Utrust Price

Utrust (UTK) is a utility token developed on the Ethereum blockchain complying with ERC-20 standards. The Utrust token is used on the Utrust platform as a mediator for buying digital or physical items. The Utrust token can be exchanged on supported exchanges or can be held privately for future use. The Utrust platform allows users to pay in any cryptocurrency, while consumer protection system holds coins in escrow until the transaction is complete. The problem of cryptocurrency volatility isShow more [+] lved by offering instant crypto-to-fiat conversions. The merchants can receive their funds in USD, EURO or original cryptocurrency. Utrust platform is intended to replace PayPal, eliminate inconvenient credit card fraud and chargebacks. Utrust offers a unique cryptocurrency payment solution by implementing buyers protection, instant transactions, and crypto-to-cash settlements.

Utrust is registered as a payment company in Switzerland and is also a member of Crypto Valley Association, a swiss-govt backed association for blockchain development. The team behind the project has Nuno Correia as the CEO, Filipe Castro as the CIO and Artur Goulao as the CTO. There are 24 other members of the team working on Utrust project.