Topic: UTRUST - page 506. (Read 314264 times)

I would love to see the comparison as well. To me UTrust seems to be like BitPay that offers services to merchants and merchant can accept payments as bitcoin but can get fiat itself. But via UTrust merchants can not only accept bitcoins but some other virtual currencies as well. Not sure if this gonna be huge success, but will be following this closely, though.

I found this comparison between monetha and uTrust from previous conversation, I hope it will provide you enougj ingormation to answer your questions.

So many people asking so here you go. My personal review of Monetha vs UTRUST:

The Monetha Team:
- Small and not even a single software engineer
The UTRUST Team:
- Large and with a highly technical background

Monetha Whitepaper:
- Confusing and hard to understand if this is something really needed
UTRUST Whitepaper:
- Very clear to understand the model just by glancing at the paper summary

Monetha fees for seller:
- 1.5%
UTRUST fees for seller:
- 1%

Monetha Concept:
- Simplistic view and solves no intrinsic problem.
UTRUST Concept:
- Solves a major problem in crypto payments - Buyer protection for cryptocurrency. This is something that is needed for the mass adoption and doesn’t exist. Can be easily used by merchants and private sellers alike.

Monetha accepts:
- Just ETH.
UTRUST accepts:
- All major cryptocurrencies.

Monetha adoption by merchants:
- Limited to merchants that wish to accept ETH and no other cryptocurrencies. Amazon, Ebay, Ali, and many more already have feedback scores, therefore Monethas model will not gain tracking and be adopted by any major merchants. Since it solves no problem, very low appeal to buyers.
UTRUST adoption by merchants:
- Buyers can pay with multiple cryptocurrencies and have a safety net when making their payments, with sellers having a higher selling rate. Will gain organic traction, bringing more clients by referral as they feel more satisfied and protected.

-Monetha adoption by buyers:
- Buyers can only pay with ETH. Feedback score system already exists and solves no problem in practice. Feedback rate is unreliable and subject to false reports and paid bias, as many others.
UTRUST adoption by buyers:
- Buyers can pay with multiple cryptocurrencies. Buyers feel safer making payments with cryptocurrencies knowing that if something goes wrong they can appeal, escalate and be refunded.

If you pay with Monetha and an vendor scams you, the only thing you will be able to do is put a negative review and your money is gone. With UTRUST you will get your money back.

Clearest comparison I've seen so far.
Just for the reference ... do not compare any payment card issuers like TenX, Centra, Monaco etc .. to UTRUST or Monetha. They are inherently different

Several yrs after proving the reliability and security of their platform, then maybe Utrust can secure 5% of paypal business. Ideally, it's better for paypal to partner up with a platform like this but to think that it will easily defeat a proven method will be naïve.

I found this comparison between monetha and uTrust from previous conversation, I hope it will provide you enougj ingormation to answer your questions.

So many people asking so here you go. My personal review of Monetha vs UTRUST:

The Monetha Team:
- Small and not even a single software engineer
The UTRUST Team:
- Large and with a highly technical background

Monetha Whitepaper:
- Confusing and hard to understand if this is something really needed
UTRUST Whitepaper:
- Very clear to understand the model just by glancing at the paper summary

Monetha fees for seller:
- 1.5%
UTRUST fees for seller:
- 1%

Monetha Concept:
- Simplistic view and solves no intrinsic problem.
UTRUST Concept:
- Solves a major problem in crypto payments - Buyer protection for cryptocurrency. This is something that is needed for the mass adoption and doesn’t exist. Can be easily used by merchants and private sellers alike.

Monetha accepts:
- Just ETH.
UTRUST accepts:
- All major cryptocurrencies.

Monetha adoption by merchants:
- Limited to merchants that wish to accept ETH and no other cryptocurrencies. Amazon, Ebay, Ali, and many more already have feedback scores, therefore Monethas model will not gain tracking and be adopted by any major merchants. Since it solves no problem, very low appeal to buyers.
UTRUST adoption by merchants:
- Buyers can pay with multiple cryptocurrencies and have a safety net when making their payments, with sellers having a higher selling rate. Will gain organic traction, bringing more clients by referral as they feel more satisfied and protected.

-Monetha adoption by buyers:
- Buyers can only pay with ETH. Feedback score system already exists and solves no problem in practice. Feedback rate is unreliable and subject to false reports and paid bias, as many others.
UTRUST adoption by buyers:
- Buyers can pay with multiple cryptocurrencies. Buyers feel safer making payments with cryptocurrencies knowing that if something goes wrong they can appeal, escalate and be refunded.

If you pay with Monetha and an vendor scams you, the only thing you will be able to do is put a negative review and your money is gone. With UTRUST you will get your money back.

Well Paypal with them in different weight classes, so to speak. Maybe with time and equal. While Utrust looks promising. Much depends on how the ICO will pass, and how further the developers will accompany their project.

I know you wanted to invest your money in this project. But pleasem, be patient. Tomorrow might be the announcement of ico or within this week.

Well you are wrong, I can see that in the future UTRUST will build its own name. Above all, it will take charge as the primary platform. If you are to look the purpose of utrust in the system you can see that it has the ability in solving some problems on it. Remember this is a decentralised platform, it provides good security on its users.

Waiting for more news about the project.

I really like that idea of competitiveness of both projects. Well by that I can see that there would be a competition between UTRUST, Monetha and Paypal when they'll start hcollecting btc as payment and transaction.

Yes, it is important that there is competition in the sphere of interests. If there is a monopolist, it reduces the quality of its services. When UTRUST competes, the quality of service will increase in both systems.

I see utrust focus to provide best platform for payment. just like another member say it's paypal 2.0. Monetha seem focus on reputation system. both of them are good project

I had also a first hand experience with that. Sold some digital goods from a game, buyer pays with a stolen credit card. Money got chargebacked. Case closed and nothing I could do about it. Lost only around $100 but it still bothers me. Since then I started to sell for BTC and got involved in the cryptoworld and here I am