UTRUST

[haxllega]

Nothing wrong if they try to compare this to paypal or any other online payments, every platform/project/etc. is influenced by other other project and made them better. I think Utrust will be able to compete and be better platform for online gateway and payments.

Even if Paypal would adopt crypto payments, they would have to drop their fees in order to convince customers to use their platform and not Utrust.

it's true that Paypal has an advantage as being an established brand, but if they take their sweet time to enter the crypto market, they'll find that that advantage goes away real quick in favor of Utrust.

I agree, though Paypal has been in the industry for some time now but venturing into cryptocurrency is another story. The had to adjust to it because of course using cryptocurrencies usually has lesser fees compared to the more established Paypal. I t could be a friendly competition and UTRUST can maybe learn something from Paypal and vice versa.

Online retailers can add PayPal along with UTrust, if one day PayPal will add cryptos, not only they will have high fees because they'll to use a third party, I think they'll add only major currencies (Bitcoin, Litecoin, and Dogecoin with GoCoin, Bitcoin, Litecoin, Ether with Coinbase)

Well if UTrust starts before PayPal integrate crypto payments, and build up already enough customers, their should be no problem for UTrust at all. I more likely see a problem for Paypal then to get a step into crypto.

And even if paypal enters into the kryptomarket, their should be enough room for both of them, like many telephone-companies, movie-companies, coinexchanges,  VISA, AMEX and so on can coexist, I am sure.

Right, and there are lots of reasons why myself am looking for alternatives to paypal, for example, they have frozen accounts a lot.

Yes, that is the main problem with Paypal. They freeze accounts of political incorrect people and establish government interfaces. Payment should be decentralized!

I also know some YouTubers who experienced this freezes some time ago.

[niklasmato]

I have another question regarding the mediators. Will the mediator be someone from Utrust or an external party? I expect that there will be a lot of complaints when the platform grows expantionally and you might need to have multiple mediators to handle this load.

[Drokzid]

Good morning everyone!
Tell me please when payments for the bounty start?
And what course will UTRUST have?
Just do not understand anything, everywhere different information, what to do?
Thank you all for your answers!
Have a nice day

You should ask that in the official bounty thread: https://bitcointalk.org/index.php?topic=2078526.0

Just have a look at the whitepaper to understand their business model: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf

[batako]

What did you raised so far ? When is the ICO?

I believe there were $3.5m already reaised during the pre-ico. And the ICO is to be announced this week. Just wait.

I don't think preico happened yet. Last time I checked it was for presale and private investors.

Pre-ICO has happened a month ago:
28th August
Pre-ICO | 50,000,000 (5%) | Sold out | $1,500,000

Date for ICO will be announced soon.
Very curious how the crowdsale will be going. Great work team!

Pre ICO is the same term as pre sale. There are a lot of terms we use in ICO and sometimes it make us unable to distinguish it. Btw, I wish the crowdsale will happen this week.

[bitsurfer2014]

they only need 3 day to get 3,5 million$. 45 million $ under 30 day is an easy target for this project

It's encouraging to have raised 3,5 mill $ in 3 days, but 45 mill is going to be a hell of a lot more difficult. Hopefully they'll succeed, cause this has some real potential.

The potential for UTRUST payment platform being utilized as the de facto standard by merchants is very huge as it offers multi crypto currency and multi fiat feature, coupled with its buyer & seller protection mechanism.  This I think, will be the driving force for a successful ICO and $45 million target is not impossible.

[Makka]

they only need 3 day to get 3,5 million$. 45 million $ under 30 day is an easy target for this project

It's encouraging to have raised 3,5 mill $ in 3 days, but 45 mill is going to be a hell of a lot more difficult. Hopefully they'll succeed, cause this has some real potential.

The potential for UTRUST payment platform being utilized as the de facto standard by merchants is very huge as it offers multi crypto currency and multi fiat feature, coupled with its buyer & seller protection mechanism.  This I think, will be the driving force for a successful ICO and $45 million target is not impossible.

The same reason I think UTRUST will become successful. The project is really helpful in the real world scenario. Unlike so many projects out there that are like doing something out of their whimsical visions and ideals, UTRUST is trying to make use of the existence of so many cryptos that we have right now.

[kraterion]

Yeah maybe one day we'll be grateful to UTrust because it will let us spend those cryptos that are basically only used for speculative purposes. I'm wondering if they're gonna add XVG (Verge) and NAV which are two superb coins but afaik are not accepted by any merchants

[magisterr]

I seen, that part of raised money will be for future parthnerships. Its right decision I think.

Partner Engagement – Developing relationships with non-merchants’ entities, such as exchange providers and other strategic partnerships, including possible joint ventures and incentives to drive platform adoption.

Parthneships with big project and servise very important for development product 

[Periodik]

Crypto market seems like returning back to its normal mode now. Although $45 million is indeed a big amount and a difficult task, a greener and a more healthy trend crypto market can help.

