What is UTrust?
The simplenya explanation is to present secure payments for online transactions.
Many of us use online payments, and of course we are not far from criminal acts at the time of online transactions, whether it is stuck in a seller's temptation that only intends to deceive, whether it is fooled by other things, or possibly hacked into your online wallet, And of course almost of us have felt it all.
So there is Utrust that aims to provide a solution to the problem of this problem. In other words Utrust here will act as Rekber / mediator on every transaction, whether it is a problem that arose at the time of the transaction, from buyers - and sellers.
If I am not misinterpreting, the whitepaper Utrust explains that utrust will be a mediator between the buyer and the seller, resulting in a fair deal, and buyers can use any kind of cryptocoin they use to pay the seller.
I myself as admin cryptocoinindonesia.com feel this project will be very helpful considering I often save coin alternative and eager to use it for use as an online payment and of course often the seller does not receive the coin because of the hassle must swap again coin and the fee Must be paid on every outgoing transaction or incoming transaction and also time consuming.
Utrust here solves the problem by presenting a service that allows buyers to use preferred cryptocoin to pay to seller and utrust will forward payment from buyers to seller with payment method requested by seller / Utrust Token.
How does it work?
Buyer
Pay with the cryptocoin they choose and will be exchanged for a low converstion fee
Switch to FIAT
Cryptocoin is then redeemed to Fiat thus avoiding price changes at that time
Dynamic Holding
Utrust will keep the funds and will proceed to the sellers, tailored to the performance-based period.
Seller
Receive in currency and can withdraw to bank account, store it in wallet or convert it into other cryptocurrency.
Secure Payment Platform
- Lower Buyer Purchase Risk
- Payment Approval Speed
- Exchange Fees are low
- Low seller's fee
- Receive various cryptocoin
- Funds safe
- No chargebacks
- Customer Payment Protection (Important)
- Resolution of disputes timeframe
- Performance Assessment of Sellers
- Decentralized Token with Index Values
For more details please visit the Website at the bottom of this article.
ROADMAP
Funding Phase
- 28th Aug 2017 – Pre-ICO Opens
- Sep 2017 – ICO Opens
MVP Implementation Phase
- Q2 2018 – Platform Test API for Merchants | Integrate with merchant checkout mechanisms Test mediated chat mode
- Q3 2018 – Client API, Wallet Web App | Check your balance & transactions Integration with major eCommerce platforms
Staged Rollout Phase
- Q4 2018 – Native apps iOS, Android | 200+ Merchants, Live Transactions
- Q1 2019 – Platform Refinements & Expansion | 1000+ Merchants, Progressive hiring of mediators
TEAM
- Nuno Correia, CEO
- Filipe Castro, CIO
- Artur Goulão, CTO
- Roberto Machado, CPO
- Luís Ferreira, Head of Engineering
- Laura Esteves, Head of Operations
- João Ferreira, Head of Design
- Nick Olender, Head of Sales & Partners
- Miguel Palhas, Software Engineer
- Francisco Baila, Product Designer
- Gabriel Poça, Software Engineer
- Ronaldo Sousa, Software Engineer
- Fernando Mendes, Software Engineer
- Bruno Azevedo, Software Engineer
- Pedro Costa, Software Engineer
- João Justo, Software Engineer
- Francisco Maia PhD, Distributed Systems Advisor
- Francisco Cruz PhD, Architecture Advisor
- João Paulo PhD, Cloud Computing Advisor
- Sérgio Viana, Product Advisor
Connect the UTrust project:
- Website: https://utrust.io/
- Whitepaper: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.pdf
- Facebook: https://www.facebook.com/utrust.io/
My Bitointalk Username: arsyah18
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=952909
My ETH wallet address: 0x780b0F5443c365f0ed88cd0f82Eb7c708d26E3E6