[ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]

[Kotarastra]

The Credits platform has joined the Oracle for Startups program to collaborate and extend its technological solutions with those of the world-class cloud solutions provider.

The Credits platform is one of the leading decentralized solution providers on the blockchain market operating in a variety of industries. The company’s blockchain infrastructure operates on the PoA algorithm and conducts transactions with a speed of 1 second and costs per transaction starting at $0.001.

The platform is being developed by an expert team of programmers and is advancing in its stages of adoption and distribution among international and domestic clients with multiple companies from the oil and gas, logistics and other sectors relying on its solutions for their business processes.

Some of the market sector categories that the platform allows creating products in are decentralized applications and services such as:

• DEXs;
• Gambling and gaming applications;
• Marketplaces;
• Escrow services;
• Mobile and web wallets;
• Blockchain research applications;
• Stablecoins;
• Applications for financial, insurance, logistics, medical, industrial and consumer goods.

In addition, to create its own solutions, the Credits platform has entered into a collaboration with Oracle for Startups after realizing the potential for business interaction between companies. Working together, companies can enable customers with the ability to develop products based on the technologies developed by their in-house technical teams.

Given the features of blockchain technology, every startup business planning to deploy its technology-based application needs to launch a node to interact with cryptocurrencies and their platforms. The Oracle Cloud platform is the ideal solution as the optimal environment for launching nodes quickly and efficiently.

Oracle for Startups is a unique acceleration program that enables mutually beneficial business-building partnerships for startups, the customers, and Oracle. The program starts with a free cloud and expands to a rich collaboration that brings opportunities to engage with Oracle’s vast network of mentors, product experts, and customers. The program is creating a virtuous cycle of innovation, as Oracle for Startups grants its partner projects the opportunity to automatically receive cloud credits to start building on Oracle Cloud. Some of the products offered as part of the project include Oracle Cloud Infrastructure, Oracle Blockchain, Oracle Autonomous Database, Oracle Analytics Cloud, Container Engine for Kubernetes, Oracle Integration Cloud, and many more.

The combination of solutions offered by Credits and Oracle for Startups can become a game-changer for many business niches. One of the industries where blockchain technology can prove its suitability is the video game industry.

The Credits blockchain is an infrastructure platform that can create better and more secure video game content registries capable of quickly identifying media assets and their owners. Such approach can significantly reduce the risk of litigation by content owners and ensure that they will receive timely and fair remuneration for their content.

The Credits blockchain can also be employed to create content registries that can quickly and automatically identify assets and establish ownership every time the content is made use of. The automation of the process and the speed with which the Credits blockchain operates means that human interference in the process of content rights identification and compensation becomes redundant.

The use of the Oracle Cloud solutions in storing its royalties data through the use of the Credits blockchain can benefit the entire industry in the near future.

Given the expansion of applications for blockchain technologies in the coming years, the cooperation between Credits as the leading decentralized solutions provider and Oracle for Startups as an established and versatile solutions provider and developer grants businesses a reliable partner when seeking decentralized and technologically advanced solutions. The requirements of the modern business environment are fully covered and catered with the combination of Credits and Oracle technologies.

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[devesh.g]

Hi folks....

So how can I stake or delegate my tokens?

Want to try staking.

Is anyone from the Credits team/community active??

I need some help!

[altcoinmoscow]

Hey! The project is dead by now. They reply only in their telegraph group. Please try asking there

[Olesa999]

Funny, after a swap, ERC-20 tokens are traded 4 times higher than coins from the CS blockchain. It was not necessary to change coins, I would sell more.

[sv.alyona]

Credit has a new partnership with the GeoDB project, whose goal is to create reliable big data for companies
https://www.altcoinbuzz.io/cryptocurrency-news/partnerships/credits-partners-with-geodb/

[sv.alyona]

Kucoin exchange temporarily suspended the input of CS tokens withdrawal for maintenance reasons
https://www.kucoin.com/news/en-cs-deposits-and-withdrawals-temporarily-closed-0502

[barnes13]

Earlier there was news that the project was fraudulent and project tokens would be removed from many exchanges. It's true?

Hello, that is not true. The valid information that I got from the core team was that they were focused on delivering their products to meet the roadmap that had been set up, and cooperating with several well-known companies to establish partnerships. You can see their latest news through this link

Credits Mobile Wallet Release

The Credits team is proud to announce the release of the first version of the Mobile Wallet. As the underlying goal of any blockchain project, adoption is very important and with the release of the first version of the Credits Mobile Wallet, the project made the first step to reach global adoption in the Banking, Loyalty and Crypto industries.

