UTRUST Partners With Ethereum Classic Dev Team, Integrating ETC

UTRUST Press Release

Zurich, Switzerland, September 21st, 2018  – Cryptocurrency fee answer UTRUST has introduced that it has secured a partnership with Ethereum Classic Dev Team, signing a Memorandum of Understanding (MoU). ETCDEV will collaborate with UTRUST to combine ETC into the UTRUST platform, with the help from the Ethereum Classic Cooperative.

The partnership between ETCDEV and UTRUST comes at a time when demand for ETC is rising quickly, as a result of current integration of ETC by Coinbase, the world’s largest cryptocurrency brokerage, wallet, and custodian.

Additionally, the choice of the US Securities and Exchange Commission (SEC) to declare Bitcoin and Ethereum as non-securities, cleared Ethereum Classic from probably being thought of a safety. As such, retailers can freely settle for ETC as a substitute fee methodology to fiat and shoppers can use it realizing that the utilization of ETC can’t be thought of as an act of illegally distributing securities.

“Ethereum Classic is one of a select few cryptocurrencies, along with Bitcoin and Ethereum, with clear institutional demand,”

stated Nuno Correia, CEO, and co-founder of UTRUST.

Earlier this 12 months, Grayscale Investments, the $2 billion funding arm of Digital Currency Group, launched Ethereum Classic Investment Trust, enabling retail merchants and establishments within the regulated US market to spend money on Ethereum Classic. With it, Grayscale Investments allotted $90 million into ETC, demonstrating confidence within the long-term adoption fee of ETC as a number one cryptocurrency.

Correia added, “While blockchain payments have undoubtedly disrupted financial transactions, at UTRUST we believe it’s our responsibility to add a much-needed layer of consumer protection, as well as instant transactions and low fees, for anyone who wants to utilize Ethereum Classic for payments.”

UTRUST acts as a third-party mediator, holding funds, if vital till the vendor delivers the services or products. In addition, the corporate protects consumers and sellers from market volatility, by changing cryptocurrencies to fiat or a steady coin.

The firm allows pleasant dispute resolutions between consumers and sellers. In case the events fail to succeed in an settlement, UTRUST steps in, upholding requirements like these of conventional fee options similar to Paypal, Adyen, Klarna, and VISA.

To complement the UTRUST service provider fee protocol, the combination of cryptocurrencies with an extended observe report, strong infrastructure, energetic developer neighborhood, and strong demand from the market is essential.

Every cryptocurrency that’s built-in with into the UTRUST ecosystem of retailers and shoppers is required to have robust fundamentals that might finally result in mainstream adoption. For retailers, it’s of utmost significance to depend on digital belongings which might be backed by robust demand from the market and are cleared by the federal government from any regulation or compliance-related points.

About UTRUST

UTRUST has steadily constructed upon its status as one of many principal safe funds gateway suppliers, devoted to bringing crypto funds to the mainstream. Over the previous 12 months, the corporate has joined forces with the likes of blockchain expertise supplier, DigiByte, Singapore primarily based POS platform, Pundi X, Germany’s largest e-commerce answer, Gambio, and UMT, the most important expertise platform for Mobile Payment and Mobile Commerce in Europe.

Learn extra about UTRUST – https://utrust.com/
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Read the UTRUST Whitepaper – https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
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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

UTRUST is the supply of this content material. Virtual foreign money is just not authorized tender, is just not backed by the federal government, and accounts and worth balances are usually not topic to shopper protections. This press launch is for informational functions solely. The data doesn’t represent funding recommendation or a suggestion to speculate.

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