Social Sciences, asked by debdaskarmakar3973, 1 year ago

work and development are two side of the soma coin

Answers

Answered by mohammedhajiakhtar
0

Answer:

Explanation:

Soma is a blockchain-based startup that has done pioneering work in developing classified advertisement for the future. It is now partnering up with UTRUST, a cryptocurrency payment solution provider and are now teaming up to take lead in classified advertisement industry. The new innovative online marketing system will include the option to pay from the cryptocurrency of your choice. The purchase will be backed by a self-proclaimed “groundbreaking cryptocurrency buyer protection mechanism”.

This purchase protection mechanism involves paying in cryptocurrency/fiat currencies and receiving money in the form of fiat currency only. This will help ensure that the daily volatility of bitcoin and other cryptocurrencies will not affect the trades happening on the platform.  

The clever use of cryptocurrency as a payment-only method is innovative, but it is certainly not new in the industry or groundbreaking. But that doesn’t stop it from being effective -- that is for sure.  

UTRUST was the first to implement a scalable model of cryptocurrency buyer protection techniques, and now Soma is the classified advertisement part of the plan, and they have a fully decentralized system in place where you don’t need to rely on brokers or third-parties to make your sales. It instead takes cue from the decentralization philosophy of cryptocurrencies and envisages a new system in through ingenuity and decentralized mass management

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