Universal Protocol Monthly Report: September 2019

The fourth monthly update report from the Universal Protocol Alliance

We would like to extend a big thank you to our loyal, global community, who has supported us through these past few months of development. We wanted to begin this final stretch of 2019 with substantial updates on what we have been busy creating.

Our primary goal over September was finalizing the details for our IEO with an exchange partner. This announcement is days away from being finalized, and we are very excited to share the details with you next week. As a sign of our appreciation to our global community, we are discussing internally how best to reward our faithful community for their commitment to our mission of bringing transparency and usability to the global blockchain industry.

Additionally, we have been working through September to solidify a partnership with a world-class crypto organization, and welcome them into the alliance. This partnership is in the very last stage of onboarding, and we expect to announce it shortly. They will join our existing alliance members, including Bittrex Global, Cred, Uphold, Brave, Blockchain at Berkeley, and CertiK. This new member will incorporate UPT into their network functionality, paving the way for new uses of UPT in the crypto community.

Finally, the Universal Protocol alliance made history in Berkeley California as the first network to facilitate a crypto-cannabis purchase. Last month, Berkeley City Councilmember, Ben Bartlett, made the first-ever official crypto-cannabis purchase using Bitcoin Cash (BCH) and the Universal Dollar (UPUSD). The process took seconds and resulted in substantially lower transaction fees for the dispensary. This transaction was the first of its kind and is the kick-off for a California initiative called AB 953 — a bill that would enable the state to accept cannabis tax remittance via stablecoin.

News Across the UP Alliance

Uphold — Uphold added Digibyte and 14 other new cryptocurrencies to their exchange. Brave users can now cash out their BAT tokens through the Uphold wallet.

Cred — Through partnership with Cred, Berkeley politician uses crypto to buy cannabis for tax remittance purposes.

Brave — Brave proposes decentralized crypto-enhanced VPN with extra focus on anonymity. Brave becomes the number one downloaded Android browser in Japan. Brave browser catches Google tracking users with hidden web pages.

Bittrex — Bittrex announces new trading platform base in Liechtenstein.

CertiK — CertiK formal verifications leverage mathematical logic to secure blockchain systems and accelerate mainstream adoption.