UTRUST Smashes past Soft-Cap During Pre-ICO, Ahead of Ongoing ICO

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Continuing from where it left off during its pre-sale event – which sold out in 90 minutes – UTRUST has smashed through its $10 million soft cap barely a day into its public ICO on November 2nd. This monumental milestone achievement has set the foundation for the company’s revolutionary cryptocurrency payments platform with consumer protection.

Demand for the tokens has been buoyed by news of UTRUST’s incorporation as a limited liability company in Switzerland, its ongoing progress towards full regulatory compliance within the Swiss jurisdiction, and appearance at key blockchain conferences around the world. These recent developments are in line with the startup’s commitment to protect customers by ensuring a legally-compliant and future-proof platform.

Set to disrupt the online payments industry and bring about financial inclusion to some 2.5 billion unbanked people and merchants in the global market through blockchain-based, innovative solutions, UTRUST acts as a trustless mediator for online transactions powered by cryptocurrency. Its’ groundbreaking, PayPal-like consumer protection mechanisms enables users to confidently buy and sell goods and services using their favorite cryptocurrencies, knowing that their purchases are protected and refundable. Merchants, on the other hand, can accept cryptocurrency payments with the knowledge that they can protect against market volatility by instantly withdrawing to fiat.

UTRUST believes that future of online payment will be based on cryptocurrencies. This is why it’s ICO is one of the few ICOs that allows citizens from the US participate. The conditional participation enables accredited US investors to buy tokens subject to a 12-month vesting period where they can neither be withdrawn or sold. The public ICO, which launched on November 2nd has been set for a $49 million hard cap.

Funds realized from the token sale will enable UTRUST establish key industry partnerships in developing the world’s first PayPal-like cryptocurrency payments platform. UTRUST’s end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, alongside payment protections, which consumers need to fully embrace blockchain technology en masse.

UTRUST’s ERC20 compatible tokens are created over Ethereum blockchain network protocol, and can be used as a means of zero transaction fee payment on the payment gateway. The token can also be traded against other currencies on supported exchange platforms. Being a deflationary currency by design, UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation. This will ensure the steady growth and increase of market value and demand.

The Team:

UTRUST is backed by a highly experienced team from various sectors including 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 approaches.

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.

UTRUST’s diverse advisory team includes Francisco Maia, Francisco Cruz, Joao Paulo, Sergio Viana, Marc Howland, David Dryan, Daniel Pierce and Sascha Benz.

Learn more about UTRUST: https://utrust.io

Join UTRUST on Telegram at: https://t.me/utrustofficial

Whitepaper: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf

Visit UTRUST on bitcointalk: https://bitcointalk.org/index.php?topic=2078433.0