UTRUST Predicts Blockchains Will Provide US $3.7 Trillion Boost to Economic Growth in Emerging Markets and that They will Beat All Competition in the Online Payments Industry
The world’s first Bitcoin and cryptocurrency payments platform with consumer protections, UTRUST will enable the unbanked worldwide to transact with the global financial system, and predicts inclusion in the digital economy could boost GDP of all emerging economies by US $3.7 trillion by 2025.
Payments startup UTRUST believes that with 2.5 billion unbanked people in Emerging Markets to benefit from financial inclusion, blockchain technology has the potential to create nearly 95 million new jobs across all sectors in unbanked nations.
UTRUST’s completed pre-ICO and upcoming fundraising aims to build a global payments platform with extensive cryptocurrency support, ensuring merchants and people in developed and emerging markets have a secure and transparent platform to carry out transactions.
Nuno Correia, UTRUST CEO, said:
UTRUST sees the potential of cryptocurrencies and digital technology to transform financial services provision in both developed and developing markets. The potential gains are particularly exciting in emerging markets where mobile phone penetration could recreate the role physical banking infrastructure plays in developed markets.
UTRUST aims to develop the world’s first ready-to-use cryptocurrency payments platform aimed in part at the 2.5 billion unbanked people worldwide. UTRUST’s token can be used for making zero fee payments to the thousands of merchants accepting any cryptocurrency via UTRUST, and be traded against other currencies on supported exchange platforms.
UTRUST’s public ICO commences on September 20, 2017 at 2pm GMT. The 7 upcoming ICO rounds will begin immediately after the previous round has sold out, bringing UTRUST to $50 Million of funding, and provide the launchpad required to revolutionize the payments space.
UTRUST has currently raised $3.5 Million through private investors and the sold out pre ICO, with the public ICO commencing on 20th September 2017.
UTRUST is the world’s first cryptocurrency payments platform to implement consumer protections on a mass scale. The company is building a global PayPal–like payments platform with extensive cryptocurrency support.
UTRUST’s end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world’s first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.
UTRUST ICO and Tokens
UTRUST’s public ICO is set to go live on September 20th, 2017, with each of the 7 upcoming ICO rounds beginning immediately after the previous round has sold out, bringing UTRUST to $50 Million of funding.
The company will use the collected funds to establish key industry partnerships and to develop the world’s first PayPal-like cryptocurrency payments platform. The ERC20 compatible tokens are created over the Ethereum protocol, and can be used as a means of payment on UTRUST’s payment gateway along with other cryptocurrencies.
UTRUST’s token can be used for making zero fee payments to the thousands of merchants accepting any cryptocurrency via UTRUST, and be traded against other currencies on supported exchange platforms.
UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation. Being a deflationary currency by design, the demand for UTRUST tokens will increase with time, which combined with buyback should lead to appreciation in its market value.
To learn more about UTRUST’s ICO please go to: https://utrust.io/ico