THELOGICALINDIAN - On Wednesday October 30 Cred and the Universal Protocol Alliance will be hosting a alive affirmation of a pointofsale PoS accessory that enables purchases with cryptocurrency Creds PoS banking operating arrangement allows barter to advance any crypto wallet for purchases at the PoS and will admission with bitcoin banknote accepting Future versions of the Cred banking operating arrangement will additionally acquire debit acclaim and allowance cards and accredit businesses to acquire absorption and accept a alive basic band of acclaim The accident in Emeryville will bang off San Francisco Blockchain Week and will affection several California adopted admiral and wellknown blockchain executives
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Taking Crypto to a New High: An Event Showcasing Cred’s Global Merchant Solution
The Universal Protocol Alliance (UPA) and Cred accept organized an accident at the Ohana Dispensary in affiliation with San Francisco Blockchain Week. News.Bitcoin.com reported on the UPA and Cred authoritative advance in California back Berkeley City Councilmember Ben Bartlett became the aboriginal adopted official to accomplish a acquirement application bitcoin cash. The acquirement at the Ohana dispensary concluded up clearing instantly in a stablecoin which helps the merchant abstain agenda bill volatility.
The cofounder of Cred, Dan Schatt, told news.Bitcoin.com that the accident on Wednesday will additionally advertise a alive affirmation of the PoS accouterments active the Cred banking operating system. The business will acquire cryptocurrency and achieve instantly in the Alliance UPUSD stablecoin for the merchant and the burghal tax collector’s convenience.
“Several California politicians will be on hand, including bounded mayors and burghal board associates in the bay breadth and canton assessors,” Schatt detailed. “We will additionally accept crypto industry leaders – the CEOs of Cred, Uphold, Bitcoin.com, Omisego, and journalists.” Schatt added:
Digital Currency Innovation Coupled With Frictionless Stablecoin Settlement
The accident allurement addendum there will be music, food, and cocktails. Special guests will accommodate associates of the Blockchain Advocacy Coalition, Bitcoin.com CEO Stefan Rust, Mayor of Emeryville Ally Medina, and Berkeley Councilmember Ben Bartlett. The accident will not alone affectation the able abeyant of cryptocurrencies like bitcoin banknote but additionally the addition abaft stablecoins. The Universal Dollar (UPUSD) is a stablecoin issued by the Universal Protocol and the aboriginal stablecoin to be listed on Uphold. Every UPUSD is backed by the U.S. dollar and bill are minted on-chain with every transaction accounting to Ethereum.
“The UPUSD stablecoin is absolutely cellophane and 1:1 embodied with USD. This demonstrates the ability of several companies advancing calm to abutment the actual applied use case of accouterment decidedly bigger banking casework to cash-intensive industries,” Schatt told news.Bitcoin.com. “Every transaction, whether it is facilitated with a debit, credit, prepaid or BCH — Paying after-effects in the acquirement of LBA as a adaptation account token, which is again collateralized and UPUSD is avant-garde to the merchant. It requires a lot of companies alive calm — Cred as a accountant lender, the Universal Alliance as the minter of the stablecoin, the affiliation of BCH in the PoS system.”
The accident “Taking Crypto to a New High” at the Ohana Dispensary on October 30 will alpha at 5:30 p.m. and the organizers say “make abiding to accompany your Crypto wallet to acquaintance a advocate new use case for blockchain.” Moreover, chargeless busline will be provided to credentialed San Francisco Blockchain Week attendees. If you are accessory the blockchain appointment in the Bay breadth and appetite to see a advocate all-around merchant solution, again annals for the chargeless accident here.
What do you anticipate about Cred’s Global Merchant Solution? Let us apperceive in the comments area below.
Image credits: Shutterstock, Cred, and Pixabay.
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