SAN FRANCISCO – (BUSINESS WIRE) – December 6, 2018 – Cred, the leading cryptographic credit provider with over $ 300 million in receivables and the Universal Protocol Alliance, creator of the Universal Protocol Platform, announced today that it will join the council of the Blockchain Advocacy Coalition to provide education and support to state and federal legislators and regulators.
"We are delighted to welcome Cred and the Universal Protocol Alliance to our board of directors," said Ally Medina, Executive Director of BAC. "These pioneering blockchain organizations are at the peak of innovation.When working closely with policymakers and regulators, the members of our board of directors will contribute to the development of weighted policy initiatives to support innovation in the blockchain industry and will benefit the US economy.
Blockchain Advocacy Coalition took the time to build relationships in Sacramento with policy makers, regulatory bodies and office owners. California has half of the cryptocurrency and the nation's blockchain industry, a share that will increase with the passage of more positive legislation. The state is in a unique position to lead the nation on the regulation that supports blockchain innovation, and we're here to make sure it's done well. The reflective legislation passed here can serve as a model for the federal government and other states ".
"We are delighted to be working with BAC to help policymakers understand and support encryption and blockchain friendly policies," said Dan Schatt, co-founder of Cred and Universal Protocol Alliance. "Our mission is to offer a more equitable, transparent and inclusive package of financial services through blockchain technology, and to help Sacramento and Washington understand the political implications with this new technology will ensure that priority can be defined accordingly."
"California has always been a place of innovation and opportunity, and SB 838 shows how we can use technology to increase consumer protection and help prevent fraud," said Senator Hertzberg (D-Van Nuys). "The fact that it was signed into law is a great testament to the work done throughout the state by people like Blockchain Advocacy Coalition to advance this rapidly growing technology."
Information on the Blockchain Advocacy Coalition
The Blockchain Advocacy Coalition is committed to educating regulators and regulators about blockchain technology and promoting legislation that supports innovation. BAC supports the political defense that directly benefits the blockchain and cryptocurrency industry and allows its members to gain access to and view policies at local, state and federal levels and to get in touch with other businesses that share these values.
Information on Cred
Cred is a decentralized global loan platform that facilitates open access to credit anywhere and anytime. Founded by former veterans of PayPal financial technology, Cred's mission is to exploit the power of the blockchain to allow everyone to benefit from low-cost credit products. Cred's LBA token is available in over 180 countries, including the United States. For more information, visit mycred.io or follow us on chirping, Facebook and LinkedIn,
Information about the Universal Protocol Alliance
Universal Protocol Alliance (UP) is a coalition of cryptocurrency companies and blockchain pioneers, the Universal Protocol Alliance seeks to accelerate the adoption of blockchain as a traditional financial technology by making digital assets more accessible, secure and affordable. The Alliance consists of Uphold, Brave Software, Cred, Blockchain in Berkeley and FBG Capital.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
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PUB: 06/12/2018 03:38 PM / DISC: 06/12/2018 03:38 PM