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URO Completes Worlds First Commodity Order Using A Commodity Backed Cryptocurrency

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Green Earth Systems Limited (GES, HK)2. Urea Trading India3. Crown Team Corporation, HK4. CCL Pillay Group, SAUrea is Nike Huarache Women Red

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the world most widely used fertilizer and is responsible for more than 50% of world food production. Urocoin is an alternative payment method for urea purchases, which offers a number of advantages over purchases using traditional financial instruments:Eliminates traditional fees and bank charges.For more details regarding the advantages of Urocoin transactions, please see this GES HK press Air Huarache Ultra White release.The Uro Foundation oversees the long term development and growth of Urocoin. The foundation has partnered with leading members of the global urea trading industry, all Nike Huarache Mens Baseball Cleats

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5,000 Urocoins Exchanged for 25,000 Metric Tons of Urea Fertilizer 2 Thousands of USD in Fees Saved in this unprecedented cryptocurrency transaction.Sydney, Australia July 24, 2014 /MM BitcoinPR/ Earth Systems Limited, Hong Kong (GES HK), a global broker of urea fertilizer, has completed the first ever trade of urea fertilizer in exchange for Urocoin (URO). The Urocoin, created and maintained by the URO Foundation, is a commodity backed encrypted digital currency based on Bitcoin technology, also referred to as a July 10, Rivaa Exports Ltd. purchased 25,000 metric tons of urea fertilizer, estimated at 7 million USD, from Green Earth Systems, Hong Kong (GES, HK) slated for resale to Indian Potash Limited (IPL), India largest government fertilizer body for urea importation. The initial transaction, originally attempted in January 2014, was delayed for months due to banking compliance issues between Rivaa local banks and GES HK international banks. The use of Urocoin eliminated these issues and resulted in the completion of the transaction within days, thereby saving tens of thousands of dollars in fees.no setup or banking fees and interest charges, RIVAA and GES, HK are saving close to $300,000 USD on this transaction alone, said Mr. Nilesh Nair, CEO of GES, HK.To date, four major commodity suppliers have pledged to accept Urocoin as payment for urea:1. Nike Air Huarache Junior

of whom have agreed to abide by the principles set forth in the URO protocol, a document open for industry ratification since June 2014.

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