Verdict
Make no mistake – UTRUST is a powerful platform with a strong value proposition. It is aiming to resolve the biggest issue holding back mainstream cryptocurrency adoption – namely, the ability to use digital tokens as a payment for actual goods and services. As a transactional payment API, the platform strikes a fine balance between consumer protection and convenience.
That being said, the company has yet to offer any implementation details, leaving investors unable to truly verify the claims. Although this is expected to be resolved sometime next year when the platform launches, it is something investors should bear in mind.
Risks
A lack of implementation details or working prototype. -2
The whitepaper states that the platform converts cryptocurrency into fiat and holds it in escrow until it is released to the seller. However, no information on the escrow feature is provided. -1
Growth Potential
UTRUST is operating at the forefront of the cryptocurrency payment arena, which gives it unique first-mover advantage in a rapidly expanding market. The lack of cryptocurrency payment options is a major issue that UTRUST is trying to resolve. +6
Sellers will be delighted to learn that they can receive payments in fiat currency. This gives them the opportunity of serving the cryptocurrency market without having to actually set up a crypto account. +2
Hugely successful private raise suggests investors are extremely passionate about the project. +2
Disposition
If you’re bullish on cryptocurrency, UTRUST is the opportunity to put your money where your mouth is. Consumers are craving a PayPal for cryptos, and UTRUST is delivering. If crypto payment processing is as coveted as industry proponents say it is, then UTRUST provides huge potential.
Against this backdrop, we give UTRUST a rating of 7 out of 10. We feel this rating is justified given the prevailing gaps in the crypto payment arena, and the role of UTRUST in filling an important niche in the market. UTRUST essentially gives merchants access to a growing audience of cryptocurrency holders. For buyers, UTRUST provides a safe, reliable and secure platform for actually buying goods and services in cryptocurrency.
The growth potential is insane and I am happy to read this review emphasised that . uTrust will not only be good for the uTrust token, it will be good for general crypto acceptance!