Author Topic: Can UTRUST Disrupt The Cryptocurrency Payment Industry?  (Read 57 times)

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johnarce

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Nuno Correia, CEO, said: "UTRUST sees the potential of cryptocurrencies and digital technology to transform financial services provision in both developed and developing markets. The potential gains are particularly exciting in emerging markets where mobile phone penetration could recreate the role physical banking infrastructure plays in developed markets."



We all know that there are many risks involved in virtual payment and this is what UTRUST is addressing. Providing your credit card details online and putting yourself at risk for phishing is just one of them. There’s also the countless fraudulent transactions and dishonest sellers selling products and services they can’t even deliver. Despite these risks, using UTRUST will give you a peace of mind as you are protected with their consumer protection program. They do this by employing a centralised escrow system which ensures your funds are safe until you receive your item or service is completely rendered. Once transaction is completed, the merchant will then receive the funds. Sellers and merchants will also benefit through better performance rating, lower seller fees, and zero chance for any chargebacks. Should here be any disputes between the buyer and merchant, UTRUST’s dispute resolution team is in charge of sorting things out between both parties.

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“UTRUST aims to create an infrastructure that provides the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions alongside the world’s first cryptocurrency payment protection system. Our goal is to democratise the world of altcoins and Blockchain technology to ensure that anyone can benefit from instantaneous, transparent and cost-effective transactions, irrespective of where they live and level of education.“

As part of its initiative to make UTRUST an integral part of daily consumer transactions, the first round of public ICO will be launched on September 20, 2017. This will be followed by six more ICO rounds to bring $50 Million funding, which will be used to build key industry partnerships and improve the platform’s features.

Sooner or later, most merchants in the Philippines will start accepting cryptocurrencies as means of payment. When this happens, UTRUST will let you pays with any major cryptocurrency (Bitcoin, Ethereum, Litecoin, Dash, Monero and others), with a low conversion fee, or with UTRUST Token with zero conversion fee.


 


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