Utrust, a platform that allows businesses to accept digital currencies as a means of payment, aims to bring digital currencies to mainstream consumers while providing the protection and reliability traditional payment platforms offer for consumers. Located at the intersection of e-commerce, mobile payments and crypto assets, Utrust offers an API for businesses and UX for customers.
UTK coin is Utrust’s own token that aims to be a core payment instrument. Utrust supports multiple digital currencies including its native token UTK.
First, let’s consider an organization that sells goods online, digitally or physically. The seller puts the goods on the site for sale, then the buyer chooses one of the certain payment methods to buy this product. Let’s say one of these methods is the Utrust payment model. In this model, the buyer places his order and after the order is dropped, Utrust instantly converts it to fiat money and tries to protect both parties from price movements, regardless of which coin the payment is made in. The buyer buys the goods and services with his coins, and then the seller is paid the value of the goods in fiat currency.
If there is a dispute or problems such as product returns, UTK acts as an arbitrator, either returning the coins to the buyer or making the payment to the seller.
What is the Difference of Utrust Platform from Other Platforms?
Utrust Platform aims to democratize payments with every transaction by leading the world towards the adoption of digital currencies. The company’s goals include bringing the power of digital currencies to businesses and people of the world with the best Blockchain payment solution for tomorrow’s money.
On the other hand, Utrust describes itself as “a seamless integration that gives e-commerce businesses the power to accept digital currencies and get all the benefits they cannot get with only traditional payment methods”. In addition, the platform powers businesses in more than 180 countries in almost every industry around the world and supports more than 30 currencies. With the support of blockchain, it is aimed to facilitate the faster growth of global companies.
In addition, it is stated that the Utrust vendor control panel is very easy to use. Expressing that it is their priority to monitor the efficiency of businesses, the platform states that it is very easy to control order details, payments, transactions and returns with the control panel. In addition, thanks to the seamless integration, users do not have to wait for a long time for code review. Hence, online stores can start accepting cryptocurrencies smoothly and quickly.
With Utrust Wallet, users can check their assets anytime, anywhere. Utrust Wallet makes transactions instantly within the platform, reducing Blockchain verification wait times.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.