#btc, bitcoin, bitcoin press release, blockchain, cryptocurrency, decentralized, digital currency, switzerland, token, token sale, ultimate executive, utrust, zug

UTRUST Breaks $10 Million Soft Cap on Opening Day of Public ICO For Blockchain Payments Platform

Bitcoin Press Release: UTRUST has surpassed its $10 million soft cap target on only the first day of its public ICO on November 2nd 2017, picking up where it left off from the intense demand during its pre-ICO, which sold out in 90 minutes. The digital payments platform is set for reaching its milestone of raising $49 million in financial leverage.

November 3, 2017, Zug, Switzerland: Barely a day after the launch of its upgraded ICO, UTRUST continues to surpass expectations, with a high demand for its tokens pushing the total funds raised to $10 million. Having achieved the soft cap target, UTRUST now has a strong foundation upon which to achieve its mission of disrupting online payments with cryptocurrency.

The surge in token sales on opening day likely benefited from UTRUST’s ICO being one of the few of its kind to welcome conditional participation from US citizens. Accredited US investors are allowed to buy tokens on a first come, first served basis, and are subject to a 12-month vesting period applied to tokens sold.

Interest and demand for UTRUST tokens have been further buoyed by recent developments with regards to regulatory adjustments, which ensures that the ICO adheres to all rules and regulations by financial entities in the Swiss jurisdiction. This is in line with the startup’s commitment to protect customers by ensuring a legally-compliant and future-proof platform.

The project continues to gain pace and build momentum with multiple appearances at several key blockchain conferences scheduled across the globe. The UTRUST team carry the key messages of UTRUST’s mission to bridge some 2.5 billion unbanked people and merchants to the global financial economy through the innovative features of blockchain-based cryptocurrency.

UTRUST offers a simple solution focused on consumer protection. Acting as a mediator for transactions, both parties to transactions are relieved of liability. Users can purchase goods and services while merchants get paid, using their choice of cryptocurrency or traditional fiat.

About UTRUST

UTRUST has currently raised $10 Million and reached its soft cap in its ongoing public ICO.

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 launched on November 2nd to obtain a financial leverage of up to $49 million. 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
Join UTRUST on Telegram at: https://t.me/utrustofficial
Read the UTRUST 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
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/
Read UTRUST’s posts on Medium: https://medium.com/@UTRUST

Media Contact

Contact Name: Nuno Correia, UTRUST CEO
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

Watch UTRUST‘s new video here:

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.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

The post UTRUST Breaks $10 Million Soft Cap on Opening Day of Public ICO For Blockchain Payments Platform appeared first on Bitcoin PR Buzz.

Source: BPRB News feed
UTRUST Breaks Million Soft Cap on Opening Day of Public ICO For Blockchain Payments Platform

bitcoin, bitcoin blast, bitcoin press release, blockchain, cryptocurrency, decentralized, digital currency, ico, pre-ico, switzerland, utrust, zug

After A 90 Minute Wipe Out During Pre-Sale, UTRUST Announced Upgraded ICO Launch Plan

The ICO for the UTRUST Platform is set to start on November 2nd 2017 at 2:00 pm UTC.  One of the few of its kind, UTRUST will allow U.S citizens to participate in the event provided they are accredited investors. A recent announcement reads:

“U.S. investors can buy tokens on a first come, first serve basis. Additionally, U.S. investors will be subject to a 12-month vesting period during which tokens can neither be withdrawn nor sold.”

The fundraising campaign will allow participants to become part of the first blockchain-based payment platform with a disruptive escrow and dispute resolution system, giving them access to the platform without fees. Tokens are to be made available for purchase using Bitcoin or Ethereum.  The price is set for approximately  $ 0.07 per token. More details are available at UTRUST – ICO.

