UTRUST is set to usher in the future of online payment with its revolutionary, blockchain-based platform that lets users buy and sell using their favorite cryptocurrencies.
Despite the advances and adoption rates of blockchain technology, there remains very limited usage for cryptocurrencies in the real world. This is due to the lack of purchase protection mechanism for both buyers and merchant services. In traditional online purchases, buyers enjoy robust consumer protection system that protects their purchases and provides refunds, while traders are certain that the value of their merchandise wouldn't be affected by sudden and unpredictable violent swing in prices. Volatility remains the chief reason why buyers and sellers are wary of accepting cryptocurrencies despite the low transaction fees, speed, and low entry barrier digital currencies offer.
UTRUST believes that future of online payment will be based on cryptocurrencies. Cryptocurrencies facilities frictionless and secure payment method from anywhere in the world at any and all times with no need for middlemen or intermediaries. Being borderless and decentralized, cryptocurrencies and the blockchain technology that powers them presents a unique and comprehensive tool for financial inclusion of the over 2.5 billion unbanked people in the world.
By developing a platform where consumers can easily spend their favorite cryptocurrency securely and merchants are protected from the volatility of the crypto-market, UTRUST is poised to usher in the future of the financial payments industry. The platform will act as a mediator and resolver of payment conflicts, while enabling the possibility of refunds to mitigate fraud. To protect merchants from market volatility, funds are immediately converted to fiat after every purchase. UTRUST holds the funds and releases it to seller, adjusted on a performance-based time frame. Sellers receive payment in fiat currency, which they can either withdraw to a bank account, keep it in their wallet or convert it to other cryptocurrencies.
Buyers on the platform can pays with any major cryptocurrency, with a low conversion fee, or with UTRUST Token with zero conversion fee.
To promote its platform to the world, UTRUST will be participating in major blockchain conferences around the world ahead of its ICO on November 2. Starting on October 31st,
UTRUST will be attending the following key blockchain conferences:
● Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
● Web Summit 2017 – November 6 to 9, Lisbon, Portugal
● Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
● Switzerland Wealth Innovation Tour – November 15, Zug, Switzerland
● Blockchain Summit – November 22, Zug, Switzerland
● Blockchain Summit London Olympia – November 28, London, UK
● Blockshow Asia – November 29 and 30, Singapore
● Cryptocurrency World Expo - December 1 and 2, Warsaw, Poland
The conferences will provide UTRUST with the opportunity to connect with the community, their supporters, and initiate partnerships with stakeholders from the financial and blockchain development sector.
Recognizing the need for standardization as a pioneer of decentralized crypto payments, UTRUST continues to make progress in gaining legal recognition and legitimization within Swiss jurisdiction. The company will is also complying with regulation bodies to fulfill all necessary requirements to make it legally compliant and future-proof. To this end, UTRUST has been incorporated as a GmbH (Swiss equivalent of a limited liability company).
To further its goals, UTRUST has scheduled a public ICO to be held on November 2nd and will be offering its ERC20 tokens. The tokens can be used as a means of payment on UTRUST’s gateway, enabling zero fee payments. It can also along be traded against other currencies on supported exchange platforms.
UTRUST will allocate a certain portion of the revenues to buy back and destroy the tokens in circulation. Being a deflationary currency by design, the demand for UTRUST tokens will increase with time, which combined with buyback should lead to appreciation in its market value.
UTRUST is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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