ClearCryptos, the mission-driven company charting a path to crypto optimization, and US Federal Contractor Registration (USFCR), the worldwide leader in assisting companies to efficiently and successfully conduct business with the U.S. government, are excited to announce a partnership that will allow federal government contractors to leverage the distinct and unique technological capabilities of the blockchain.
This groundbreaking partnership spearheads the introduction of blockchain technology to all USFCR’s current and future clients. Facilitating the ability via the blockchain to ensure every contract is effectively implemented and executed, while also tracking and documenting every dollar involved.
Eric Knellinger, President, USFCR, said:
“We see this as the future of government contracting, so we are acting now, thinking forward 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 payouts. The partnership will provide USFCR’s clients the ability to develop smart contracts built on ClearCryptos’ blockchain technology, preparing them for next gen contracting that incorporates treasury-backed digital currency compensation.
Larry Lundy, CSO, ClearCryptos, said:
“We are looking forward to building our relationship with USFCR to provide ease of use, security and improving several fundamental friction points in the current processes.”
In 2021, the federal government paid out an estimated $575 billion to federal contractors, including a record number of small businesses – many of them USFCR clients.
Eric Knellinger, President of US Federal Contractor Registration, said:
“Government contracting is often a slow, opaque process lacking in transparency and accountability. Today’s announcement, powered by ClearCryptos’ cutting-edge platform, paves the way for the future of government contracting.”
ClearCryptos will continue to roll out additional partnerships with companies and communities that share the same values—integrity, trust, resilience—and seek to safeguard, improve, and expand the cryptocurrency space.
Benefits for the users and holders of ClearCryptos
- Despite market conditions, enterprise solutions will promote growth and sustainability. $CCX is the membership token purchased by these customers to participate in the blockchain solution. This attracts enterprise holders in addition to retail holders. USFCR has represented over 300,000 customers and each of them is a potential enterprise customer and holder of $CCX.
- Laying the groundwork for a new integration of Web 2.0 projects into Web 3.0. $CCX while creating the foundation for large scale Web 2.0 companies to integrate into cryptocurrency, while also solving existing issues in the financial sector. USFCR is a well-respected company that will bring confidence to other enterprise solutions to come forward and want to be a part of the ClearCryptos family.
- Enterprise solutions and retail products that promote sustainability and growth regardless of market circumstances. This is because with every sale a portion of the sale will go toward buying $CCX to introduce the customer to cryptocurrency and establish their membership within the ClearCryptos ecosystem. Overall, this type of partnership will bring in holders annually and as USFCR grows as a company ClearCryptos will grow with them.
Eyes on the Future
With this partnership, ClearCryptos is working to integrate hundreds of thousands of small, medium, and large-scaled businesses into cryptocurrency, helping people further understand and grow the importance of cryptocurrency for normal everyday business. This partnership will be a way to significantly reduce payout times for businesses in the future without the friction and limitations of current financial systems. This blockchain technology, with active contract tracking, the government will be able to hit their small business set aside thresholds, benefiting both the government and small businesses.
Cryptocurrency opens new doors for smaller to medium US federal contractors
The federal government 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 Business Administration estimates that 25.05% (or an estimated $120.89 billion) went to small businesses.
ClearCryptos is hoping to transition a majority of those contracts to cryptocurrency through their platform, reducing the time it takes for contractors to be paid by over 95%, for their government contracts.
This is an exciting evolutionary step for cryptocurrency in general with crypto projects starting to integrate with contract-based Web 3.0 companies. We look forward to ClearCryptos serving as a major catalyst to the US economy and streamlining, protecting crypto and fiat money transactions.
USFCR (US Federal Contractor Registration) is the world’s largest and most trusted full-service government contracting solution provider. With over 14 years of experience in the federal marketplace USFCR has completed over 200,000 compliant SAM (System for Award Management) registrations for businesses and nonprofits. In addition to managing SAM registrations, USFCR offers a proprietary platform, the Advanced Procurement Portal, and turn-key total solutions such as contract consulting and contract lifecycle management to take federal contractors from registration to award and beyond.
ClearCryptos (CCX), a company based in San Juan, Puerto Rico, first protocol is a decentralized exchange (DEX) with an aggregated solution that will search for the best pathway for the user to swap cryptocurrencies giving the user the best rates possible, while also showing the user alternate options.
ClearCryptos trading and analytics is based on 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 publication is sponsored. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions 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.