UTRUST will be a revolutionary payment platform that enables buyers to use their favorite cryptocurrency in order to pay sellers (private or merchants). They provide sellers with the safety and convenience of receiving funds in fiat currency, and offer the best consumer-protection to buyers, by acting as trusted mediators. They combine the best payment protection features of current generation fiat systems with the innovative features of blockchain while blending in the unique features provided by our own token.
The UTRUST platform aims to provide the consumer protection that buyers take for granted in traditional online purchases, acting as a mediator, resolving conflicts and enabling the possibility of refunds to mitigate fraud, while shielding the merchant from crypto-market volatility. They want to build upon the best features of cryptocurrencies to enable fast transactions, lower fees and low cross-border transaction friction, enabling merchants to sell to a growing worldwide audience of crypto-holders. In summation, They aim to build a payment API for marketplace integration that will become the crypto-contender to PayPal.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
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