Credits wallet

Neobank for easy purchases with benefits by using the Credits mobile app. Credits team delivers a product that offers consumers an opportunity to make purchases and receive the most beneficial cashbacks in CS coins. In the meantime, the Credits team keeps innovating to add more features to the mobile wallet. The user will experience discounts and automatically accumulate bonus points.

The main product features of the application are:
- Bank cards Mastercard
- Cashbacks
- Bank transfers
- Cryptocurrencies like CS, ETH, BTC and Stablecoins will be added gradually

Credits team is very keen to continue the development of the Credits Mobile Wallet to incorporate more features and to make it your favorite app for everyday use.

Please read more here

CSTool Service Release

Credits team is glad to introduce a CSTool service developed by Bas Knappers.

CSTool provides Credits users with the accurate detailed information about the Credits Blockchain Platform. This service has the following functionality:

- Usage of data from Credits Blockchain Platform and provide statistics in Telegram and on the visual interface in different formats
- Provides statistics on Node performances and shows the amount of staked coins per node
- Enables hourly notifications on Telegram that easily can show if a node is working or not
- Withdraw/deposit notifications that enable Credits Users to get the information when there is a transaction to his/her account with the detailed description
- Provides easy access to the greylist or blacklist of nodes
- The visual interface with a graph that provides information about every node behaviors or a world map to show the trust count per country
- Total node performance ranking

Please read more here

[barnes13]

Interview with Danny Fitzpatrick, Credits Advisor

Credits is glad to announce a new advisor - Danny Fitzpatrick.

Danny has been an Executive in the Fintech Industry for over a decade, specifically in the Digital Payments, Cloud-Based Banking and Virtual Card, Prepaid Card and Debit Card Sectors. In this capacity, Danny has worked along with Government bodies and with major companies in the Travel-, Airline-, Loyalty-, Payroll-, Insurance-, Cryptocurrency, and Banking-Industry while developing Industry Initiatives. He has also liaised with Senior Executives of Visa, MasterCard, Card Processors, Card Manufacturers and Card Issuers as part of building Fintech-related Card Businesses.

Danny is an Industry Expert in respect of Fintech Industry Structuring, Distribution, Regulations, Anti-Fraud, Risk Assessment, Risk Management, Compliance, KYC and AML. Prior to moving across to the Fintech Industry, Danny occupied Senior Positions in the Money & FX Markets Industry, in various Major International Banks, including Williams & Glyns Bank (now Royal Bank of Scotland), Christiania Bank (now Nordea Bank), Barclays Capital Markets, Mizuho Bank and Commerzbank. Danny has also previously been a Senior Trader of a London-based Hedge Fund, primarily engaged in managing clients’ SIPP Accounts.

Please read more here

[Shy Ronnie]

Partnership With Axcess
https://coindar.org/en/event/credits-cs-partnership-with-axcess-28869

[barnes13]

Credits and Axcess Partnership

Credits is happy to announce a partnership agreement with Axcess, a British bespoke payment solution provider

The Axcess team works with a wide range of banking partners and has gained an enviable reputation for providing reliable and effective payment solutions. Axcess works with each merchant to find out what they require and then find the right banking partner for them, from around 390 connected banks. Axcess will support Credits with the possibility of accepting Visa / Mastercard bank cards within the Mobile Wallet app, provide acquiring and gateway services, and fraud prevention tools to minimize security risks and ensure the safety of our business.

Axcess provides the ability to have multiple banks connected on the same gateway if required to ensure that changes in bank appetite or mitigation of risk can be more actively managed by the merchant. This partnership opens doors for the implementation of CS coin and blockchain technology in a variety of services. There are great opportunities for the adoption of related products, such as Credits wallet and stablecoins.

Please read more here

Credits Obtained European Crypto License

Credits team would like to share great news for all our community! From now on, we are entering a clear path towards the European market. To achieve this, we have taken several important steps, including obtaining a compulsory crypto license!

Today, the payments sector is obsessed with technology and globalization. The development of innovative ideas and the provision of appropriate conditions allows the company to reach a new level of a more global network. Our task is to effectively carry out ubiquitous and efficient transactions between users, gradually expanding our user base.

