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logoUtrust (UTK)

A Payment Integration Solution for Online Digital Currencies.
  • Utrust is a payment integration solution that allows e-commerce businesses to accept digital currencies as a form of payment.
  • The platform claims to offer instant transactions and immediate crypto-to-cash settlements for merchants with a flat 1% transaction fee (as of October 2nd 2020).
  • Utrust also offers buyers consumer protection. Consumers are expected to receive their money back if something goes wrong.
  • The UTK token is an ERC-20 token on the Ethereum blockchain and is the native token on the Utrust platform. It is used for the following functions:
    • A payment token to pay for the products and services provided by merchants who have integrated Utrust as a payment solution.
    • A waiver of fiat conversion fees when paying with UTK instead of other digital currencies.
    • As a form of payment for refunds.
    • Allows affiliates of the Affiliate Program to be entitled to a share of the revenue generated by merchants, with affiliates being paid in UTK.

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