Following the  token pre-sale in August which sold out in just 90 minutes, gathering 1.5 million dollars, the UTRUST ICO was postponed to the 2nd of November. These changes are in response to recent regulatory changes regarding ICO projects. In a recent blog post, the UTRUST team stated:

“UTRUST remains fully committed to adhere to all rules and regulations by entities such as the Swiss Financial Market Supervisory Authority (FINMA) in order to assure a legally compliant, and future-proof platform…”  – Nuno Correia, CEO of UTRUST

UTRUST is a project that aims to eliminate the potential for mistrust between sellers and buyers  when cryptocurrency is involved. Often times, a seller is only aware of cryptocurrencies  like Bitcoin and Ethereum because of the negative news they have heard or seen which may cause the sellers to feel uneasy about accepting crypto in exchange for their offered goods and services.

On the other end of the spectrum, there are thousands of willing, paying customers who prefer using Bitcoin, Ethereum, Litecoin and other cryptocoins but it is a challenge to shop with crypto because of limited merchant acceptance. Shoppers also may be skeptical of vendors who accept coin because payments made with Bitcoin and similar cryptocurrencies have no protection at all for the person sending the payment. Once it is sent, the transaction is permanent and without recourse in the event of a deal gone bad

UTRUST offers a simple solution acting as a mediator for the transaction, similar to an escrow service.  By utilizing a clever crypto payment protection mechanism, both the seller and the buyer are relieved of liability.

UTRUST creates a flexibility that has not been possible until now. UTRUST users can shop with their favorite crypto and the merchant gets paid according to their preference too, even if they desire traditional fiat currencies. The UTRUST Whitepaper reads:

“This is a game-changer that we know can change how merchants and buyers use cryptocurrencies and we believe that the only missing link is a platform of mediation and trust. The UTRUST platform.”

Visit: https://utrust.io
Read the UTRUST Whitepaper Here.
Participate In UTRUST ICO Here.

Contact Name: Nuno Correia (CEO)
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

The post After A 90 Minute Wipe Out During Pre-Sale, UTRUST Announced Upgraded ICO Launch Plan appeared first on Bitcoin PR Buzz.

Source: BPRB News feed
After A 90 Minute Wipe Out During Pre-Sale, UTRUST Announced Upgraded ICO Launch Plan

bitcoin, bitcoin press release, blockchain, cryptocurrency, cryptomarket, digital currency, finance, ico, switzerland, token sale, ultimate executive, utrust, zug

UTRUST Blockchain Payments Platform Raises Profile in Global Conferences, Targets 2.5 Billion Unbanked

Bitcoin Press Release: UTRUST will embark on a global awareness campaign that will see the company participating in major blockchain conferences across three continents. UTRUST’s blockchain-based platform will launch through an ICO on November 2nd 2017 (2pm UTC), as it works to bridge cryptocurrency payments with 2.5 billion unbanked people and merchants.

October 20, 2017, Zug, Switzerland: It is estimated that 2.5 billion people still do not have access to the global financial system. Their digital inclusion is predicted to boost the GDP of emerging economies by $3.7 trillion by 2025, buoyed by some 95 million jobs created as a result of blockchain revolution in unbanked countries. UTRUST seeks to capitalize on the boom of developed markets while leveraging the potential of emerging ones.

In view of this, UTRUST will commence on an awareness campaign that hopes to advocate for its innovative platform and raise its profile as a pioneer in blockchain solutions for the unbanked. So far, it has confirmed its participation in a series of nine key blockchain conferences scheduled to take place over the remainder of the year:

Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
Web Summit 2017 – November 6 to 9, Lisbon, Portugal
Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
Switzerland Wealth Innovation Tour
– November 15, Zug, Switzerland
Blockchain Summit – November 22, Zug, Switzerland
Blockchain Summit London Olympia
– November 28, London, UK
Blockshow Asia – November 29 and 30, Singapore
Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

UTRUST believes these conferences are opportunities to strike up new, relevant partnerships in the areas of cryptocurrency development and financial technology, harmonizing multiple efforts to bring blockchain’s disruptive technology to digital payments and emerging markets.

