Credits Blockchain Platform informed the crypto community about its entry on the European Crypto market. Thanks to the speedy expansion because of partnership agreements and refined tech products, the blockchain platform Credits, got a new license for the exchange of cryptocurrencies and peer to peer services. Let’s find out more about the upcoming Blockchain news.
According to the announcement, the main legislative innovation for some of the countries in the European Union is the establishment of special permission or license which allows crypto-based businesses to perform crypto exchange operations, including exchange for traditional or fiat money. One of these companies is the Credits blockchain platform which aims its activities at using blockchain technology in IT solutions and businesses by using autonomous smart contracts. This way, the company is able to create a store transaction and data throughout the network, based on the innovative Proof-of-agreement protocol which makes all of the information cryptographically secure.
Credits Obtained European Crypto License✅
— Credits Blockchain Platform (@creditscom) June 15, 2020
The Credits platform is different from others because of the technical characteristics that allow it to be the accepted platform in a wide range of industries, and praised by the crypto community. To accelerate this process, the company obtained the much-needed crypto license for its business niches. This step allows it to get the needed legality of virtual value. The Credits currency is tax-free, the official license for the legal payment and exchange online transactions is now available as well and there is also an official crypto-wallet license.
Concerning the latest broad partnership base, Credits made a bilateral agreement with Axcess Merchant Services acquiring company which had a huge role in bringing credits technology to the European Crypto Market. These opportunities will open the door for the platform to adapt and develop new strategies on the market.
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The credits platform can be distinguished by high-speed transactions and low fees but also sophisticated smart contracts. The blockchain platform ensures to provide a speed of around 50,000 transactions per second as well as a commission of about 0.0001 USD for each transaction. The smart contracts of the platform have new and advanced capabilities and these characteristics are an advantage since the commissions for transfers are low and tokens are carried out in less than 5 minutes. This makes an ideal solution for payments and transfers so the company aims to open a full access plan to its protocol for the partners to launch several blockchain-based solutions for such markets as loyalty, data storage, and supply chain.
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