IRTA’s Universal Currency (UC) Celebrates 20th Anniversary and Continues to Set Trading Records

IRTA UC News

When Universal Currency, (UC), was formed in 1997, IRTA envisioned UC would serve the entire barter industry as a meaningful clearinghouse for trade exchanges to trade seamlessly with each other to better satisfy their clients’ needs, and increase their exchange’s trade volume. That vision has been achieved beyond IRTA’s wildest dreams, as UC’s month-in and month-out record-breaking trading volume continues …

UC’s Best 1st Quarter Ever – 4.2 Million in Trading!

IRTA UC News

UC finished the 1st Quarter of 2017 strong by recording 1,060,852 of barter transactions in March! All three months of the 1st quarter of 2017 were all-time monthly trading records for UC! UC’s 1st quarter record of 4,270,928 represents a 55% increase over last year’s 1st quarter results. “UC is providing real trading benefits to its participating exchanges at a …

UC Sets More Trading Records in 2017

IRTA UC News

Two Record Months in a Row! UC set a new all-time trading record for the month of February, 2017 by recording 1,350,398 of barter transactions! The prior record for February was 1,052,841, set in 2014. The new February 2017 total trade volume figure represents a 28% increase over 2014’s record number. When you add UC’s record January to February’s record …

UC Sets New Trading Record in January 2017

IRTA UC News

UC set a new all-time trading record for the month of January by recording 1,859,677 of transactions in January of 2017! In 2016, UC recorded over 12,967,793 of trading – the highest annual trade volume in UC’s entire twenty year history! UC has clearly established itself as the most important inter-exchange trading platform in the barter industry. UC gives trade …

Another Great Year for UC!

IRTA UC News

In 2015 UC recorded over 11 million in annual trading for the second consecutive year. With UC’s new customized software system, 2016 is expected to surpass 2015’s impressive numbers. Patty Weston, UC’s International Broker observes, “People are really taking to the new software, its easy to use and posting listings couldn’t be simpler and quicker.” Thank you to all our …

Every Month On the New Software System, UC Sets a New Trading Record

IRTA UC News

UC has been on its new customized software system for three months, and in each month on the new system we have set an all-time trading record. Total trading for the three month period, August through October of 2015 UC, was up 39% over that same three month period of 2014. Trading is expected to continue to increase even more …

Universal Currency Receives IRS Ruling

IRTA IRTA News, UC News

Universal Currency (UC) Receives IRS Ruling Exempting It From 1099B Reporting Requirements Due to Clearinghouse Role of UC Influences 1099B Reporting Requirements For Exchanges’ Internal Direct Recip Accounts IRTA’s global inter-exchange trading platform, Universal Clearinghouse Inc. (UC) received a Private Letter Ruling (PLR) from the IRS on January 8th, 2015 stating that: “UC does not have a reporting requirement under …

UC Sets Trading and Cash Revenue Records in 2014

Ron Whitney IRTA News, UC News

UC set an all-time annual trading record of 11,346,750 in 2014, (a 32% increase over 2013), and UC set an all-time monthly trading record of 1,372,659 in January of 2014. UC’s 2014 cash revenue was also up 21% over 2013’s revenue. These impressive results are a testament to the strength of UC. Thank you to all our UC members for …

IRTA & UC – The Need For A Balanced Perspective Manager’s Choice

IRTA Barter Articles, Community Currency, Complimentary Currencies, UC News

LinkedIn Post on the “Think Barter” Group by Ron Whitney on December 3, 2014 Dear Ian: The IRTA Global Board of Directors and the managing body of Universal Currency, (The UC Committee), issued a report on October 4, 2014 that refutes Mr. Logie’s so-called GETS UC Audit Report, and concludes that UC is financially strong and setting trading and revenue …

New UC Stimulus Program Announced

IRTA IRTA News, UC News

UC Announces New Stimulus Program — 1,000 Trade Dollar Rebate to UC Members! UC has been setting new trading records virtually every month this year and UC/IRTA wants to keep the positive momentum going! UC has a trade dollar surplus because it operates as a zero-balanced based inter-exchange system and maintains a healthy loan-loss reserve fund. As a result, the …