Recognizing the global trends of cryptocurrency regulation and pre-empting the impending need for a standardized KYC/AML for regulated exchanges, UTRUST remains committed to fulfilling all necessary requirements that would result in a solution that is legally compliant and future-proof.

UTRUST continues to make progress on legal recognition and legitimization in Switzerland, following its initial step of getting incorporation as a GmbH (Swiss equivalent of a limited liability company). An announcement will be made in the near future regarding the first steps of UTRUST’s AML/KYC onboarding.

About UTRUST

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 held on November 2nd. 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
Visit UTRUST on bitcointalk: https://bitcointalk.org/index.php?topic=2078433.0
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

Media Contact

Contact Name: Nuno Correia, UTRUST CEO
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

Watch UTRUST‘s new video here:

The post UTRUST Blockchain Payments Platform Raises Profile in Global Conferences, Targets 2.5 Billion Unbanked appeared first on Bitcoin PR Buzz.

Source: BPRB News feed
UTRUST Blockchain Payments Platform Raises Profile in Global Conferences, Targets 2.5 Billion Unbanked

altcoin, bitcoin, bitcoin press release, blockchain, crowdsale, cryptocurrency, digital currency, ico, pre-ico, switzerland, token, ultimate executive, utrust, zug

UTRUST Attending Blockchain Conferences in Europe, Asia and North America Ahead of November 2nd ICO

Bitcoin Press Release: Two weeks ahead of its ICO on November 2nd 2017 (2pm UTC), cryptocurrency payments solution UTRUST has confirmed participation in key blockchain conferences across Europe, North America and Asia. These represent ongoing efforts to raise awareness and build new partnerships as part of UTRUST’s bid to be the world’s leading digital and blockchain payment platform.

October 19, 2017, Zug, Switzerland: After incorporation as a limited liability company in Switzerland and continued progress towards full regulatory compliance within the Swiss jurisdiction, UTRUST aims to further its goal through active participation in upcoming Internet and blockchain events over the coming weeks and months.

The team behind UTRUST will make their way across the globe, promoting awareness of its digital and crypto payments platform in at least nine conferences targeting professionals and corporations involved with digital currencies, blockchain innovations and Internet technology.

Beginning with the Long Finance – Digital Currencies Trade Fair in London, UK, on October 23, 2017, UTRUST will be represented at the following events:

– Long Finance – Digital Currencies Trade Fair October 23, London, UK
Blockchain Economic Forum 2017 – October 31 to November 1, New York, USA
–  Web Summit 2017 – November 6 to 9, Lisbon, Portugal
–  Blockchain & Cryptocurrency Conference– November 11, Tokyo, Japan
– Switzerland Wealth Innovation Tour – November 15, Zug, Switzerland
–  Blockchain Summit – November 22, Zug, Switzerland
– Blockchain Summit London Olympia – November 28, London, UK
– Blockshow Asia – November 29 and 30, Singapore
– Cryptocurrency World Expo – December 1 and 2, Warsaw, Poland

UTRUST hopes to raise its profile and build momentum leading up to its ICO launch on November 2nd, 2017 (2pm UTC),  while firming up business synergy with relevant partners throughout the duration of its project.

Users and supporters are welcome to meet and speak to the team members at any of these events, so if any are attending, do come up for introductions.

The UTRUST ICO will run for a maximum of seven days or until a hard cap of $49 million is reached from the sales of its tokens (priced at a base rate of $0.065 each), or until sold out, whichever occurs first. No further tokens will ever be issued and any unsold tokens will be burnt, permanently reducing the total supply, currently at 1 billion.

This ICO represents the final round of fundraising for the world’s first blockchain payments platform with consumer protections, that is also targeting some 2.5 billion unbanked worldwide.

About UTRUST

UTRUST has currently raised $3.5 Million through private early investors and the sold out pre-ICO, with the public ICO scheduled for November 2nd 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.

