In the recent announcement, the Credits company has informed the crypto community about entering the European market. Due to the rapid expansion of partnership agreements and refinement of many tech products, the blockchain platform has received a license for the exchange of cryptocurrencies, crypto-wallet, and peer-to-peer services.
The main legislative innovation for some countries is the establishment of special permission (a license) that allows crypto-oriented companies to perform cryptocurrency exchange, including exchange for traditional or fiat money. One of the companies is Credits, whose activity is aimed at using blockchain technology in business and IT solutions by using autonomous smart contracts to create and store transactions and data throughout the network. The platform is based on the innovative Proof-of-Agreement protocol, all information is cryptographically secure.
The Credits platform is distinguished by technical characteristics that allow the platform to be accepted for use in a wide range of industries. To accelerate this process the company has obtained the crypto license for its business niches. This step allows it to get the following legality of virtual value:
- Credits (CS) currency is tax-free;
- The official license for a legal payment and exchange online transactions with the involvement of cryptocurrencies along with traditional (fiat) ones;
- Official crypto-wallet license.
Concerning the Credits’ broad partnership base, it can be mentioned that the recent bilateral agreement with the Axcess Merchant Services acquiring company, had a significant role in bringing Credits technology to the European market. Such opportunities open the door for Credits to adapt and develop new strategies on the market.