Bitcoin.com to list Universal Protocol Alliance Mega-Utility Token

It's been confirmed by a source on BusinessWire that Bitcoin.com will provide the first listing for the Universal Protocol Token (UPT). UPT is a mega-utility token backed by Universal Protocol Alliance, a set of blockchain organizations that include: Cred, Bittrex Global, Uphold, Blockchain at Berkeley, CertiK and OmiseGO.

“At Bitcoin.com Exchange we believe in tokens that tie communities and ecosystems together,” said David Shin, head of Bitcoin.com Exchange. “UPT is a perfect example of how an alliance of strong and active members can come together to create higher utility for its respective users. The very concrete and practical work the Alliance has done, the successful track record of its members, and the overarching mission of the Alliance aligns well with the key criteria we look for at the Bitcoin.com Exchange.”

Bitcoin will not only list UPT but also Universal Protocol Stablecoins, including the Universal Dollar (UPUSD), Universal Euro (UPEUR), in addition to an ERC-20 version of Bitcoin, the Universal Bitcoin (UPBTC).

“The early days of the internet were very similar to the world of blockchain today, with many different technology platforms fragmented and incapable of communicating with each other,” said JP Thieriot, co-founder of the UP Alliance and Uphold. “We believe that the Universal Protocol Platform is a technology that has the potential to connect blockchain technologies - much like the breakthrough of the TCP and IP protocols that drove the internet towards mass adoption.”

“We are thrilled to build technology that solves real problems for customers, merchants, and elected officials to help usher in the next 100 million users of blockchain,” said Dan Schatt, co-founder of the Universal Protocol Alliance and Cred. “Not only does blockchain technology result in significant cost reduction for consumers and merchants, but it also enables highly productive tax collection, transparency, and predictability for city and state governments.”