Utrust (UTK) is a blockchain-based platform that takes elements from traditional payment systems with the advantages offered by cryptocurrencies. The platform allows users to buy digital or physical goods, with their favorite crypto or token while providing a consumer protection system in which funds are held in escrow until delivery translation is complete. In case of conflict, the solution is given by Utrust.

The Utrust platform has its own Ethereum-based token, UTK. The UTK token offers many conveniences, including a free system in the Utrust platform, which means that payments made using UTK are free. Tokens also run on a record and redemption program, where a portion of the revenue generated by Utrust is allocated to the purchase of tokens, which are then publicly burned, creating a deflationary coin.

Features of UTK

Use any common currency

Utrust allows you to pay with any popular digital currency and token (ERC-20). Their flexible solution allows you to decide which digital assets to pay for so you can take advantage of market conditions.

Pay faster, cheaper, easier

Buying with confidence means closing the deal. That means low fees and near-instant transactions. Paying is as easy as scanning a QR code.

Submit and request payment

Want to send some crypto to friends or family around the world with no extra fees? Or demand money from your goods and services? They will help you with the Utrust physical solution.

How does Utrust work?

Here is the basic process by which the Utrust transaction takes place:

• Buyers pay for any popular crypto, taking advantage of low conversion fees. Buyers can also use UTK tokens with zero transaction fees.
• Funds are converted into modern currencies to protect sellers from market volatility.
• Utrust uses a dynamic custody system where they hold funds and issue them to merchants, adjusted based on a performance-based timeframe.
• Merchants receive funds in a foreign currency, which can then be withdrawn to a bank account, kept in a wallet, or transferred to another crypto.

UTK . Utilities

Overall, Utrust’s claims features make it the “most secure payment platform in the world” for both buyers and sellers. Some of the advantages that Utrust claims over other payment platforms include:

Lower buyer risk:

Utrust covers all purchases (goods and most services), while traditional solutions like PayPal can only protect actual purchases. Cryptocurrency-based services like Bitpay don’t include anything.

Faster payment acceptance speed:

Unlike traditional payment systems that delay payment approval due to the high risk of fraud, Utrust approves payments instantly, making the process less complicated for both parties (buyer and seller). Obviously, Bitpay offers similar advantages, but PayPal does not.

Low transaction fees:

No one likes to pay fees for the money they are making. Utrust charges the merchant a 1% fee on the payment received. Meanwhile, services like PayPal charge 2.9%. These fees can add up to 5% or more when accounting for exchange rates and other hidden costs.

Accept multiple cryptocurrencies:

Utrust accepts the most popular cryptocurrencies in the market, including BTC, ETH, LTC, DASH, XMR and others.

Safe Fund:

Utrust claims to leverage the power of blockchain to avoid credit card fraud. Users have full control over their own keys and funds. Not even Utrust can access your wallet.

No refunds:

Merchants will be protected from rampant credit card fraud and nasty discounts through Utrust. However, the website does not go into more detail about the process.

Development team

Utrust is developed by a team of dynamic, skilled and talented people with diverse backgrounds and experiences, combined with a passion for new technologies.

Conclude

Utrust is a leading crypto payment solution designed to modernize the finance and payments industry, while solving the problems of traditional payment methods by providing instant and instant transactions. Instant crypto payments to merchants.

Utrust is driving emerging economies through an easy to use, secure and accessible banking system.

You can see UTK prices here.

According to AZCoin News

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