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ClearCryptos, the mission-driven company leading the way in crypto optimization, and US Federal Contractor Registration (USFCR), the global leader helping companies conduct business efficiently and successfully with the US government, are thrilled to announce a partnership that will enable federal government contractors to leverage the distinct and unique technological capabilities of blockchain.
This groundbreaking partnership is spearheading the introduction of blockchain technology to all current and future USFCR clients. Facilitate the ability via blockchain to ensure that every contract is effectively implemented and executed, while tracking and documenting every dollar involved.
USFCR President Eric Knellinger said:
“We see this as the future of government contracting, so we’re acting now, thinking ahead for our clients, positioning them for ultimate success.”
Under the agreement, ClearCryptos becomes USFCR’s sole blockchain provider, developing a cheaper and faster way to facilitate contractor payments. The partnership will provide USFCR customers with the ability to develop smart contracts based on ClearCryptos blockchain technology, preparing them for next-generation contracts that incorporate Treasury-backed digital currency compensation.
Larry Lundy, CSO, ClearCryptos, said:
“We look forward to building our relationship with the USFCR to provide ease of use, security, and improve several fundamental friction points in current processes.”
In 2021, the federal government paid approximately $575 billion to federal contractors, including a record number of small businesses, many of which are USFCR clients.
Eric Knellinger, Chairman of the US Federal Contractor Registration, said:
“Public procurement is often a slow and opaque process that lacks transparency and accountability. Today’s announcement, powered by ClearCryptos’ state-of-the-art platform, paves the way for the future of government contracts.
ClearCryptos will continue to roll out additional partnerships with companies and communities that share the same values – integrity, trust, resilience – and will seek to protect, enhance and expand the cryptocurrency space.
Benefits for ClearCryptos Users and Holders
- Despite market conditions, enterprise solutions will drive growth and sustainability. $CCX is the membership token purchased by these customers to participate in the blockchain solution. This attracts business owners in addition to retail owners. USFCR has represented over 300,000 clients and each of them is a potential corporate client and $CCX holder.
- Lay the foundations for a new integration of Web 2.0 projects into Web 3.0. $CCX while creating the foundation for large Web 2.0 companies to integrate with cryptocurrency, while solving existing problems in the financial industry. USFCR is a highly respected company that will bring confidence to other enterprise solutions to come forward and want to be part of the ClearCryptos family.
- Enterprise solutions and retail products that drive sustainability and growth, regardless of market circumstances. Indeed, with each sale, a portion of the sale will go towards the purchase of $CCX to introduce the customer to cryptocurrency and establish their membership in the ClearCryptos ecosystem. Overall, this type of partnership will attract holders every year, and as USFCR grows as a company, ClearCryptos will grow with them.
Eyes on the future
With this partnership, ClearCryptos strives to onboard hundreds of thousands of small, medium, and large businesses into cryptocurrency, helping people better understand and grow the importance of cryptocurrency to normal day-to-day operations. . This partnership will be a way to significantly reduce payment times for businesses in the future without the frictions and limitations of current financial systems. Using this blockchain technology, with active monitoring of contracts, the government will be able to meet the small business thresholds, which will benefit both the government and small businesses.
Cryptocurrency Opens New Doors for Small and Medium US Federal Entrepreneurs
The federal government awarded contracts worth $575 billion in 2019, up from about $545 billion in 2018. Of contracts awarded in 2018, the US Small Business Administration estimates that 25.05 percent (or about 120 $.89 billion) went to small businesses.
ClearCryptos hopes to transition the majority of these contracts to cryptocurrency through their platform, reducing the time it takes contractors to get paid by more than 95%, for their government contracts.
This is an exciting evolutionary step for cryptocurrency in general, with crypto projects beginning to integrate with contract-based Web 3.0 businesses. We look forward to ClearCryptos serving as a major catalyst for the US economy and streamlining, protecting crypto and fiat currency transactions.
USFCR Background
USFCR (US Federal Contractor Registration) is the world’s largest and most trusted full-service government contracting solutions provider. With more than 14 years of experience in the federal marketplace, USFCR has completed more than 200,000 compliant System for Award Management (SAM) registrations for businesses and nonprofits. In addition to managing SAM records, USFCR offers a proprietary platform, the Advanced Procurement Portal, and comprehensive turnkey solutions such as contract consulting and contract lifecycle management to bring federal contractors from registration to award and beyond.
ClearCryptos background
ClearCryptos (CCX), a company based in San Juan, Puerto Rico, the first protocol is a decentralized exchange (DEX) with an aggregated solution that will find the best path for the user to exchange cryptocurrencies by giving the user the best possible rates, while also showing the user’s alternative options.
ClearCryptos trading and analytics is powered by our powerful SiriusIQ DNA platform, which is designed for secure, reliable and scalable workflow, AI, analytics and data automation operations.
To learn more about ClearCryptos, please visit our website.
This post is sponsored. Cointelegraph does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other elements of this page. Readers should do their own research before taking any action related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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