors

Bitcoin.com Exchange to List Mega-Utility Token

It was introduced at present that Bitcoin.com Exchange will present an preliminary trade itemizing to assist an interoperable mega-utility token backed by the Universal Protocol Alliance, the Universal Protocol Token (UPT). The brand new token is predicted to be on listed Nov. 20, 2019, and might be obtainable for buying and selling by non-U.S. individuals solely.

As well as to itemizing UPT, the platform may also be itemizing Universal Protocol Stablecoins, together with the Universal Greenback (UPUSD), Universal Euro (UPEUR), as well as to an ERC-20 model of bitcoin core, the Universal Bitcoin (UPBTC). The trade may also assist interoperability between the Ethereum protocol and the Easy Ledger protocol on Bitcoin Money, in addition to work to develop the Universal Yen (UPYEN).

Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange
Bitcoin.com Exchange

The Universal Protocol Alliance is a bunch of like-minded cryptocurrency firms and blockchain organizations that need to join totally different digital property in a single community. The alliance members embody Bittrex, Courageous, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred. Bitcoin.com Exchange now helps the alliance and its mission to present blockchain interoperability, mainstream client safeguards, and sensible functions for blockchain that scale back time, effort and price for companies and customers in addition to native governments.

“At Bitcoin.com Exchange we consider in tokens that tie communities and ecosystems collectively,” mentioned David Shin, head of Bitcoin.com Exchange. “UPT is an ideal instance of how an alliance of robust and lively members can come collectively to create larger utility for its respective customers. The very concrete and sensible work the Alliance has achieved, the profitable monitor document of its members, and the overarching mission of the Alliance aligns properly with the important thing standards we search for on the Bitcoin.com Exchange.”

Bitcoin.com Exchange was launched on Sep. 2, as an easy-to-use buying and selling platform that provides 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 akin 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. When you haven’t signed up but, the method takes lower than a minute and you can begin swapping digital property instantly after you register.

The Universal Protocol Alliance Mission

Based 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 customers, companies, and governments globally. The group has recognized that many customers want progressive options to transfer digital property seamlessly throughout totally different wallets, exchanges, and networks. As well as to the contributions made by alliance members, every member group will combine and incorporate UPT straight into their companies, which might be introduced quickly by the group.

“The early days of the web had been very comparable to the world of blockchain at present, with many alternative expertise platforms fragmented and incapable of speaking with one another,” mentioned JP Thieriot, co-founder of the UP Alliance and Uphold. “We consider that the Universal Protocol Platform is a expertise that has the potential to join blockchain applied sciences – very similar to the breakthrough of the TCP and IP protocols that drove the web in direction of mass adoption.”

Digital property like bitcoin money and ethereum function on disparate networks that at the moment can not talk with one another. Collaboration in significant methods with out expensive workarounds stays tough, leading to important inefficiencies. Universal Protocol Platform has an answer to resolve this communication downside, one that can allow all current cryptocurrencies to turn into obtainable, and fungible, on one blockchain community: the introduction of Proxy Tokens.

Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange

Universal Protocol lately demonstrated a brand new service for distributors referred to as Cred Service provider Options, 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 Greenback in real-time, and transmits the tax remittance to the suitable authorities authorities. Universal Protocol has declared its assist for California Meeting invoice AB 953, which might allow the California state authorities to settle for tax remittances in stablecoins just like the Universal Greenback. That is meant to resolve a big tax-collection challenge for governments, and paves the best way for complete adoption of digital property throughout the state .

“We’re thrilled to construct expertise that solves actual issues for purchasers, retailers, and elected officers to assist usher within the subsequent 100 million customers of blockchain,” mentioned Dan Schatt, co-founder of the Universal Protocol Alliance and Cred. “Not solely does blockchain expertise end in vital price discount for customers and retailers, but it surely additionally allows extremely productive tax assortment, transparency, and predictability for metropolis and state governments.”

What do you consider the Universal Protocol Alliance itemizing the mega-utility token and stablecoins on Bitcoin.com Exchange? Share your ideas within the feedback part under.


Pictures courtesy of Shutterstock.


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Avi Mizrahi

Avi Mizrahi is an economist and entrepreneur who has been overlaying Bitcoin as a journalist since 2013. He has spoken concerning the promise of cryptocurrency and blockchain expertise at quite a few monetary conferences around the globe, from London to Hong-Kong.

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