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 held on November 2nd. 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
Visit UTRUST on bitcointalk: https://bitcointalk.org/index.php?topic=2078433.0
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

Media Contact

Contact Name: Nuno Correia, UTRUST CEO
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

Watch UTRUST‘s new video here:

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.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

The post UTRUST Attending Blockchain Conferences in Europe, Asia and North America Ahead of November 2nd ICO appeared first on Bitcoin PR Buzz.

Source: BPRB News feed
UTRUST Attending Blockchain Conferences in Europe, Asia and North America Ahead of November 2nd ICO

bitcoin, bitcoin press release, blockchain, cryptocurrency, decentralized, digital currency, ethereum, ico, pre-ico, switzerland, ultimate executive, utrust, zug

UTRUST Blockchain Payments Platform Announces ICO for November 2

Bitcoin Press Release: Cryptocurrency payments platform UTRUST has announced the launch of its ICO on November 2 2017 (2pm UTC), after making firm progress in gaining regulatory compliance in Switzerland, one of Western Europe’s fastest growing blockchain hubs.

October 9, 2017, Zug, Switzerland: Building on progress in solidifying its business structure, UTRUST is pleased to confirm that its public ICO will now commence on November 2, 2017 (2pm UTC). UTRUST tokens will be up for sale at a base rate of $0.065 each. The ICO will run for a maximum of seven days or until a hard cap of $49 million is reached, or until sold out, whichever occurs first. No further tokens will ever be issued and any unsold tokens will be burnt, permanently reducing the total supply, currently at 1 billion. This ICO represents the final round of fundraising for a blockchain payments system targeting some 2.5 billion unbanked.

UTRUST is being incorporated as a Swiss GmbH (essentially a limited liability company) and remains fully committed to achieving adherence to all relevant rules and regulations by financial entities within operational jurisdiction in Switzerland. This is in line with UTRUST’s mission to operate as a legally compliant and future-proof platform, in recognition of the impending need for implementation of KYC/AML procedures which will be the standard for regulated cryptocurrency exchanges.

About UTRUST

UTRUST has currently raised $3.5 Million through private early investors and the sold out pre-ICO, with the public ICO scheduled for November 2nd 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.

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 held on November 2nd. 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
Visit UTRUST on bitcointalk: https://bitcointalk.org/index.php?topic=2078433.0
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

Media Contact
Contact Name: Nuno Correia, UTRUST CEO
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

Watch UTRUST‘s new video here:

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.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

The post UTRUST Blockchain Payments Platform Announces ICO for November 2 appeared first on Bitcoin PR Buzz.

Source: BPRB News feed
UTRUST Blockchain Payments Platform Announces ICO for November 2

altcoins, bitcoin, bitcoin press release, cryptocurrency, digital currency, ico, soma, startup, switzerland, token, ultimate executive, utrust, zug

UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model

Bitcoin Press Release: UTRUST is pleased to announce a partnership to onboard Soma as the first merchant to utilize UTRUST’s upcoming blockchain payments platform.

October 4th 2017 Helsinki, FISoma, the blockchain startup that facilitates trade in classifieds, and UTRUST, a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving in fiat money, announced a partnership to upgrade the classifieds business model.

“Soma is proud to announce a partnership with UTRUST,” stated co-founder Joseph al Sharif, “UTRUST is a revolutionary payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism. Soma and UTRUST will both benefit by this fruitful partnership and we are excited to begin this collaboration as a long-term union between two innovative concepts.”

This partnership will create an entirely new breed of C2C business models. In harmony with the decentralized model, consumers will trade their goods on Soma, not through middlemen, brokers and corporations, but through mass engagement and ingenious code.

Soma and UTRUST will abolish unfair and incorrect trading fees, thus providing a just proportion of profits among its community. This partnership will usher the era of decentralized social wealth and creating a digital marketplace that will rival with the likes of eBay and Amazon.

