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Topic: UTRUST - page 589. (Read 314264 times)

full member
Activity: 336
Merit: 112
September 20, 2017, 03:07:05 PM
How will you decide which Coins will be supported for paying? You wrote the most used ones, but which are these beside Bitcoin, Ethereum, Litecoin, Dash and Monero and how and when will you decide to support more?
sr. member
Activity: 1372
Merit: 259
September 20, 2017, 03:06:02 PM
As i know, Monetha development mobile merchant now. You will have mobile merchant also? What avantages you have before Monetha? May be you have list of avantages before your competitors? (if you have them)
sr. member
Activity: 616
Merit: 263
September 20, 2017, 03:01:42 PM
So only 1% fee, which is a lot lower than paypal and others.
Instantanious conversion to fiat for the merchants !
And burning tokens everytime ..
Wow this is something i'd like to install at some business i know.
Is there a early adopter system ?
full member
Activity: 588
Merit: 100
September 20, 2017, 02:53:12 PM
You want to create merchant like paypal?
What about mobile payment?

I don't think they've announced that yet, but it would be foolish not to have it. everybody uses mobile for all sorts of transactions these days.
sr. member
Activity: 350
Merit: 250
September 20, 2017, 02:47:33 PM
Seems like a much needed service for the crypto world. Offering buying protection for consumers is a huge benefit and really sets you apart. Assuming you get your cart integration just right I bet you all will go far.
If it's true that this product is better than paypal and bitpay than it will be huge. My biggest problem with paypal are the high transaction costs.

The project will certainly have low fees, is in the blockchain, Papal isn't, that can reduce the fees they charge you for the protection of funds and transactions, with  utrust we have a Better Paypal, one that is cheaper to use and accept both fiat currencies and cryptocurrencies, best of all, its own token doesn't charge fees, so we have that option, plus the deflationary system is good for the value of the token Cheesy.
full member
Activity: 210
Merit: 105
September 20, 2017, 02:47:23 PM
Payment is irreversible, I would like to ask me after the purchase of goods is not satisfied with how to refund?

You can find your answer here: https://youtu.be/J92W_0UpH-0?t=26

Every purchase has buyer protection. So you will get your money back.
sr. member
Activity: 1372
Merit: 259
September 20, 2017, 02:46:06 PM
You want to create merchant like paypal?
What about mobile payment?
sr. member
Activity: 322
Merit: 250
September 20, 2017, 02:44:15 PM
is this similar with snap up ICO. I see their have plan for e commerce platform like this

Utrust is not like snpup it’s not an e commerce platform. Utrest is more like paypal it a payment get way for the merchants or anyone who want to sent crypto payment to someone else in the planet. Utrust is got lower transection fees (1%) compare to pay pal or any other online payment platform. Pay pal is the only crypto payment platform with payment protection for the buyers. I think this is the best payment platform of this kind.    
full member
Activity: 154
Merit: 100
September 20, 2017, 02:38:03 PM
Payment is irreversible, I would like to ask me after the purchase of goods is not satisfied with how to refund?

For retailers its a huge issue with PayPal and credit cards companies that people apply for refunds with charge backs. For an honest consumer this is normal, but a lot of people exploit this and demand refunds through PayPal or their credit cards for products that were actually good...
newbie
Activity: 34
Merit: 0
September 20, 2017, 02:35:31 PM
Hi, i’m curios how is will run. Cool idee with possibilities using favorite cryptos. It’s sounds like music for my ears  Grin
sr. member
Activity: 371
Merit: 250
September 20, 2017, 02:09:23 PM
Payment is irreversible, I would like to ask me after the purchase of goods is not satisfied with how to refund?
sr. member
Activity: 518
Merit: 250
September 20, 2017, 02:05:45 PM
Seems like a much needed service for the crypto world. Offering buying protection for consumers is a huge benefit and really sets you apart. Assuming you get your cart integration just right I bet you all will go far.
If it's true that this product is better than paypal and bitpay than it will be huge. My biggest problem with paypal are the high transaction costs.
Exactly - paypal transaction fees are outrageous. They don't have much competition and they literally dictate the price. I hope that one day UTRUST will change that!
full member
Activity: 336
Merit: 112
September 20, 2017, 01:58:41 PM
Interesting project! I like especially the fact that your platform will have low fees, because this is something I hate at for example Paypal if you want to have the protection.

