UtrustPrice

(UTK)

Utrust (UTK) is a crypto/Web3 project that was developed as a digital payment processing platform. Its primary goal is to bridge the gap between traditional financial systems and the world of cryptocurrencies, making it easier for both buyers and merchants to engage in crypto payments. The platform allows buyers to pay for goods and services using various cryptocurrencies. For merchants, Utrust facilitates instant conversion of these cryptocurrencies into fiat currency, such as EUR or USD. This feature is designed to protect merchants from the volatility often associated with cryptocurrency markets. A core aspect of Utrust is its emphasis on consumer protection. It incorporates a buyer protection system and dispute resolution mechanisms, acting as a trusted mediator for transactions. This aims to address the lack of consumer protection in many existing crypto payment systems, providing a secure environment for resolving issues, similar to traditional payment services. The native token of the project is UTK. It functions within the Utrust ecosystem, offering benefits such as reduced transaction fees when used for payments. The UTK token is an ERC-20 standard token built on the Ethereum blockchain. It also features a deflationary mechanism where a small amount of UTK tokens are burned with each transaction. Utrust integrates with existing e-commerce platforms, providing businesses with a simplified way to accept crypto payments without needing extensive blockchain expertise. It is important to note that Utrust (UTK) is the legacy token of the former Utrust project, which has since merged into the xMoney ecosystem. UTK holders have the option to upgrade their tokens to the new XMN token, which serves as the multi-functional token powering the regulated xMoney financial ecosystem. Learn more

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