xMoney (UTK) Price

Utrust is similar to PayPal for cryptocurrency. The firm is a leading cryptocurrency payment solution that aims to modernize the finance and payments industry. It intends to achieve this by providing merchants with instant transactions and immediate crypto-to-cash settlements. 

Some regard cryptocurrency as volatile, with little user protection; thus, Utrust combines the best features of traditional payment gateways with the flexibility and security of blockchain technology.

The UTK token is Utrust's governance token, allowing users to make payments for goods and services without regard for exchange rates. Every time a transaction is completed through Utrust, a small portion of the transaction fees is converted into UTK tokens and burned, reducing the total supply of UTK and increasing its price.

Because of the levels of volatility that occur when attempting to set a final price while the market fluctuates, cryptocurrencies have not been adopted as effective payment solutions.

Utrust, on the other hand, promises real-time transactions with no slippage: the difference between what users expect to pay and what they pay. This will definitely be a game changer in the multibillion-dollar payment gateway market.

Utrust Features and Updates

Utrust offers very critical features to help users enjoy a seamless experience. Below are some of the features;

The UTK Token

The Utrust token (UTK) had its initial coin offering (ICO) in November of 2017. Approximately $21 million was raised during this process. UTK has a maximum total supply of 500 million, with more than half distributed during the ICO.

The HOLD App & Utrust Wallet

The Utrust Wallet was released in November 2019 and is available on iOS and Android. Following the June release of the WordPress + WooCommerce plugin, the HOLD app powered by Utrust will be available in late 2020. The HOLD app is now available in most European countries.

Reverse Staking

Utrust rewards people for actually using assets, rather than holding and staking them. Users can unlock 1% of the market value of each trade executed or purchased using Utrust. Utrust then purchases this reward and adds it to a user's staking pot.

Utrust Team

Utrust was founded by Artur Goulão, Filipe Castro, Nuno Correia, Roberto Machado. The other members of the team are anonymous.