Utrust aims to provide buyers with the consumption protection they deserve in online transactions, and to become an intermediary platform, a mediator of contradictions, low cost and low cross-border transaction resistance, allowing merchants to communicate with the growing encryption from all over the world Currency holders conduct transactions. Utrust's goal is to create a comprehensive payment application program interface (API) for the market and has the ability to become a competitor of PayPal in the encryption payment industry.

1. Project introduction

The Utrust platform is a payment processing solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods alongside fiat currencies.

Application scenario

Reduce Buyer Purchase Risk
Utrust covers all procurement (goods and most services) services. While other traditional solutions like PayPal only cover the purchase of physical goods, crypto-based services like Bitpay cover nothing at all.

Payment Approval Speed
Unlike traditional payment systems which delay payment approval most of the time due to high risk of fraud and require numerous documents to be submitted, Utrust is able to approve payments instantly and provide both parties (buyer and seller) Hassle-free process.

Low Exchange Fees
Utrust offers low exchange fees for buyers and sellers by using advanced analytics connected to multiple cryptocurrency exchange providers. Services such as PayPal and Bitpay offer extremely high internal exchange rates.

Low Seller Fees
Utrust will charge sellers a flat fee of 1% on payments. Other services like PayPal charge a minimum flat rate of 2.9%, but can exceed 5% after all "hidden fees" are factored in.

Accept multiple cryptocurrencies
The Utrust platform accepts the most used cryptocurrencies in the market (Bitcoin, Ethereum, Litecoin, Dash Monero, etc.), covering a larger percentage of the total market capitalization. Other services like Bitpay only accept Bitcoin, limiting their market to half of the total market capitalization. As more tokens are created and added to the market, their capture percentage will only shrink further.

Funds Security
Harness the power of blockchain and say goodbye to credit card fraud. Users are in control of their private keys and funds without even having access to your wallet. Traditional centralized solutions have a poor track record of keeping funds safe.

No chargebacks
Sellers will be protected from rampant credit card fraud and nasty chargebacks, which occur frequently with traditional payment services that still rely on credit cards.

Customer Payment Protection
Services like PayPal PayPal is known to rely heavily on a buyer/seller protection program. However, it only covers purchases of physical goods. Bitpay does not cover any purchases, making transactions irreversible and exposing users to potential fraud. Utrust's expansion of consumer protection by covering both physical and virtual (where applicable) purchases will guarantee comprehensive coverage for all eligible payments made through Utrust.

Dispute Resolution Timeframe
With traditional solutions like PayPal, where both parties can independently collect evidence (up to several months), the wait time for transaction resolution is long, which is a slow and painful process process. Utrust offers a self-mediated two-party resolution model and an advanced three-party resolution dispute mechanism that enables both parties to chat in real-time and be guided by one of Utrust's resolution mediators.

Seller Performance-Based Rating
Utrust implements a performance-based analysis algorithm to evaluate the seller's performance, so that the seller's performance decreases accordingly as the seller's performance increases. This mechanism creates a trustworthy environment that encourages sellers to perform better over time and increases buyer confidence. In the best case scenario, the bestseller sees its holding time knocked out, gaining immediate access to funding.

Decentralized Token with Indexed Value
Utrust is not just a payment platform. It will also issue its own cryptocurrency - Utrust Token (UTK). Users can buy/sell/send/receive their UTK on the platform, convert it to fiat or other crypto assets, or just keep it safe in your wallet and see its value grow in tandem with the platform. Transactions using Utrust tokens will be converted internally with zero conversion fees.

Two. Comment

Utrust is a pioneering payment platform where buyers can transact (privately or commercially) using cryptocurrencies available on Utrust. As an intermediary platform, Utrust not only provides legal currency collection channels for sellers, but also provides consumption services for buyers. Utrust aims to provide buyers with the consumer protection they deserve in online transactions, become an intermediary platform, a mediator of contradictions, reduce fraud by providing refund services, and protect merchants from the negative impact of cryptocurrency market fluctuations . By further optimizing the advantages of cryptocurrency, such as fast transactions, low cost and low cross-border transaction resistance, merchants are allowed to trade with growing cryptocurrency holders from all over the world.

Related Links:

https://utrust.com/
http://www.qukuaiwang.com.cn/szhb/2782.html
https://www.lianyi.com/zixun/996202