Interesting project.
So comparing utrust and tenx. Tenx payments would be to spend crypto in real, physical shops, but Utrust would be used only for online payments?
So they are not directly competing with each other?
Also I can't believe anyone hasn't already done a project like this
Or is there any direct competition?
There's monetha but they seem very limited with multiple cryptocurrency support. Also, they doesn't seems very active with development and all as utrust is.
Monetha and TenX targets different use-cases in thebc ecosystem.
Tenx and UTRUST are completely different, they will not be in competition with eachother.
Monetha and UTRUST can be competitors, I personally found UTRUST better then Monetha, Utrust will use more different crypto's, system design, ...
Cant wait to see this fly over Monetha
Well they could be competitors in terms of their coin. Monetha is a great competitor of utrust in terms of its services and the whole project itself. But tenx is so different from utrust.
Do you have complete details sir to compared those platforms to utrust so that we can more appreciate the differences btween the three platforms, utrust, monetha and tenx?
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 saw the comparison on a few pages before, but only between utrust and monetha.
TenX is a different kind of project.
I will summon it again
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.
. But yes they succeed on their ico. 30 minutes sold out I think 
