Cryptocurrency payment solutions have the potential to become the next big thing not just in the cryptocurrency circles but also as a legitimate payment solution for the rest of the world. But, the core issue with cryptocurrencies and their efficiency in a global payment role is lack of mass appeal. People around the world are only beginning to be acquainted with the new decentralized approach, especially the ones living in the developing world where 2.5 billion so called “unbanked” individuals are present. Utrust, a groundbreaking cryptocurrency solution company, is looking to bridge this gap by engaging in a mass contact movement around the world.
Utrust is one of the pioneers in developing a multi-currency payment solution and have since announced the first ever buyer protection-based solution. The idea is that you can pay in cryptocurrency and the seller can receive money in fiat currency. The consumer protection is also in the form of fiat currency so that the extreme volatility of cryptocurrencies don’t affect the price points of goods or services, leaving transparency at the core of operation.
Utrust wasn’t the first one to come up with such a concept but it has drawn first blood in coming up with a working model of their system which is now available in their website to view. Utrust is also flexing its muscles in the e-commerce sector; partnering with Soma, a blockchain-based social market platform for strategic and community-project purposes. Utrust will use this platform to launch itself as a robust payment solution and there was considerable buzz regarding this astute move in crypto circles recently.
Apart from the strategic linkages, Utrust is also aiming to legitimize its existence around the world by getting government recognition of its services. The company has registered itself as a limited liability company in Switzerland. Utrust realized that recognizing blockchain and cryptocurrency as a legal entity is crucial for its future success. While the rest of the world is experiencing a crackdown on cryptocurrencies, Utrust is going to be a legal entity.
As part of its mass contact movement, the Utrust team is going to attend conferences around the world to bring awareness regarding their new platform. Here is a list of all the meetups Utrust is attending:
– 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 company is banking a lot on these forums but in order to make true contacts with people around the world, a more global approach is definitely needed.
ICO
Due to the success of Utrust at least on paper, backers have been eager to contribute in their new tokens. Two of Utrust’s pre-sales have already been completed and the funding targets were achieved in record time. The main ICO, however, will begin from November 2 this year and will run for a month. The hard cap is going to be 1 billion tokens and the total funding target is going to be $49 million. Each token is going to cost $0.065 in the main ICO.
The compelling thing about Utrust is that they are not promising unreal growth targets even in their ICO. They have assured backers that their money will be wisely spent on developing their new platform and they are assured eventual returns as the payment system goes live and starts generating profits in a decentralized manner.
About Utrust
Utrust is the world’s pioneering company in implementing customer protection in its cryptocurrency based payment solution. It is building a world-wide accepted Paypal-like payment solution not just for marketplaces and classified advertisement but a stand-alone payment solution as well. It is one of the most exciting things to come out of crypto in latter stages of this year for sure.
Learn more about UTRUST: https://utrust.io
Read the UTRUST Whitepaper: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
Visit UTRUST on bitcointalk: https://bitcointalk.org/index.php?topic=2078433.0
Learn more about UTRUST’s ICO: https://utrust.io/ico
Follow UTRUST on Twitter: https://twitter.com/UTRUST_Official
Join UTRUST on Facebook: https://www.facebook.com/utrust.io/
Join the UTRUST Slack conversation: https://utrust-official.slack.com/
Join UTRUST on Telegram at: https://t.me/utrustofficial
Read UTRUST’s posts on Medium: https://medium.com/@UTRUST
Media Contact
Contact Name: Nuno Correia, UTRUST CEO
Contact Email: [email protected]
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland