CULedger Alliance of Credit Cooperatives launched a chain chain service business


nnn(CUSO), which is dedicated to block-chain technology, to provide services such as commercial loan issuance or payment card processing, as well as services provided by the American Credit Cooperatives’ chain-chain alliance, CULEDger. It is reported that CUSO will act as a bridge between all credit cooperatives that choose to merge with the project’s permitted classifications. But the agency has not yet officially run, and will be held in the next few months to find a number of activities to investors.n
nnTranslation: Clovern
nA block-chain plan supported by a group of American credit cooperatives forms a comprehensive and mature service organization focused on technology.n
nCULEDger contains dozens of credit associations, and as previously reported by CoinDesk, is seeking to use the block chain to rethink the inter-agency exchange of data and to provide services to customers.n
nSince the launch in 2016, the project has developed steadily. Now, the credit cooperatives that support the project will set up a chain service chain (CUSO) centered on the chain chain. CUSO is an enterprise entity owned by a group of federated licensed credit unions and provides services such as commercial loan issuance or payment card processing.n
nIn the case of CULedger, LLC, CUSO will act as a bridge between all credit cooperatives that choose to merge with the permitted taxonomy of the project.n
nCULedger Steering Committee Chairman, Premier America Credit Union Chief Executive Officer Rudy Pereira said in a statement:n
nn”CULedger is an opportunity for credit cooperatives to be a leader in innovation in the financial services sector and now involved in CULedger and CULedger, LLC will enable credit cooperatives to use shared bookkeeping technology that will reshape the entire Credit union industry. “n
nnThe new CUSO has not yet been officially operational. But in the next few months, CULedger will hold a number of activities for the credit cooperatives to find investors.n
nAt the same time, CULedger will also start looking for a chief executive to take over the company’s operations.n

Leave a Reply

Your email address will not be published. Required fields are marked *