Universal Protocol Monthly Report: August 2020
The fifteenth monthly update report from the Universal Protocol Alliance
Greetings to our global UP community, we are excited to provide you with a monthly update for August 2020. During the past month, we have successfully deployed UPXAU, also known as Universal Gold. We have also made significant headway on a new digital asset that we will be announcing in September, one that tracks a different route than our previous stablecoins and tokens.
Earlier in August we launched our newest token on Uphold, Universal Gold, a token backed by the Western Australian government-owned Perth Mint. This marks the first significant gold crypto token that has been backed by any government globally. This marks a new frontier for Universal Protocol, as we branch out into delivering new digital assets, unlike anything seen before in the crypto markets.
UPXAU can be purchased on Uphold (in select countries) and users who have the Uphold debit card can spend UPXAU with it. UPXAU is free to hold, with no type of custody fees seen in traditional, mainstream gold products.
Also during August, UP Alliance Member Cred began allowing users to stake UPXAU on CredEarn, so that they can earn interest on Universal Gold. This highlights one of the many uses of UPXAU among UP Alliance members.
Universal Protocol is still inspired by our vision to bring mass adoption to the crypto world by creating products of real value that mainstream consumers can relate to and engage with. As the global economic markets enter the last 4 months of 2020, products like UPXAU will provide a safe harbor during rough economic cycles. Through the launch of UPXAU, and our next round of revolutionary digital assets, we are sticking to our promise.
For further updates, please stay tuned to our Telegram and Twitter accounts.
News Across the UP Alliance
Uphold
Oz Government-backed Perth Mint Creates Blockchain Joint Venture. Digital Investment Platform Uphold Now Allows Customers to Buy Physical-Gold Backed Token Universal Gold. Bitcoin surges to 2020 High. Saving, Spending, and Trading on Crypto Rails w/JP Thieriot of Uphold.
Cred
Bitcoin.com Wallet Launches Cred’s 1-Touch “Earn” Button. 11 Million Bitcoin Holders Can Now Earn Interest Following Cred Partnership with Bitcoin.com. Cred to Enable In-App Staking Through Klever Wallet. Passive Income Via Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts.
Bittrex Global
Government-Backed Tokenized Gold With “Killer Features”. Bittrex Global Welcomes Centric As First Ever TRC20 Token Listed on the Platform. Impact of Covid-19 on Cryptocurrency Software market — Bittrex.
Blockchain at Berkeley
Ben Bartlett Berkeley Councilmember Video Series On Blockchain And Black Community Part 3. Global Blockchain University Program Launches. 20 Top Universities Join Oasis Blockchain Network’s Data Program.
Ledger
Top Cryptocurrency Wallets of 2020. Ledger CTO discusses wallet’s safety after multiple security setbacks.
