Last Updated on October 9, 2020 by CryptoCreed
UTRUST is a revolutionary payment platform that empowers buyers providing a groundbreaking purchase protection mechanism.
UTRUST is the safest and fastest and revolutionary payment platform for buyers and sellers. The safety of the users is the first priority of this platform. By providing this service to customers this platform also offers low transaction fees, fast transactions in comparison to others, and low cross-border transaction friction. UTRUST is better than current PayPal and BitPay. By acting as a mediator UTRUST is providing safety and convenience of receiving funds in fiat currency. Here is the combo of fiat systems and the modern technology of blockchain.
Digital payments between buyers and sellers of physical services are untapped. Current technologies are not 100 percent secure they can’t provide you protection for your purchases and provides you refund. And other side sellers may not happy with cryptocurrency. This is the problem that needs to remove.
Solution: By building UTRUST next-generation payment gateways allowing buyers to use their favorite cryptocurrency to buy goods and services with confidence from merchants, incorporating robust PayPal-like consumer protection and dispute resolution scheme. By using API on the platform merchants may receive payment in fiat currency.
Buyers Protection: Buyers can ask for any famous cryptocurrency which they want for exchange and benefit from the protection mechanism they take for granted on traditional online purchase. UTRUST will proceed with your payment to sellers after you get your product.
Sellers Protection: Sometimes Sellers get scammed at the time of selling goods, but by using UTRUST you are defeating credit frauds, nasty chargebacks, and hacked account payments at the same time this platform giving you an opportunity to receive payment in their demanded cryptocurrency and all payment will be converted into fiat currency as protection from market price fluctuation.
Value Coupling Token: UTRUST has its own coin, the name is the UTrust token. These token or utrust coin are usable at merchants’ sites which accepts UTRUST. Buyers and sellers can use this token to buy and sell products on the platform. Prices may rise in the future as it has a business model.
How UTRUST Platform Works
UTRUST is the safest cryptocurrency for buyers and sellers to buy products.
Buyers: Buyers can pay with any cryptocurrency they want. UTRUST has the lowest transaction conversion fee and/or can use UTRUST token with a zero conversion fee. Buyers sent payment to the UTRUST payment system and bought a product after successfully receiving the product UTRUST platform release a payment.
Dynamic Holding: UTRUST as a mediator hold the payment and releases them to the seller after reaching the product to the buyer.
Seller: Sellers can receive payment in any cryptocurrency and can withdraw in fiat currency to the bank, also can keep it in their wallet and convert into any currency.
Differences Between UTRUST, PayPal and BitPay
PRE-ICO will start on 28th August 2017 and ICo will hold in September 2017. The crowd sale will run for 55 days, with different rounds. The maximum ICO cap is 50M $, the platform accepts deposits only in BTC and ETH. The price of the token will fix for pre-ico is 0.03$, in ICO price per token is 0.04$ which rises one cent every round.
Refer to this image to know the distribution of Tokens and Funds:
UTK Coin or Utrust is ERC20 based ethereum token. So you can use any ERC20 based wallet as a Utrust wallet.