UTRUST – Consumer Protection in Crypto Markets

UTRUST Aim to Be the Leader of Consumer Protection in Crypto Markets

Technology has indeed revolutionized how we engage in commerce. Traditional online payment platforms have been fueling the increase of e-commerce until today. However, the traditional online payment platforms have their own shortcomings, affecting both clients as well as retailers in a variety of occasions.

Some of those issues include instances of card frauds, chargebacks, etc., combined with high processing fees and security dangers faced by centralized systems. When cryptocurrencies came into the market, all these battles were dealt with in a comprehensive manner. Cryptocurrencies permit for no chargebacks, they are not regulated by any central authority, and also the security mechanisms put in place are stringent. The transactions are also rather fast and affordable. But with cryptocurrencies what appears to lack is customer security, due to the lack of chargebacks.

UTRUST, the latest cryptocurrency payments platform is on its way to address the problem by introducing customer protection attribute for the very first time in an electronic money ecosystem. At exactly the exact same time, the stage can also be packaging enough features to make it simpler for the merchants to take cryptocurrencies from customers globally, without fretting about conversion prices or volatility difficulties.

UTRUST Aims to Provide Consumer Protection

UTRUST intends to introduce cryptocurrency as a mainstream medium of value exchange in the online trade segment by fixing the shortcomings of cryptocurrency payments. It’ll be offering buyer protection, along the lines of popular mainstream payment processors like PayPal, while allowing the merchants to accept a variety of cryptocurrencies in their clients. While buyers have a reassurance using UTRUST’s payment solution to buy goods and services, sellers don’t need to worry about the volatility associated with assorted cryptocurrencies, and they’re able to receive settlement in good old fiat.

In order to encourage the platform development, UTRUST coordinated a pre-ICO effort in August, which received an overwhelming response in the cryptocurrency community. Observing the success, the stage is presently organizing the most important ICO at October 2017, which is expected to operate for a period of no more than a week, or perhaps even less if the tokens are offered. With one billion UTRUST tokens in the offering, participants in the crowdsale will be able to purchase them against Bitcoin or Ether payments.

More details about the system and crowdsale is available on the website.

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