Topic: UTRUST - page 511. (Read 314264 times)

The taste of the pudding is in the eating. The eating in terms of UTRUST implementation is during the partnership stage. There will be much interest at this stage. Even the value of UTRUST will be largely affected by this. We will see which e-commerce platforms and companies they will engage in.   

after ICO end and this platform launch, some merchant will adopt this platform.

Any platforms are doing this thing so it is a yes.

I believe there is, Coz with the mechanics of exchanges and payment platform that how the system works in order for them to gain profits form the transaction. But as the summary of the project states, they have most likely lower fees that the existing competitors.

Is there any fee utrust will be taking from buyers and merchant?

Good publication, seems this one will be very disruptive when it comes to the business sector you choose to venture. Coz the existing competitors are know for slow services, risky transaction and buggy. I believe u-trust has the potential to do it. Goodluck to those who are behind it.

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.

Youre 101% right @ DanF20, uTrust is created more superior to any online payment.. It improves the quality, security and affordability of its services offered to its clients. It eliminates all problems that the clients encountered to other online payment platform.. It created perfectly fitted for everyone that make us comfortable and secured to all our transactions online.

You read carefully about this product? They will dont have refund. Or Im wrong?

Yeah uTrust looks like a high end version of any online payment platform.
It is a combination of different old version online payment and upgraded into high quality system that support cryptocurrencies and tokens.

I know right?! Lol. But really, people will always look for better and easier ways to accomplish any type of tasks in life. That is why we have progressed and still progressing every day. People always invent machineries and dig into them for that reason. So knowing human nature, I can surely say that a great number of people will be digging into this idea of utrust. Success is only a matter of time.

Utrust will give fund protection for their users, this will avoid scam, and will attract people on using the platform, because if something goes wrong, utrust will pay you back the money lost, that is something that no crypto project or wallet has until now, that is one of the things that gives value to utrsut.

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.

That is true. A kot of people are getting into crypto. And we, the ones here now wants utrust over paypal. And if you think about it, if people(users or not of crypto currencies) understands the white paper or project of the utrust team, they would really choose utrust. And this would really result in utrust taking PayPal’s place. But then again, as what you have said, thus will take time. Not impossible, but will surely take time. And as to how long, I don’t know. What i am sure at is that it will really happen.

it will be very interesting for freelancer. They can focus their work now. Better than paypal when they don't need verify their address, bill, invoice ....

Wow, if this is true, then a lot would say that oaypal has a shtty system. But even so, no one could do sht because it’s the only one around(the most famous at least because it’s the only one i know of its kind).

This is a great reason why i see that utrust will really succeed. Because it can literally kick PayPal in the ass by giving better and equal customer service for both sides: seller and buyer. Plus, utrust can solve most of the problems people complain about PayPal. People are begging for better service. And having utrust as an option, I don’t think a lot of people would still be using PayPal’s services.

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

It is great if most, if not all, concerns will be raised at this stage of project development because we are yet on the very early stage. These concerns will be of great help to the devs on how to plan things out for UTRUST. They need to seriously employ strategies on how UTRUST will unfold smoothly.

I'm pretty sure the development team are going to figure something out that will benefit everyone. And hopefully would also like to hear out the concerns of the people who are going to use UTRUST.

The idea of ​​making the bridge between the crypro and the currency fiat, will democratize this market of cryptocurrencies and will finish physically concretizing to benefit many people.