The world`s first cryptocurrency payments platform with consumer protections, UTRUST, raised more than $1.5 million in 90 minutes in its pre-ICO in la
The world`s first cryptocurrency payments platform with consumer protections, UTRUST, raised more than $1.5 million in 90 minutes in its pre-ICO in late August.
UTRUST is now preparing for the first round in its public ICO that will reportedly take place on September 20, 2017, as cryptocoinnews.com wrote in a recent article.
The platform is a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving fiat currency, as the company wrote on their website.
“Unlike traditional payment systems that most of the times delay the approval of payments due to high risk of fraud, and require submission of countless documents, we approve payments immediately and make the process hassle-free for both parties (buyer & seller)”, according to UTRUST.
“We accept the most used cryptocurrencies on the market (Bitcoin, Ethereum, Litecoin, Dash Monero and others) covering a wider percentage of the total market cap. Other services such as Bitpay only accept Bitcoin, restricting their market to half of the total market cap. As more tokens are created and added to the market, their captured percentage will only shrink further”, as they explained.
Also, the company claims to have customer payment protection, meaning that they guarantee full coverage of all eligible payments made via UTRUST.
The funds raised to date allowed the team to improve its infrastructure and support staff, as well as to invest in marketing initiatives.
According to cryptocoinnews.com, the team plans to have a transactional platform that can be tested by merchants in the first quarter of 2018. The company`s team members include experts in corporate management, cryptocurrency development, law, finance, start-up and computer science, as cryptocoinnews.com pointed out in their report.