About SOMA:

Soma is an Ethereum blockchain-based social marketplace that leverages social capital through its rewarding system and utilizes blockchain technology to create a decentralized ecosystem that incentivizes its community members to perform value-adding services for the benefit of the community as a whole.

About UTRUST:

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.

Visit the UTRUST website: https://UTRUST.io/
Follow UTRUST on Facebook: https://www.facebook.com/UTRUST.io/
Follow UTRUST on Twitter: http://twitter.com/UTRUST_Official

Visit the Soma website: https://soma.co
Follow Soma on Facebook: https://www.facebook.com/socialmarketapp/
Follow Soma on Twitter: http://twitter.com/SomaToken

SOMA Media Contact:
Name: Emie-Claude Lamoureux
Email: ec.lamoureux@mlgblockchain.com
Location: Helsinki, Finland

UTRUST Media Contact:
Name: Nuno Correia, UTRUST CEO
Email: nuno@utrust.io
Phone: +41 22 518 70 77
Location: Zug, Switzerland

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UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model

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UTRUST Joins Blockchain Consortium Crypto Valley in Switzerland, Ethereum Pre ICO Monday 28th August

Bitcoin Press Release: Building the Bitcoin and cryptocurrency payments platform of the future, UTRUST announces corporate membership in Crypto Valley – Swiss blockchain technology incubator, as Pre ICO launches 28th August.

August 28, 2017, Zug, Switzerland –  With an experienced team spanning corporate management, B2C startups, payments, blockchain development, law, finance, and more, payments startup UTRUST is pleased to announce its corporate membership in Crypto Valley – a blockchain and cryptocurrency technology consortium in Switzerland.

Crypto Valley is a blockchain analog to Silicon Valley, where some of the leading internet technologies and multibillion-dollar businesses were born. Based in Zug, Switzerland, the Crypto Valley Association is an independent organization that enjoys government support.

The association connects with similar hubs from across the world to create a business and knowledge network to accelerate innovation in the blockchain and cryptographic technology sector.

UTRUST’s mission to drive mainstream cryptocurrency adoption while ensuring consumer and merchant interests, closely aligns with the strategic goals of Crypto Valley.

 

About UTRUST

 

UTRUST is the world’s first cryptocurrency payment platform to implement consumer protections on a mass scale. The company is building a global PayPallike 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.

As UTRUST continues to develop its cryptocurrency backed payment ecosystem, the company has recently announced the dates for its Ethereum and Bitcoin crowdsale.

Explaining the company’s vision and upcoming ICO, UTRUST co-founder Filipe Castro said:

“UTRUST is a groundbreaking payment platform that empowers buyers to pay with their favorite cryptocurrencies while providing the best consumer protection in the market. What’s unique about our product? In a nutshell, buyer protection – a unique protection mechanism in crypto payments that allowing users to pay with confidence.

We minimize the risk of fraud, by acting as mediator, providing guaranteed buyer protection and payment coverage and are issuing our own UTRUST token during the ICO, which can be used in the platform, and leverage platform development itself while provide a ROI for initial backers.”


UTRUST ICO and Tokens

 

The UTRUST token Pre-ICO is set to go live on August 28, 2017, to be followed by the public ICO starting in September 2017. The company will use the collected funds to establish key industry partnerships and to develop the PayPal like crypto-platform. The ERC20 compatible tokens are created over Ethereum protocol, and can be used as a means of payment on UTRUST payment gateway along with other cryptocurrencies. Unlike other cryptocurrencies, payments made using the platform’s native tokens don’t incur any transaction fees.

UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation, thereby increasing the value of existing tokens for the benefit of its investors contributing during the ICO. Being a deflationary currency, 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/
Read UTRUST’s posts on Medium: https://medium.com/@UTRUST

Media Contact

Contact Name: Nuno Correia, UTRUST CEO
Contact Email: nuno@utrust.io
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

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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.

