What is Utrust?
Utrust is a payment platform that allows merchants to accept digital currencies as a form of payment, with the goal of bringing digital currencies to mainstream consumers while providing the same level of buyer protection and credibility found in traditional payment platforms. It aims to bridge the gap between e-commerce, mobile payments, and cryptocurrency by offering an API for merchants and a user-friendly experience for buyers.
The Utrust team believes that digital currency is the future of money, and that it has the potential to create a more open and inclusive financial system. Their long-term vision is to become the leading platform for digital consumer currency payments, providing a trusted blockchain payment solution to the world’s most successful companies.
To achieve this goal, the Utrust platform supports multiple digital currencies, including its own native token, UTK. Users can purchase goods and services with zero-fee exchange rates, and UTK can also be used for refunds and as part of the affiliate referral program. By offering a wide range of options and a seamless user experience, Utrust aims to become a mainstream means of payment for both consumers and merchants alike.
Utrust aims to provide a solution for the current shortcomings of digital currency payments by offering buyer protection, instant payments, and a user-friendly experience. The platform allows merchants to receive payments in a variety of digital currencies, while providing buyers with a secure and simple checkout process.
One of the key features of the Utrust platform is the Buyer Protection mechanism. This ensures that the buyer's payment is held in escrow until the goods or services are delivered, and the buyer is satisfied. If there is a dispute, Utrust's team of mediators will work to resolve it in a fair and timely manner. This provides a level of security and trust for both buyers and merchants, similar to traditional payment methods.
In addition to the buyer protection feature, Utrust also offers instant payments to merchants. This means that merchants receive their funds as soon as the transaction is confirmed on the blockchain, without having to wait for the typical confirmation times of traditional digital currency transactions. This helps to speed up the checkout process and make it more efficient for merchants.
Another important aspect of the Utrust platform is its user-friendly experience. The platform's API is designed to be easy to integrate with e-commerce platforms, allowing merchants to quickly and easily start accepting digital currencies as a means of payment. The platform also has a user-friendly UX for buyers, making it easy for them to make purchases using digital currencies.
In summary, Utrust is a platform that allows merchants to accept digital currencies as a means of payment, while providing buyers with the security and trust of traditional payment methods. With its buyer protection mechanism, instant payments, and user-friendly experience, Utrust aims to become a mainstream means-of-payment and bring digital currencies to mainstream consumers. The platform supports multiple digital currencies, including its own native token - UTK which is used on refunds and as part of its affiliate referral program.
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