A payment platform that empowers buyers providing a groundbreaking purchase protection mechanism
“We are the only payment platform that provides a protection mechanism in crypto payments, allowing you to pay with confidence. We minimize the risk of fraud, by acting as mediator, providing guaranteed buyer protection and payment coverage.” – UTRUST
UTRUST ICO information:
UTRUST ICO start date TBA
Interview with UTRUST
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
UTRUST: The problem that inspire us to start the project was due to the founders’ bad experiences while using existing crypto-payment platforms. We wondered why a PayPal level consumer protection scheme didn’t exist in the crypto world and why shouldn’t leverage an ICO to build one instead.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
UTRUST: UTRUST is a ground-breaking payment platform that empowers buyers to pay with their favorite cryptocurrencies while providing the best consumer protection in the market.
What’s unique about UTRUST? For buyers: Payment protection – We are the only payment platform that provides a protection mechanism in crypto payments, allowing you to pay with confidence. We minimize the risk of fraud, by acting as mediator, providing guaranteed buyer protection and payment coverage.
For sellers: Minimized risk – Our blockchain payment system minimizes seller risk virtually to zero. Payments are made via blockchain. No more chargeback. No more stolen credit card and hacked accounts.
Merchant Volatility Protection – Since buyers pay with crypto and merchants receive in fiat currency, merchants are not exposed to swings in crypto-markets. As a merchant, expand your market, reaching towards a new audience of cryptocurrency holders, and let us handle the conversion work while you focus on the marketing and revenues.
ICO – We are issuing our own UTRUST token during the ICO, which can be used in the platform, and leverage platform development itself while provide a ROI for initial backers. The UTRUST token can be used by buyers along with other cryptocurrencies in the system, reducing buyers’ fees to zero. It’s also used as a coupling mechanism, linking the value of the token to the value of the platform by a fee-burning mechanism that slowly decreases token supply.
BC: How do you think that competition will develop following your ICO?
UTRUST: Competition is this arena already exists, but its lacking the new payment protection features we are bringing to the table.
BC: For all those who have read your white paper and are still on the fence about contributing to your ICO, what can you tell them that could lead them to buy into your project?
UTRUST: I would say that unlike most of other ICOs out there we are building a platform, and not just creating another token to leverage speculation. We aim to build a payment platform that feels a market need and push mainstream crypto-payments forward.
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