But if you see it real, you still have more fees in addition to the 1% or? Buyer and seller need to deal also with transaction costs of the crypto, or do I see it wrong?

Anyways, good luck with the project Smiley I already think this is really an interesting project!
full member
Activity: 392
Merit: 100
September 20, 2017, 01:55:27 PM
Seems like a much needed service for the crypto world. Offering buying protection for consumers is a huge benefit and really sets you apart. Assuming you get your cart integration just right I bet you all will go far.
If it's true that this product is better than paypal and bitpay than it will be huge. My biggest problem with paypal are the high transaction costs.
full member
Activity: 210
Merit: 105
September 20, 2017, 01:45:10 PM
Wow, basically you're going to compete with paypal here or at least be the "paypal of crypto" , you have already in mind any partnership?

"Paypal of Crypto", now that's an excellent slogan! That's like an invest catchphrase gold! You gotta use this devs! It would attract so many investors to read more with such a simple line.

Something like that can have a large effect. Just think about Neo being called the Ethereum of China. Though i like the project, i do believe they have some big challenges. Because they target businesses they need to make a very solid system that works smoothly to convince people to use it who live outside of the 'crypto bubble'.
sr. member
Activity: 994
Merit: 278
September 20, 2017, 01:41:08 PM
Wow, basically you're going to compete with paypal here or at least be the "paypal of crypto" , you have already in mind any partnership?

"Paypal of Crypto", now that's an excellent slogan! That's like an invest catchphrase gold! You gotta use this devs! It would attract so many investors to read more with such a simple line.
full member
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
September 20, 2017, 01:24:20 PM
Wow, basically you're going to compete with paypal here or at least be the "paypal of crypto" , you have already in mind any partnership?
full member
Activity: 154
Merit: 100
September 20, 2017, 01:21:13 PM
hi guys im new in here watching this project.

just watched this video:

https://youtu.be/J92W_0UpH-0

in 01:30 there is explaned that in every transaction a small % is convertet to utrust tokens and burned. i dont get this point. so are there fees or not? can somebody explain this to me?

full member
Activity: 210
Merit: 105
September 20, 2017, 01:18:35 PM
I'm sorry if it is already asked, but i just saw the video about utrust, "when making a transaction very little amount of utrust will be burned"

So regardless how little it is, in longterm if utrust gets mainstream that will make market run short of utrust tokens?

If anyone make a transection utrust will charge the merchant 1% fee which is way cheaper than pay pal or any other crypto payment platform. From that they will remove 20% (.2% of the total transection amount) fee to buy back the tokens from the token holders to burn it. They will burn about 50 million tokens every year which will eventually reduce the supply of the of the utrust tokens. Reduce in supply will result to the increase in token value. Which means who ever will be holding this tokens for a long term  will get a huge profit from it.   

If it will burn 50 million tokens every year in 20 years there won't be any token to burn.

Approximately is it maybe %5 of tokens of the total supply of that year? Like that first year 50.000.000 second year 47.500.000 third year 45.125.000. If that's the issue, it's very logical and really lucrative for investors.

They mentioned the burning of 50 million tokens will be done until there are 100 million tokens left. Total token supply will be 1 billion to start with (if i'm not mistaken). So that is the second strong incentive i've seen to increase value for the token. First one is that transactions with the utrust token will have 0% fee (so creating demand for the token).
full member
Activity: 216
Merit: 250
September 20, 2017, 01:12:32 PM
is this similar with snap up ICO. I see their have plan for e commerce platform like this
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