Awarded vendors
- Blockchain.com, Inc.
Description
The State of Utah is seeking to establish cooperative contracts with service providers to convert digital assets to US legal tender to pay state agencies. The contract was awarded to Blockchain.com, Inc. as they provided the best value to the State. The contract is for 5 years and the vendor will provide cryptocurrency transactions services, including converting digital assets to US legal tender. The evaluation criteria included technical criteria such as general experience, successful implementation, and security standards, as well as cost. The vendor will be required to provide customer service, training, and support, and will be responsible for ensuring compliance with local and international regulations.
Some key points to consider:
• The State of Utah is seeking to establish cooperative contracts with service providers to convert digital assets to US legal tender.
• The contract was awarded to Blockchain.com, Inc. as they provided the best value to the State.
• The contract is for 5 years.
• The vendor will provide cryptocurrency transactions services.
• The evaluation criteria included technical criteria and cost.
• The vendor will be required to provide customer service, training, and support.
• The vendor will be responsible for ensuring compliance with local and international regulations.