Cryptocurrency payment solutions have the potential to become the next big thing not just in the cryptocurrency circles but also as a legitimate payment solution for the rest of the world. But, the core issue with cryptocurrencies and their efficiency in a global payment role is lack of mass appeal. People around the world are only beginning to be acquainted with the new decentralized approach, especially the ones living in the developing world where 2.5 billion so called “unbanked” individuals are present. Utrust, a groundbreaking cryptocurrency solution company, is looking to bridge this gap by engaging in a mass contact movement around the world.
Utrust is one of the pioneers in developing a multi-currency payment solution and have since announced the first ever buyer protection-based solution. The idea is that you can pay in cryptocurrency and the seller can receive money in fiat currency. The consumer protection is also in the form of fiat currency so that the extreme volatility of cryptocurrencies don’t affect the price points of goods or services, leaving transparency at the core of operation.
Utrust wasn’t the first one to come up with such a concept but it has drawn first blood in coming up with a working model of their system which is now available in their website to view. Utrust is also flexing its muscles in the e-commerce sector; partnering with Soma, a blockchain-based social market platform for strategic and community-project purposes. Utrust will use this platform to launch itself as a robust payment solution and there was considerable buzz regarding this astute move in crypto circles recently.
Apart from the strategic linkages, Utrust is also aiming to legitimize its existence around the world by getting government recognition of its services. The company has registered itself as a limited liability company in Switzerland. Utrust realized that recognizing blockchain and cryptocurrency as a legal entity is crucial for its future success. While the rest of the world is experiencing a crackdown on cryptocurrencies, Utrust is going to be a legal entity.
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