Leading Payments Solution UTRUST and Charity Startup AidCoin Join Forces to Use Blockchain for Transparent and Secure Crypto Donations

Jul 31, 2018 at 10:30 // News
And now, with the AidCoin partnership, UTRUST’s position as a catalyst for everyday crypto use in e-commerce and financial services is further solidified.

UTRUST, the payment platform based on blockchain, has announced a partnership with tokenized charity solution AidCoin. This new integration of technologies will leverage the innovations of both tech firms, using UTRUST’s fast, easy and secure interface to make charity donations from 23 different digital assets through AidCoin’s AIDChain.

UTRUST Becoming a Catalyst for Mainstream Crypto 

UTRUST continues its current thrust to build itself as one of the leading secure payment gateways in the world, with its unique features of Buyer Protection and Instant Payments. Akin to PayPal but for crypto, its mission is to mainstream crypto payments by making them safer, faster and more convenient for people to use. 

The payment provider’s push for this has recently seen it join forces with blockchain and payment heavyweights like DigiByte (next-generation blockchain tech), Pundi X (Point-of-Sale platform for physical crypto payments), Gambio (the largest e-commerce solution in Germany) and UMT (Europe’s largest tech hub for mobile commerce and mobile payments). 

And now, with the AidCoin partnership, UTRUST’s position as a catalyst for everyday crypto use in e-commerce and financial services is further solidified. 

Do Good Cheaper, Faster, Easier and More Transparently 

AidCoin’s mission is to provide a more transparent charity sector that lets people make donations via major cryptocurrencies, converting them into AidCoin that lets donations be tracked easily through the AIDChain platform. Its ecosystem also lets donors connect with non-profits, and provides smart contract templates for easy fundraising campaigns. 

While awaiting complete tech integration, users can still donate to charities via UTRUST’s interface. They can choose to directly transfer crypto for instant conversion to AidCoin tokens, which charities can manage within a single AIDChain wallet

Alternatively, they can transfer UTRUST tokens (UTK) from their wallets to desired charity AIDChain wallets via a “Donate” button called AIDPay. This streamlined collaborative technology is a widget that can me embedded in websites and apps, allowing AIDChain-registered charities to raise funds from a choice of 23 different crypto and digital assets. 

Once donations are completed, all users can follow their funds, from beginning to end, knowing exactly to whom their money goes to and how their chosen charities spend that money.

Establishing Goodwill in the Crypto World 

AidCoin founder and CEO, Francesco Nazari Fusetti, expressed great excitement for the partnership, saying that this would give crypto holders the chance to donate to a good cause they choose, directly from their UTRUST wallets. He said: 

“[This is] a well-established practice in conventional banking and payments solutions, and yet an unprecedented case in the crypto world.” 

UTRUST CEO Nuno Correia was similarly pleased, expressing pride for being able to support a noteworthy cause: 

“Transparency, accountability and giving back to the community are a pillar of our team’s purpose and culture as well.” 

To learn more about UTRUST, visit the website and read the whitepaper. To join the community discussions, join them on Telegram, Twitter and Facebook. Get your hands on some UTK tokens at Kucoin. Or keep up with their latest musings by reading their blog posts on Medium.

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