The post UTRUST Joins Blockchain Consortium Crypto Valley in Switzerland, Ethereum Pre ICO Monday 28th August appeared first on Bitcoin PR Buzz.

Source: PR
UTRUST Joins Blockchain Consortium Crypto Valley in Switzerland, Ethereum Pre ICO Monday 28th August

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UTRUST Brings Consumer Protections to Cryptocurrencies, Announces Pre ICO

Bitcoin Press Release: To enable mainstream consumer adoption of cryptocurrencies, payments startup UTRUST will implement the world’s first cryptocurrency consumer protections into its platform: announces pre ICO on August 28, 2017.

August 21, 2017 Zug, Switzerland – Fintech solutions company UTRUST is excited to announce plans to transform the cryptocurrency payments landscape. With an experienced team spanning corporate management, B2C startups, payments, blockchain development, law, finance, and more, UTRUST is confident it will deliver the payments platform of the future. More information about UTRUST’s vision and roadmap is available on the website and in the official whitepaper.

Cryptocurrencies have come a long way since the launch of Bitcoin in 2009. With fast transactions, low fees, and their trustless decentralized nature with no need for cumbersome legacy intermediaries, they have proven to be highly disruptive.

While the implementation of crypto-tokens and blockchain systems is exploding across industries worldwide, their adoption as an instrument of value transfer for day-to-day consumer transactions is still low. This is mainly due to the lack of payment protections and ease of use that consumers have come to expect and currently only enjoy with legacy payment solutions.

By offering built-in consumer protection features in the form of an escrow-like trusted mediator, crypto-to-fiat settlement to counter currency volatility for merchants, and multi-cryptocurrency support, UTRUST’s vision is to be the PayPal for the cryptocurrency sector.

UTRUST’s ultimate goal is to usher in the adoption of cryptocurrencies by the mainstream. This will be achieved by providing 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.

Some more key advantages offered by the UTRUST platform will include; lower buyer purchase risk, payment approval speed, low exchange fees, low seller fees, support for multiple cryptocurrencies, safety of funds, no chargebacks, customer payment protection, efficient resolution of disputes, performance-based ratings for sellers, and a decentralized UTRUST token with its value linked to the platform’s projected growth.

As the company works on building out the payments platform of the future, it has announced the launch of a crowdsale. UTRUST’s Pre-ICO is scheduled to begin on August 28, 2017, at 1600 hours (GMT).

UTRUST Token and Crowdsale

UTRUST will raise the funds required to develop and launch its unprecedented crypto payments platform through the upcoming ICO. The Pre-ICO begins on August 28, 2017, with the public ICO starting on September 4, 2017. Funds collected will be utilized to establish key partnerships, and build out UTRUST’s PayPal-like platform for cryptocurrencies as outlined in the whitepaper.

During the crowdsale, participants will be able to purchase the native ERC20 compatible UTRUST tokens created on the Ethereum protocol. The UTRUST team have chosen Ethereum so they can leverage upon its existing infrastructure; development tools, wallets, exchanges and human resource expertise.

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 token holders are rewarded for their encouragement and faith in the platform. The company has a mechanism in place allowing it to invest a portion of the transaction fees to buyback and burn UTRUST tokens, removing them from circulation.

This means that like Bitcoin, UTRUST tokens are deflationary by design: token supply will go down over time, and alongside the growing adoption of UTRUST, drive demand upwards, strengthening the token’s market value.

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.

Arthur Goulao, CTO
Arthur Goulao 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, Goulao 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/

Media Contact

Contact Name: Nuno Correia
Contact: nuno@utrust.io
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.

The post UTRUST Brings Consumer Protections to Cryptocurrencies, Announces Pre ICO appeared first on Bitcoin PR Buzz.

Source: PR
UTRUST Brings Consumer Protections to Cryptocurrencies, Announces Pre ICO