With the introduction of an increasing number of our partners, among which there are companies-acquirers, we have increased the opportunities for our users. The essential step in the development of our technology becomes obtaining a crypto license for Credits business niches. In response to this event, we would like to identify some new advantages for our crypto activities:

- Legislation of virtual value;
- CS currency is tax-free;
- The official license for a versatile exchange of virtual currency and fiat currencies;
- Official crypto-wallet license.

Please read more here

Credits Gets Membership At Level39: A Step to Achieve Best-in-Class Facilities

We are happy to inform you that our company meets all the necessary membership criteria of Level39 in London, home to the most ambitious entrepreneurs tackling the great challenges of our time!

Credits has successfully embarked on this process. We have received our membership card!

Level39 is the world's most connected tech community, consisting of 1250 leaders in cybersecurity, fintech, and retail tech. The main concept of it is to provide additional productivity to financial services, while at the same time ensuring the security of the economy from possible cyber threats. Companies come together to create a greater inclusion opportunity by competing, sharpening ideas, driving each other’s performance forward.

Among the other active members of the community in the field of blockchain and cryptocurrency are:

- Cex.io
- Etoro
- Nexo
- Revolut

Please read more here

Credits & Satoshi Club AMA Recap

On the 18th of June, Arjan Eikelenboom represented the Credits team on the SatoshiClub telegram channel. The "Ask Me Anything" session consisted of 3 parts. The members of SatoshiClub's community were highly involved in the discussion of Credits technology and asked a lot of interesting questions.

Please read more here

PurePay and Credits.com Team Up To Offer Innovative Payment Solutions

Credits team is excited to announce a promising long term alliance with UK based PurePay.

PurePay offers affordable credit/debit card processing solutions. Their line of product mix includes; e-commerce functionality; mail/telephone commerce; high volume online credit/debit card processing and retail commerce; a perfect match with Credits.

PurePay provides a comprehensive list of services, including:

- Credit Card processing
- Payment Gateway
- Corporate Structuring
- Anti-fraud Tools

The core of the services that PurePay offers are Payment Gateway Partners with low cost, flexible and secure card processing. It is a PCI DSS compliant platform, which will connect Credits to the payment providers and acquirers in the EU/US and Asia. It will also enable Credits to settle payments in any currency from customers across the globe.

Please read more here

Interview with Mike Aldren, Credits Advisor

Credits team is glad to announce a new advisor - Mike Aldren

Mike is a specialist in Payment Services and Business Process Outsourcing with broad leadership experience and strong commercial acumen. Expertise encompasses the complete lifecycle from sales and program inception, through delivery, to production support with particular emphasis on tailoring solutions and building business cases. Since 1986, Mike has worked in financial services for companies including EDS, Fiserv (Senior Vice President), Unisys (Client Relationship Director) and PCT (Chief Operating Officer) covering Investment Banking, Core Banking Systems, Cheque Processing and, since 2008, Card Payments.

Comfortable operating at board level Mike has worked in many countries from North America, through Europe, to Hong Kong, Iraq and South Africa.

Please read more here

[mdmtAGNTaj]

Can credits be used with chainlink?

[bitfex.trade]

Do You have interest in listing CS at the BitFex stock exchange without KYC?

[barnes13]

Can credits be used with chainlink?

Hello, I hope this news can help you understand more about the collaboration between Credits and Chainlink. If you have any further questions, please join Credits Telegram Group here.

Credits have obtained a New European Crypto License

Earlier this year, the regulators of Estonia audited all of their registered companies with a crypto license in line with the latest amendments of the law Combating Money Laundering and Financing Terrorism.

The result of this audit was that over five hundred crypto companies in Estonia lost their license as they did not comply with the regulatory requirements.

But we did!

We are very happy that Credits met all the new requirements of the Estonian regulator and received our renewed European Cryptocurrency License.

Please read more here

Release of a new mobile version of CREDITS Wallet

It introduces a number of important features, and the most exciting is the application support for Ethereum (ETH). Credits Team developers have done an amazing job to ensure the stability and security of the wallet ecosystem. Now with the latest update, you can deposit and withdraw ETH using CREDITS wallet!

Furthermore, we are not stopping here by adding ETH only and continue working on implementing more coins options to our wallet. We will keep you posted on the next ERC20 token inclusions!

Another feature of the latest update is about increased functionality of the window allowing you to attach documents for KYC. We have improved its usability by adding the option to make several camera shots of documents at once. We also have changed the design of the window which allows the mobile camera to capture images.

The third feature is that now you can choose and add to the home screen your favorite tokens (available only for those issued on CREDITS blockchain).

