Universal Protocol Monthly Report: July 2020
The fourteenth monthly update report from the Universal Protocol Alliance
We would like to begin our Monthly Report to our global community by thanking you for your continued loyalty to Universal Protocol. 2020 has been a wild ride for nearly all of us, but we have been diligently working this entire year to continue developing an ecosystem that works for everyone, and delivering products that real people all over the world can use.
This past month UP was extremely proud to begin collaborating and integrating with our newest UP Alliance Member — Ledger. Ledger supports all UP tokens on its Ledger Vault and on its various hardware devices. The recent addition of Ledger to the Alliance has allowed for our teams to integrate Ledger Vault as a security provider to support UPT.
Our biggest achievement during the month of July was the launch of a new UP token, supported 1:1 with 1 troy ounce of gold. Universal Gold, or UPXAU, can be purchased on Uphold and spent using the new Uphold debit card. It can also earn interest through Cred.
UPXAU is a truly monumental milestone for the Universal Protocol Alliance. During one of the greatest economic upheavals of the last two centuries, we have tokenized arguably the most consistent asset in existence — physical gold. As happens during most times of economic tumult, gold is seeing a rise in its value.
UPXAU is to crypto finance what “clicks and mortar” was to e-commerce, a simultaneous merger of the digital and the physical. This marks a critical moment for Universal Protocol, as the development of our stablecoins and tokens takes its next step beyond the realm of currencies and into other types of highly valuable assets.
For further updates, please stay tuned to our Telegram and Twitter accounts.
News Across the UP Alliance
Uphold
Crypto Gold — It’s A Thing! New Stablecoin Checks All the 2020 Fear Boxes. Open the Floodgates: US Customers to See More Crypto Accessibility. San Francisco: Usage of Cryptocurrency for Business. Another Gold Stablecoin Backed by Perth Mint As 2020 Turmoil Continues. Uphold Allows Users To Spend Digital Gold on Debit Card.
Cred
CeFi vs. DeFi: Would You Code or A Computer With Your Bitcoin? Here Are Five Other Ways To Earn Bitcoin in 2020. Crypto Lending 101 — Everything You Need To Know About Managing Risk. The Best Decentralized Finance Lending Platforms In 2020.
Bittrex Global
As Gold Hits 9 Year High, Bitcoin Eyes Price Breakout.
