The Simple Ledger Protocol (SLP) has garnered a lot of attention over the last few months as there’s been a wide variety of tokens created on top of the Bitcoin Cash network. On May 10, the Tokyo-based Alliance Cargo Direct revealed the SLP-minted token ACD and bitcoin cash will be accepted by thousands of online and brick-and-mortar merchants from Japan and around the world.
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SLP-Based Token ACD Gains Real World Traction
Ever since the launch of the SLP project, lots of Bitcoin Cash supporters have been creating new and inventive tokens so they can share and trade with each other. There have been all types of SLP-based coins made with various supply counts and different ideas behind them. This week Alliance Cargo Direct, a subsidiary of ANA Holdings (ALNPF), explained that an SLP token called ACD will be accepted by thousands of physical and online merchants. Moreover, the same affiliate retailers will accept bitcoin cash as well and the company has also initiated an ACD coin buy back project.
Bitcoin.com’s CEO Roger Ver divulged the news on the official Bitcoin.com Youtube channel detailing how Alliance Cargo Direct decided to launch payments using ACD. Ver emphasized that the initial launch would be “thousands at first and hopefully tens of thousands” of brick-and-mortar and online shops both domestically in Japan and globally. “You will be able to pay with two different cryptocurrencies at these vendors — ACD token and bitcoin cash,” Ver reported.
After payments are made using the affiliate retailers, Alliance Cargo Direct will also be buying back ACD in order to provide liquidity and add more value to ACD.