UTRUST Partners with European E-Commerce Solution,Gambio, to Bring Crypto to the

[Goodcat49]

Despite displaying obvious interest in crypto for the last year or year and a half, the masses are weary of adopting it as a payment method outright. This largely has to do with the uncertain/risky nature of cryptocurrency, as it lives in a kind of wild west state without official consumer protection laws protecting users.
The inherent risk perceived by consumers and merchants alike, due to it being in an unregulated space, is arguably the biggest barrier to increased outward adoption. This is a problem UTRUST, a crypto-based payment service, recognizes and wants to solve by offering protection to the users of cryptocurrency.

UTRUST to Streamline Crypto Adoption with Gambio GmbH
Recently, UTRUST took a big step forward in advancing its goal of increasing cryptocurrency payment use by partnering up with Gambio GmbH -- Germany’s largest e-commerce solution. Gambio currently serves over 25,000 merchants, which is a large portion of European’s online economy.

According to the company’s official press release, this partnership will thrust UTRUST into Europe’s largest economic sector and will increase the current number of merchants accepting crypto payments worldwide, about 100,000, by a quarter.

UTRUST CEO Nuno Correia commented on the partnership and specifically addressed how it advances their overarching goal of increasing cryptocurrency adoption:

“This partnership is another huge step forward, bringing cryptocurrency payments to real consumers. Today, together with Gambio, UTRUST is once again making history. Blockchain startups should focus on partnerships with real businesses, real customers, and real use-cases. That is what is needed now, more than ever, for mainstream adoption.”

UTRUST: “The PayPal of Cryptocurrency”
The Switzerland-based blockchain startup bills itself as the PayPal of cryptocurrency and its main shtick is it claims it is the first cryptocurrency payment platform to implement consumer protections on a large scale.

Because of the company’s perception that the biggest barrier holding crypto back is the risk factor, it believes the product it will ultimately deliver will be what tips the scales for outward adoption.

Like many other crypto startups, it also believes it can provide the 2.5 billion “unbanked” people around the world with a viable alternative to traditional banks and financial institutions, at a significantly cheaper price.

Considering that overwhelming majority of unbanked people are located in developing economies, offering a digital payment solution without the expensive infrastructure could much more quickly bring these emerging markets into the modern financial era.

Finally, UTRUST is quickly building its reputation in the cryptosphere as a legitimate project as it accumulates more business relationships with more established names. In addition, it also raised a substantial amount during its crowdsale in late 2017, generating over $20 million USD.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bloomberg-to-track-digital-currencies/

[Goodcat49]

Leading Cryptocurrency Payment Platform, UTRUST, Aligns Forces With Pundi X in Singapore

Two of the most innovative blockchain companies, Pundi X and UTRUST, have announced a strategic alignment of vision and mission, engineered to deliver a unique solution for mainstream cryptocurrency adoption. The solution will enable retailers and merchant services to integrate and physically accept cryptocurrency for goods and services offline.

Pundi X is the innovative developer behind  a blockchain-based point-of-sale (“POS”) solution device set to enable merchants accept offline cryptocurrency payments. The device, which is currently in pilot production, is slated to enter the market in the coming weeks, becoming available in Singapore, Switzerland, and Japan. The partnership agreement with UTRUST enables Pundi X to afford merchants and consumers protection on every transaction -- eliminating the uncertainty that often dogs cryptocurrency transactions.

Pundi X and UTRUST Join Forces
During the signing ceremony, CEO and co-founder of Pundi X, Zac Cheah, was quoted as saying:

“This is a major step for furthering the mass adoption of cryptocurrencies, which despite having taken the world by storm, still remain outside the engine room of the global economy in consumer spending.”
The terms of agreement, signed in Singapore, commits UTRUST to the acquisition of  1,000 units of Pundi X’s XPOS technology. XPOS technology is the physical, point-of-sales device enabling merchant services to accept and trade in multiple cryptocurrencies. In turn, Pundi X will leverage UTRUST’s consumer protection and liquidity services for instantaneous settlement of all exchanges and transactions.

Swiss-based UTRUST is the revolutionary mind behind the development of an enterprising purchase protection mechanism that brings mainstream transaction protection (like Paypal) to all cryptocurrency transactions, creating a stable relationship between buyer and seller.

“Partnering with UTRUST as our merchant payment settlement gateway is a substantial addition to Pundi’s XPOS and grants us a trusted provider for liquidity, but also for customer security.”

With UTRUST’s recent commitment, the number of XPOS devices for global retail has now surpassed the 25,000 mark or over one-quarter of the company’s three-year sales target of 100,000 devices.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/utrust-aligns-forces-with-pundi-x-in-singapore/

[Goodcat49]

Crypto Payments Platform UTRUST Announces Integration with World’s Longest, Most Secure Blockchain, DigiByte

UTRUST, the leading platform for payment solutions, continues to make headlines in the cryptocurrency space, with its latest announcement of a technology integration with the DigiByte blockchain, known as the world’s longest and most secure UTXO blockchain in existence.

Because of DigiByte’s consistent development, rapid community growth and continuous development of new use cases, it has become one of the most decentralized, secure and fastest blockchains with the ability to scale even more.

Read the details in the article of Coinidol dot com, the world blockchain news outlet:https://coinidol.com/crypto-payments-platform-utrust-announces-integration-with-world-longest-blockchain-digibyte/

[Goodcat49]

Leading Payments Solution UTRUST and Charity Startup AidCoin Join Forces to Use Blockchain for Transparent and Secure Crypto Donations

UTRUST, the payment platform based on blockchain, has announced a partnership with tokenized charity solution AidCoin. This new integration of technologies will leverage the innovations of both tech firms, using UTRUST’s fast, easy and secure interface to make charity donations from 23 different digital assets through AidCoin’s AIDChain.

UTRUST Becoming a Catalyst for Mainstream Crypto
UTRUST continues its current thrust to build itself as one of the leading secure payment gateways in the world, with its unique features of Buyer Protection and Instant Payments. Akin to PayPal but for crypto, its mission is to mainstream crypto payments by making them safer, faster and more convenient for people to use.

The payment provider’s push for this has recently seen it join forces with blockchain and payment heavyweights like DigiByte (next-generation blockchain tech), Pundi X (Point-of-Sale platform for physical crypto payments), Gambio (the largest e-commerce solution in Germany) and UMT (Europe’s largest tech hub for mobile commerce and mobile payments).

And now, with the AidCoin partnership, UTRUST’s position as a catalyst for everyday crypto use in e-commerce and financial services is further solidified.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/leading-payments-solution-utrust-and-charity-startup-aidcoin-join-forces-to-use-blockchain/

[densuj]

​​Filipe Castro, Swiss startup UTRUST’s Chief Information Officer and co-founder:In three years, you will be able to pay online with cryptocurrencies at major vendors. This will come offline in another five years. I am a strong believer that in the future, in ten years, you will have state–issued cryptocurrencies from major economies.

UTRUST aims to be "the first cryptocurrency payment solution to offer instant transactions, buyer protection, and crypto-to-cash settlements." In other words “PayPal of Crypto”.

The startup intends to ease crypto acceptance on assisting global retailers. The company has developed a special set of tools that will increase purchasing power within the platform. The first serious step was already taken by signing a partnership with Germany’s biggest e-commerce solution provider Gambio.de that assists 25,000 online stores.

UTRUST, which was funded with $21.3 million in 2017, promises that customers will have access to a proprietary digital wallet which allows zero fee transactions, 1 percent merchant fees and user-friendly interface.