What do you know about Utrust (UTK)?. It is a cryptocurrency launched in 2017 and operates on the Ethereum platform. Do you think it scam or legit? Let's find out now.
What is Utrust (UTK)? How does it work?
Utrust (UTK) operates as a decentralized cryptocurrency payment processor. The network focuses on e-commerce businesses via a suite of proprietary features and products. The goal of the project is to make it easy for businesses to seamlessly accept cryptocurrency payments. To this extent, Utrust continues to deliver with more businesses joining the protocol weekly.
Utrust works through a combination of systems. The network makes it easy to accept digital currencies. It combines the most popular features found on traditional payment gateways with the security of blockchain technology. This structure enables the protocol to conduct real-time business-to-consumer transactions.
When a transaction is sent, the network automatically converts the cryptocurrency into fiat currencies in real-time. This process is completely autonomous and the network seeks out the lowest conversion rate as part of the process. Notably, there is a holding period in place for new merchants to prevent fraud. As your reputation builds and you conduct more transactions, the holding period gets waived.
Is Utrust (UTK) scam or legit?There are few characteristics that we can based on to analyze if the project is legit or scam, such as:
Who is the founders?
Utrust was founded in 2017 and developed by Filipe Castro, Nuno Correia, Roberto Machado, and a team of the world’s leading corporate management, startups, payments, cryptocurrency development, law, finance, and computer science. Some of the prominent members of the team include:
Nuno Correia, CEO
Nuno Correia is an early cryptocurrency investor who has been involved in the cryptomarkets since the beginning of 2011. Having founded multiple B2C businesses in the past, Correia has a background in Law and Marketing, and his passion lies in transforming the future of digital payments.
Filipe Castro, CIO
Filipe Castro holds a business degree from MSENG and is passionate about disruptive technologies. He has experience developing electronic payment systems and other software solutions during the early days of his career. Castro is engaged in business development and strategic development of new ventures.
Artur Goulão, CTO
Artur Goulão comes with previous experience in the payments industry. He has previously donned the role of a CTO in one of leading digital payment platform and is currently serving as the Head of Development at a Swiss-based Cybersecurity company. With a background in computer science from IST and MIT, Goulão is well-acquainted with both classical and blockchain smart contract based approach.
Roberto Machado, CPO
Founder and Product Manager at several startups prior to UTRUST, he has been leading different teams to build highly-reliable software products, with a focus on the end user experience. Previously, he has worked together with major international companies such as AT&T, Betfair, Airtel, and Uphold, being responsible for the vision outline, goals and product strategy of solutions used by millions of users.
How do people talk about Utrust?
As you can see in the screenshot above, Utrust gained a lot of positive feedbacks on Trustpilot website. What made people happy about the project? Let's find out some most rated comment below.
Cryptocurrency PaymentsI was looking for a way to accept Cryptocurrency payments to my online clothing store and that’s where I discovered Utrust. Totally satisfied with the decision that I took to go ahead and use Utrust. I can highly recommend Utrust to anyone who is looking for a way to integrate a cryptocurrency supported payment gateway to the website. You will never regret about the decision.
It is much cheaper than a traditional payment processorAnyone who wants to integrate the best payment processor to an online store can go ahead with utrust as It is one of the best options available for you to consider as of now
In another hand, other dissatisfied with Utrust because it used spammed bombardment to advertise their project to other users that makes them feel annoying.
What do you think about Utrust? Do you have the same good experience about Utrust like other users on Trustpilot? Leave your words below to tell us your opinion about Utrust.