UTRUST Raises $3.5 Million for Blockchain Payments Platform, Public ICO in October

UTRUST has raised $3.5 million from early private investors and its sold out pre-ICO for its blockchain payments platform.

News provided by

UTRUST

Sep 20, 2017, 07:26 ET

ZUG, Switzerland, Sept. 20, 2017 /PRNewswire/ -- UTRUST is pleased to announce it has so far raised $3.5 million USD in total, for the world's first Bitcoin and cryptocurrency payments platform with consumer protections. To express gratitude and to show how much they appreciate the enthusiasm of their supporters, UTRUST has decided to introduce an Early Supporter Reward.

Anyone who is already registered, or who registers on the UTRUST website before the 20th of September 2017, will receive a 20% reward on the first $10,000 contributed during the ICO. For example, if a supporter contributes $1,000, they will receive $1,200 of UTRUST tokens.

UTRUST CEO Nuno Correia, and co-founder Filipe Castro, CIO also hosted a live video streaming AMA event on the 15th Sept. Nuno, Filipe, and Artur the CTO answered many questions from the community. The full recorded live stream can be viewed here.

Last week, UTRUST also announced that a new public ICO date will be shared in early October, with a more equitable public ICO structure.

About UTRUST

UTRUST has currently raised $3.5 million through private early investors and the sold-out pre-ICO, with the public ICO to be announced in early October.

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.

With 2.5 billion unbanked people in Emerging Markets yet to benefit from financial inclusion, UTRUST is also planning to build the bridge to enable the unbanked worldwide to access the mainstream global financial system.

UTRUST ICO and Tokens

UTRUST's public ICO will be set in October. 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: https://utrust.io
Read the UTRUST Whitepaper: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
Learn more about UTRUST's ICO: https://utrust.io/ico
Follow UTRUST on Twitter: https://twitter.com/UTRUST_Official
Join UTRUST on Facebook: https://www.facebook.com/utrust.io
Join the UTRUST Slack conversation: https://utrust-official.slack.com
Join UTRUST on Telegram at: https://t.me/utrustofficial
Read UTRUST's posts on Medium: https://medium.com/@UTRUST