UTRUST a crypto-payment platform to challenge PAYPAL & Bitpay ?
UTRUST - Payment Mechanism
UTRUST is a bold move; a fintech innovation with big ambitions and a plan. A seemingly simple proposition; create the go-to payment platform for cryptocurrencies. At the moment even paying with BitcCoin can be a complicated business at best, involving several steps, multiple fees and an entry level IT knowledge of system administrator. For most people that's just out of the question and UTRUST aims to provide the solution merchant and customers have been waiting for. An easy to use and universal payment system which will accept multiple currencies as payment. Duh !
ICO
The ICO start date will be announced in the first week of October with a crowdsale cap of $49m. $2m was raised in August from private investors and an additional $1.5m was raised pre ICO. It will be an erc20 token and the crowdsale will accept ETH & BTC. To ensure the market remains sustainable, they have promised investors a dynamic burn of the fee as a buyback at market rate. 1billion tokens will be issued at a nominal $0.065 cents
Why Choose UTRUST instead of Paypal or bitpay ?
The simple explanation is that UTRUST's aim is to provide a real crypto based competitor to, & improve on all of Paypal's main features (which include many Bitpay can't achieve) including low fees, no chargebacks, seller performance ratings and MULTIPLE MAJOR CRYPTOCURRENCIES ACCEPTED I like the sound of it already. Can you imagine paying for your new (Insert Item here) with those killer crypto-currencies that you bought for pennies before they went to the moon, (no names mentioned ). Now that's my kind of bargain hunting. (see table below for comparisons)
Win - Win - Win
There hasn't been much choice up until now and fees have been exorbitant in the early days of converting BTC to Eggs on Toast. If the crypto-world is to go really mainstream, a payment system which has consumer TRUST, low fees, multiple points of access and becomes a no-brainer for merchants, is essential. Do you remember when some shops said they didn't take debit cards? It wasn't that long ago, now you can pay for artisan cheese from a market stall with contactless. (In theory, I could buy cheese from the market with bitcoin, but that took months to work out and I'm an expert). The world moves fast these days and this is one of those projects which if successful, will be remembered as pivotal in the BlockChain Revolution. Imagine if you could have bought shares in Paypal when it was just a dream ? Boom, to the Moon
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utrust2017
This is great.
Thanks @unprovoked as a business mentor and part-time crypto-analyst, a big part of my contribution to steemit is reviewing ICO's, legacy coins and BlockChain Projects on behalf of the speculating consumer :) my pleasure, I'm a BlockChain evangelist at heart !
Too great. You just kill my wish to make an entry @outerground ;)
sorry dude. if it's any consolation, I have missed your presence and hope you had a good holiday ! :) have you seen my budding little street photo community in discord ? I'd be honoured to have you join us
invite >>
https://discord.gg/GZfYTqc
Like the photos, but… I'm terrible at navigating through discord.
it's a bit mad. In our channel you just scroll up and down. If you join, Street Photo is listed on your channels joined at the left.
I'm hoping people with knowledge (wink, wink) come in and help youngsters with motivation, references, inspiration.. advice and suppport ! it's time consuming but hopefully rewarding :)
(I got 3rd prize) 20 SBD ;)
Congratulations! :)
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excellent article! reads fast and packed with info - love it!
I got 3rd prize !!
thanks @jonknight exactly the kind of feedback I was hoping to hear ! good reply
oooh, even with my very limited crypto knowledge this sounds incredibly exciting! Off to check out those links now. Thanks. :)
I think UTRUST is a really solid crypto project. I wish them all the best. if they succeed we all do !! Amazon, ebay, these are the places people want to spend crypto :)
pleased to announce that my article took 3rd place in the UTRUST article contest with a prize of 20 SBD !! Congratulations to all who took part and a big thanks to the organisers :) Best of Luck UTRUST.. I'll be watching