[niklasmato]

Yeah maybe one day we'll be grateful to UTrust because it will let us spend those cryptos that are basically only used for speculative purposes. I'm wondering if they're gonna add XVG (Verge) and NAV which are two superb coins but afaik are not accepted by any merchants

There are a lot of good coins that Utrust hopefully will add in the future. But I expect them to only allow BTC and ETH in the beginning. Oh and the UTRUST token off course.

[sockpuppet1911]

they only need 3 day to get 3,5 million$. 45 million $ under 30 day is an easy target for this project

That depends the structure of bonuses given on the Ico time frame. If they are using a large chunk of that 3,5 million to marketing, we could see 45M in no time.

[imtiazmahmood]

any official announcement for utrust which exchange list? i think this project is successful now. i hear everyone keep eyes on this project and talking about utrust. i am so excited about UTRUST.

[cantdecide]

Yeah maybe one day we'll be grateful to UTrust because it will let us spend those cryptos that are basically only used for speculative purposes. I'm wondering if they're gonna add XVG (Verge) and NAV which are two superb coins but afaik are not accepted by any merchants

There are a lot of good coins that Utrust hopefully will add in the future. But I expect them to only allow BTC and ETH in the beginning. Oh and the UTRUST token off course.

Not sure about this. I could imagen that they already will implement some more, maybe up to 4 or 5 different optional coins for the payments. There was no official statement regarding this, right? But in the whitepaper they at least talked about more coins, as I remember.

[Mozaa]

I will reserve arabic translation , if you needed

[levyashin]

I will reserve arabic translation , if you needed

It's not the tread for this.

You need to go bounty thread and also I'm not sure they will give translation job to a newbie. But you can try of course.

[Jay2408]

Yeah maybe one day we'll be grateful to UTrust because it will let us spend those cryptos that are basically only used for speculative purposes. I'm wondering if they're gonna add XVG (Verge) and NAV which are two superb coins but afaik are not accepted by any merchants

There are a lot of good coins that Utrust hopefully will add in the future. But I expect them to only allow BTC and ETH in the beginning. Oh and the UTRUST token off course.

Not sure about this. I could imagen that they already will implement some more, maybe up to 4 or 5 different optional coins for the payments. There was no official statement regarding this, right? But in the whitepaper they at least talked about more coins, as I remember.

Yes, that's what I understood that there will be first around 4-5 different coins. Now and then they will add another coin which according to dev will be dependent on volume, transaction fee, community demand, etc.

[ace4549]

Resources

• Whitepaper: Download (Version 1.0.1)
• Website: https://utrust.io
• Team: https://utrust.io/team
• Introduction: https://www.youtube.com/watch?v=mGAaaV-aVGs
• Bounties: https://bitcointalk.org/index.php?topic=2078526.0

Community

• Slack: Request Invite
• Twitter: https://twitter.com/UTRUST_Official
• Facebook: https://www.facebook.com/utrust.io
• Telegram: https://t.me/utrustofficial

i like the utrust whitepaper however is there an application for utrust?

[kraterion]

Yeah maybe one day we'll be grateful to UTrust because it will let us spend those cryptos that are basically only used for speculative purposes. I'm wondering if they're gonna add XVG (Verge) and NAV which are two superb coins but afaik are not accepted by any merchants

There are a lot of good coins that Utrust hopefully will add in the future. But I expect them to only allow BTC and ETH in the beginning. Oh and the UTRUST token off course.

Not sure about this. I could imagen that they already will implement some more, maybe up to 4 or 5 different optional coins for the payments. There was no official statement regarding this, right? But in the whitepaper they at least talked about more coins, as I remember.

Yes, that's what I understood that there will be first around 4-5 different coins. Now and then they will add another coin which according to dev will be dependent on volume, transaction fee, community demand, etc.

They will look at the price stability also I guess (for example xrp is one of the most stable coins out there, even if I don't like it)

[Bitshan]

any official announcement for utrust which exchange list? i think this project is successful now. i hear everyone keep eyes on this project and talking about utrust. i am so excited about UTRUST.

i think it will be added in Bittrex. Yes keep eyes on this project, you're in the right track. and im very excited also

[haxllega]

they only need 3 day to get 3,5 million$. 45 million $ under 30 day is an easy target for this project

It's encouraging to have raised 3,5 mill $ in 3 days, but 45 mill is going to be a hell of a lot more difficult. Hopefully they'll succeed, cause this has some real potential.

The potential for UTRUST payment platform being utilized as the de facto standard by merchants is very huge as it offers multi crypto currency and multi fiat feature, coupled with its buyer & seller protection mechanism.  This I think, will be the driving force for a successful ICO and $45 million target is not impossible.

We will see but I don't think it's possible because only a few ICOs are able to collect more than $10 M USD.