Universal Protocol Alliance To List Mega-Utility Token On Bitcoin.com Exchange

THELOGICALINDIAN - In accession to advertisement the Universal Agreement Alliances megautility badge Bitcoincom Exchange will additionally account the groups stablecoins as able-bodied as abutment interoperability amid the Ethereum agreement and the Simple Ledger protocol

Also Read: Cred Merchant Solutions to Help Unbanked Business Sectors

Bitcoin.com Exchange to List Mega-Utility Token

It was appear today that Bitcoin.com Barter will accommodate an antecedent barter advertisement to abutment an interoperable mega-utility badge backed by the Universal Protocol Alliance, the Universal Protocol Badge (UPT). The new badge is accepted to be on listed Nov. 20, 2024, and will be accessible for trading by non-U.S. bodies only.

In accession to advertisement UPT, the belvedere will additionally be advertisement Universal Agreement Stablecoins, including the Universal Dollar (UPUSD), Universal Euro (UPEUR), in accession to an ERC-20 adaptation of bitcoin core, the Universal Bitcoin (UPBTC). The barter will additionally abutment interoperability amid the Ethereum agreement and the Simple Ledger agreement on Bitcoin Cash, as able-bodied as assignment to advance the Universal Yen (UPYEN).

The Universal Protocol Accord is a accumulation of agreeing cryptocurrency companies and blockchain organizations that appetite to affix altered agenda assets in a distinct network. The accord associates accommodate Bittrex, Brave, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred. Bitcoin.com Exchange now supports the accord and its mission to accommodate blockchain interoperability, boilerplate customer safeguards, and applied applications for blockchain that abate time, accomplishment and amount for businesses and consumers as able-bodied as bounded governments.

“At Bitcoin.com Exchange we accept in tokens that tie communities and ecosystems together,” said David Shin, arch of Bitcoin.com Exchange. “UPT is a absolute archetype of how an accord of able and alive associates can appear calm to actualize college account for its corresponding users. The actual accurate and applied assignment the Accord has done, the acknowledged clue almanac of its members, and the overarching mission of the Accord aligns able-bodied with the key belief we attending for at the Bitcoin.com Exchange.”

Bitcoin.com Exchange was launched on Sep. 2, as an easy-to-use trading belvedere that offers world-class aegis and a able trading engine. The area has a advanced array of trading pairs like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC) and denominated markets with abject currencies such as binding (USDT), bitcoin banknote (BCH), and bitcoin amount (BTC). The belvedere employs institutional-grade encryption, two-factor affidavit (2FA) and IP whitelisting, meant to accumulate users’ accounts defended at all times. If you haven’t active up yet, the action takes beneath than a minute and you can alpha swapping agenda assets anon afterwards you register.

The Universal Protocol Alliance Mission

Founded in 2018 to advance boilerplate acceptance of blockchain technology, the Universal Protocol Alliance is aiming to aftermath applicable and businesslike use cases that can account consumers, businesses, and governments globally. The accumulation has articular that abounding users charge avant-garde solutions to move agenda assets seamlessly beyond altered wallets, exchanges, and networks. In accession to the contributions fabricated by accord members, anniversary affiliate alignment will accommodate and absorb UPT anon into their businesses, which will be appear anon by the group.

“The aboriginal canicule of the internet were actual agnate to the apple of blockchain today, with abounding altered technology platforms burst and butterfingers of communicating with anniversary other,” said JP Thieriot, co-founder of the UP Alliance and Uphold. “We accept that the Universal Protocol Platform is a technology that has the abeyant to affix blockchain technologies – abundant like the advance of the TCP and IP protocols that collection the internet appear accumulation adoption.”

Digital assets like bitcoin banknote and ethereum accomplish on disparate networks that currently cannot acquaint with anniversary other. Collaboration in allusive means after cher workarounds charcoal difficult, consistent in analytical inefficiencies. Universal Protocol Platform has a band-aid to break this advice problem, one that will accredit all absolute cryptocurrencies to become available, and fungible, on one blockchain network: the addition of Proxy Tokens.

Universal Protocol afresh approved a new account for vendors alleged Cred Merchant Solutions, which accustomed adopted California officials, forth with associates of the community, to acquirement appurtenances at a bell-ringer with bitcoin banknote (BCH). This apparatus permits merchants to achieve affairs in the Universal Dollar in real-time, and transmits the tax remittance to the adapted government authorities. Universal Protocol has declared its abutment for California Assembly bill AB 953, which would admittance the California accompaniment government to acquire tax remittances in stablecoins like the Universal Dollar. This is meant to boldness a cogent tax-collection affair for governments, and paves the way for absolute acceptance of agenda assets beyond the accompaniment .

“We are captivated to body technology that solves absolute problems for customers, merchants, and adopted admiral to advice conductor in the abutting 100 actor users of blockchain,” said Dan Schatt, co-founder of the Universal Protocol Alliance and Cred. “Not alone does blockchain technology aftereffect in cogent amount abridgement for consumers and merchants, but it additionally enables awful advantageous tax collection, transparency, and adequation for burghal and accompaniment governments.”

What do you anticipate about the Universal Protocol Alliance advertisement the mega-utility badge and stablecoins on Bitcoin.com Exchange? Share your thoughts in the comments area below.

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