UTRUST Predicts Blockchains Will Provide US $3.7 Trillion Boost to Economic Growth in Emerging Markets
UTRUST enables the unbanked worldwide to transact with the global financial system, predicts GDP of emerging economies to gain $3.7 trillion
ZUG, Switzerland, Sept. 11, 2017 /PRNewswire/ -- Payments startup UTRUST believes that with 2.5 billion unbanked people in Emerging Markets to benefit from financial inclusion, blockchain technology has the potential to create nearly 95 million new jobs across all sectors in unbanked nations*.
UTRUST's completed pre-ICO and upcoming fundraising aim to build a global payments platform with extensive cryptocurrency support, ensuring merchants and people in developed and emerging markets have a secure and transparent platform to carry out transactions.
Nuno Correia, UTRUST CEO, said: "UTRUST sees the potential of cryptocurrencies and digital technology to transform financial services provision in both developed and developing markets. The potential gains are particularly exciting in emerging markets where mobile phone penetration could recreate the role physical banking infrastructure plays in developed markets."
UTRUST aims to develop the world's first ready-to-use cryptocurrency payments platform aimed in part at the 2.5 billion unbanked people worldwide. UTRUST's token can be used for making zero fee payments to the thousands of merchants accepting any cryptocurrency via UTRUST, and be traded against other currencies on supported exchange platforms.
UTRUST's public ICO commences on Sept. 20, 2017, at 2 p.m. GMT. The seven upcoming ICO rounds will begin immediately after the previous round has sold out, bringing UTRUST to $50 million of funding, and provide the launchpad required to revolutionize the payments space.
About UTRUST
UTRUST has currently raised $3.5 million through private investors and the sold out pre-ICO, with the public ICO commencing on 20th Sept. 2017.
UTRUST is the world's first cryptocurrency payments platform to implement consumer protections on a mass scale. The company is building a global PayPal–like payments platform with extensive cryptocurrency support.
UTRUST's end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world's first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.
UTRUST ICO and Tokens
UTRUST's public ICO is set to go live on Sept. 20th, 2017, with each of these seven upcoming ICO rounds beginning immediately after the previous round has sold out, bringing UTRUST to $50 million of funding.
The company will use the collected funds to establish key industry partnerships and to develop the world's first PayPal-like cryptocurrency payments platform. The ERC20 compatible tokens are created over the Ethereum protocol and can be used as a means of payment on UTRUST's payment gateway along with other cryptocurrencies.
UTRUST's token can be used for making zero fee payments to the thousands of merchants accepting any cryptocurrency via UTRUST, and be traded against other currencies on supported exchange platforms.
UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation. Being a deflationary currency by design, the demand for UTRUST tokens will increase with time, which combined with buyback should lead to appreciation in its market value.
To learn more about UTRUST's ICO please go to https://utrust.io/ico
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 approach.
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.
Other significant team members include Luis Ferreira as Head of Engineering; Laura Esteves as Head of Operations; Joao Ferreira as Head of Design; Nick Olender as Head of Sales and Partnerships; and Francisco Baila as Product Designer. UTRUST has a team of software engineers like Miguel Palhas, Gabriel Poca, Ronaldo Sousa, Fernando Mendes, Bruno Azevedo, Pedro Costa, and Joao Justo.
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 at – https://utrust.io
Read the UTRUST Whitepaper at – https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
Learn more about UTRUST's ICO at – https://utrust.io/ico
Follow UTRUST on Twitter at – https://twitter.com/UTRUST_Official
Join UTRUST on Facebook at – https://www.facebook.com/utrust.io
Join the UTRUST Slack conversation at – https://utrust-official.slack.com
Join UTRUST on Telegram at – https://t.me/utrustofficial
Read UTRUST's posts on Medium – https://medium.com/@UTRUST
Media Contact
Contact Name: Nuno Correia, UTRUST CEO
Contact Email: [email protected]
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland
UTRUST is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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