Please read more here


To read other news about Credits, please refer to this link

[contraband]

Credits seems VERY undervalued. This is what I'm always looking for.

Partnerships IBM, Oracle, etc......6m Marketcap

Ok so what's the deal with this. Can someone tell me why so extremely low?

What am I missing here?

[shinratensei_]

Ok so what's the deal with this. Can someone tell me why so extremely low?

What am I missing here?

people are not feeling satisfying with the development result that has already made by the team. So many people were also accusing the testing of TPS on the credit blockchain was not reliable.

That makes a lot of people were moving to another new project as people have been feeling skeptical about credit. the come of new projects has been making the difficult situation for the credit blockchain too.

So many events have already made by it didn't give a positive impact on the price. It's very similar to CHSB

[DutchFinity]

This is nice.

Evgeniy Butyaev is back with Credits!

[DutchFinity]

Credits Blockchain: why are we the fastest?

Credits, 10/09/2020

[...] That is why we say that the Credits blockchain is the fastest decentralized blockchain in the world based on BFT principles. It is impossible to process a transaction faster within a decentralized BFT network from a physics point of view.

Read the full article:

[DutchFinity]

CREDITS Weekly Digest



Credits, 11/09/2020

This week went as fast as usual for the CREDITS’ team, and here are some highlights!

We watch our community on TG and try to follow up on your questions immediately, however, when a more detailed reply from us is needed, we provide it within Tuesday's publication: Message from CEO. We encourage our community to ask us anything.

This week we had 2 interesting articles. One is to expand on how Credits Protocol works, and the other is on KYC practice. Please find them both in the News section if you have missed out.

The latest update on Node Reward Program was out on Sept 9th and is also available in the News section.

We have finished Credits Community Airdrop, which we run from 2nd to 9th of September, and where we accepted over 5k applications, yesterday we have randomly chosen 20 winners who were in full compliance with the rules and rewarded each of them with CS coins in the equivalent of 50 USD.

Our Team continues to work hard on Blockchain protocol development as well as CS wallet improvement. Some press releases for our products’ updates are to come out in the next few weeks.

Install our CS Wallet! Android/IOS

Credits Wallet provides highly efficient service for cryptocurrency operations
You can buy, sell, and send Crypto assets with amazing speed and super low commission.    

[DutchFinity]

Understanding KYC and AML in CREDITS products



Credits 11/09/2020

KYC (Know Your Customer) refers to a process used by financial institutions to gather and identify data and contact information from current and potential customers. KYC is required by law to prevent fraud, money laundering and misuse of financial accounts.

In the crypto world, it still is possible at times to create an account before conducting KYC. However, such accounts have limited functionalities.

CREDITS is EU licensed by the government of Estonia for providing crypto wallets and exchange services. In accordance to Estonian anti-money laundering laws we follow the mandatory KYC procedures.

What we do within the AML (Anti-Money Laundering).

KYC
Identifying and confirming demographic data of potential users, clients and customers.

AML
Continuous monitoring of transactions to ensure compliance, identifying suspicious activity and managing risk and user verification in accordance to the required lists.

Within our products and services, we provide the opportunity to work with fiat to convert digital assets like cryptocurrencies. This functionality is one of the highest in demand within the cryptomarkets right now. Being a provider of this service we have to follow AML and KYC regulations.

KYC on CREDITS’ products is performed by Sum & Sub (https://sumsub.com/), who are the market leader in KYC checks/procedures. Sum & Sub helps us to deal with suspicious users and ambiguous cases. We can see more metadata and other unusual signals which helps us to keep all transactions safe and react immediately when required.

Sum & Sub transfers the data in accordance with data protection and other laws within the EU where all the data is transmitted over encrypted channels and checked by certified specialists. (We advise you to visit their site in case you need more details)

To be fully transparent we, the CREDITS’ team, share this with you to explain why we need KYC built in into our wallets. Also to let you know which entity executes our KYC procedure, so you have a full understanding of the quality of the data collection, its transfer, and the safety of your personal details.

Compliance is a time-consuming procedure but should always be in place to ensure high-level risk management and security for the products you use. CREDITS’ team is doing their best to provide a safe yet comprehensive set of tools for our investors and future users.

[kikiyo]

After mainet, will platform credits bring credits to a greater extent and return the price to what it was before? I've tried the Tesnet version and the transfer speed is good,if only CREDIT had followed the defi trend it would have been much more promising