SAN JUAN, Puerto Rico, Jan. 17, 2023 /PRNewswire/ — ClearCryptos, the mission-driven firm charting a path to crypto optimization, and US Federal Contractor Registration (USFCR), the worldwide chief in aiding firms to effectively and efficiently conduct enterprise with the U.S. authorities, are excited to announce a partnership that may enable federal authorities contractors to leverage the distinct and distinctive technological capabilities of the blockchain.
This groundbreaking partnership spearheads the introduction of blockchain know-how to all USFCR’s present and future shoppers. Facilitating the power by way of the blockchain to make sure each contract is successfully carried out and executed, whereas additionally monitoring and documenting each greenback concerned.
“We see this as the way forward for authorities contracting, so we’re appearing now, considering ahead for our shoppers, positioning them for final success,” stated Eric Knellinger, President of US Federal Contractor Registration.
Below the settlement, ClearCryptos turns into USFCR’s sole blockchain supplier, creating a less expensive and sooner option to facilitate contractor payouts. The partnership will present USFCR’s shoppers the power to develop sensible contracts constructed on ClearCryptos’ blockchain know-how, making ready them for subsequent gen contracting that comes with treasury-backed digital forex compensation.
“We’re trying ahead to constructing our relationship with USFCR to supply ease of use, safety and bettering a number of basic friction factors within the present processes,” stated Larry Lundy, CSO of ClearCryptos.
In 2021, the federal authorities paid out an estimated $575 billion to federal contractors, together with a file variety of small companies – lots of them USFCR shoppers.
Knellinger continued, “Authorities contracting is usually a sluggish, opaque course of missing in transparency and accountability. Right this moment’s announcement, powered by ClearCryptos’ cutting-edge platform, paves the best way for the way forward for authorities contracting.”
ClearCryptos will proceed to roll out extra partnerships with firms and communities that share the identical values—integrity, belief, resilience—and search to safeguard, enhance, and increase the cryptocurrency house.
Advantages for ClearCryptos Customers and Holders
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Regardless of market circumstances, enterprise options will promote progress and sustainability. $CCX is the membership token bought by these clients to take part within the blockchain resolution. This attracts enterprise holders along with retail holders. USFCR has represented over 300,000 clients and every of them is a possible enterprise buyer and holder of $CCX.
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Laying the groundwork for a brand new integration of Net 2.0 initiatives into Net 3.0. $CCX whereas creating the inspiration for big scale Net 2.0 firms to combine into cryptocurrency, whereas additionally fixing current points within the monetary sector. USFCR is a well-respected firm that may convey confidence to different enterprise options to come back ahead and wish to be part of the ClearCryptos household.
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Enterprise options and retail merchandise that promote sustainability and progress no matter market circumstances. It is because with each sale a portion of the sale will go towards shopping for $CCX to introduce the client to cryptocurrency and set up their membership throughout the ClearCryptos ecosystem. General, such a partnership will herald holders yearly and as USFCR grows as an organization ClearCryptos will develop with them.
Eyes on the Future
With this partnership, ClearCryptos is working to combine a whole lot of hundreds of small, medium, and large-scaled companies into cryptocurrency, serving to individuals additional perceive and develop the significance of cryptocurrency for regular on a regular basis enterprise. This partnership shall be a option to considerably scale back payout occasions for companies sooner or later with out the friction and limitations of present monetary programs. This blockchain know-how, with lively contract monitoring, the federal government will be capable to hit their small enterprise put aside thresholds, benefiting each the federal government and small companies.
Cryptocurrency Opens Doorways for Smaller- to Medium-sized US Federal Contractors
The U.S. federal authorities awarded contracts valued at $575 billion in 2019, up from about $545 billion in 2018. Of the contracts awarded in 2018, the U.S. Small Enterprise Administration estimates that 25.05% (or an estimated $120.89 billion) went to small companies.
ClearCryptos is hoping to transition a majority of these contracts to cryptocurrency by their platform, lowering the time it takes for contractors to be paid by over 95% for his or her authorities contracts.
That is an thrilling evolutionary step for cryptocurrency on the whole with crypto initiatives beginning to combine with contract-based Net 3.0 firms. We stay up for ClearCryptos serving as a serious catalyst to the US financial system and streamlining, defending crypto and fiat cash transactions.
USFCR Background
USFCR (US Federal Contractor Registration) is the world’s largest and most trusted full-service authorities contracting resolution supplier. With over 14 years of expertise within the federal market USFCR has accomplished over 200,000 compliant SAM (System for Award Administration) registrations for companies and nonprofits. Along with managing SAM registrations, USFCR presents a proprietary platform, the Superior Procurement Portal, and turn-key complete options reminiscent of contract consulting and contract lifecycle administration to take federal contractors from registration to award and past.
ClearCryptos Background
ClearCryptos (CCX), an organization based mostly in San Juan, Puerto Rico, first protocol is a decentralized alternate (DEX) with an aggregated resolution that may seek for one of the best pathway for the person to swap cryptocurrencies giving the person one of the best charges attainable, whereas additionally exhibiting the person alternate choices.
ClearCryptos buying and selling and analytics is predicated on our highly effective SiriusIQ DNA platform, which is designed for safe, dependable, and scalable workflow, AI, analytics, and information automation operations.
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SOURCE ClearCryptos