UTRUST Joins Blockchain Consortium Crypto Valley in Switzerland, Ethereum Pre ICO Monday 28th August

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Aug 28, 2017, 17:15 ET

ZUG, Switzerland, Aug. 28, 2017 /PRNewswire/ -- Building the

Bitcoin and cryptocurrency payments platform of the future, UTRUST

announces corporate membership in Crypto Valley – Swiss blockchain technology incubator, as Pre ICO launches 28th August.

With an experienced team spanning corporate management, B2C startups, payments, blockchain development, law, finance, and more, payments startup UTRUST is pleased to announce its corporate membership in Crypto Valley — a blockchain and cryptocurrency technology consortium in Switzerland.

Crypto Valley is a blockchain analog to Silicon Valley, where some of the leading internet technologies and multibillion-dollar businesses were born. Based in Zug, Switzerland, the Crypto Valley Association is an independent organization that enjoys government support.

The association connects with similar hubs from across the world to create a business and knowledge network to accelerate innovation in the blockchain and cryptographic technology sector.

UTRUST's mission to drive mainstream cryptocurrency adoption while ensuring consumer and merchant interests, closely aligns with the strategic goals of Crypto Valley.

About UTRUST

UTRUST is the world's first cryptocurrency payment platform to implement consumer protections on a mass scale. The company is building a global PayPal–like payments platform with extensive cryptocurrency support.

UTRUST's end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world's first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.

As UTRUST continues to develop its cryptocurrency backed payment ecosystem, the company has recently announced the dates for its Ethereum and Bitcoin crowdsale.

Explaining the company's vision and upcoming ICO, UTRUST co-founder Filipe Castro said:

"UTRUST is a groundbreaking payment platform that empowers buyers to pay with their favorite cryptocurrencies while providing the best consumer protection in the market. What's unique about our product? In a nutshell, buyer protection — a unique protection mechanism in crypto payments that allows users to pay with confidence.

We minimize the risk of fraud, by acting as mediator, providing guaranteed buyer protection and payment coverage, and are issuing our own UTRUST token during the ICO — which can be used in the platform — and leverage platform development itself while providing an ROI for initial backers."

UTRUST ICO and Tokens

The UTRUST token Pre-ICO is set to go live on August 28, 2017, to be followed by the public ICO starting in September 2017. The company will use the collected funds to establish key industry partnerships and to develop the PayPal like crypto-platform. The ERC20 compatible tokens are created over Ethereum protocol, and can be used as a means of payment on UTRUST payment gateway along with other cryptocurrencies. Unlike other cryptocurrencies, payments made using the platform's native tokens don't incur any transaction fees.

UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation, thereby increasing the value of existing tokens for the benefit of its investors contributing during the ICO. Being a deflationary currency, the demand for UTRUST tokens will increase with time, which combined with buyback should lead to appreciation in its market value.

To learn more about UTRUST's ICO please go to https://utrust.io/ico.

The Team

UTRUST is backed by a highly experienced team from various sectors including corporate management, startups, payments, cryptocurrency development, law, finance, and computer science. Some of the prominent members of the team include:

Nuno Correia, CEO
Nuno Correia is an early cryptocurrency investor who has been involved in the cryptomarkets since the beginning of 2011. Having founded multiple B2C businesses in the past, Correia has a background in Law and Marketing, and his passion lies in transforming the future of digital payments.

Filipe Castro, CIO
Filipe Castro holds a business degree from MSENG and is passionate about disruptive technologies. He has experience developing electronic payment systems and other software solutions during the early days of his career. Castro is engaged in business development and strategic development of new ventures.

Artur Goulão, CTO
Artur Goulão comes with previous experience in the payments industry. He has previously donned the role of a CTO in one of the leading digital payment platforms and is currently serving as the Head of Development at a Swiss-based Cybersecurity company. With a background in computer science from IST and MIT, Goulão is well-acquainted with both classical and blockchain smart contract based approach.

Roberto Machado, CPO
Founder and Product Manager at several startups prior to UTRUST, he has been leading different teams to build highly-reliable software products, with a focus on the end user experience. Previously, he has worked together with major international companies such as AT&T, Betfair, Airtel, and Uphold, being responsible for the vision outline, goals and product strategy of solutions used by millions of users.

Other significant team members include Luis Ferreira as Head of Engineering; Laura Esteves as Head of Operations; Joao Ferreira as Head of Design; Nick Olender as Head of Sales and Partnerships; and Francisco Baila as Product Designer. UTRUST has a team of software engineers like Miguel Palhas, Gabriel Poca, Ronaldo Sousa, Fernando Mendes, Bruno Azevedo, Pedro Costa, and Joao Justo.

UTRUST's diverse advisory team includes Francisco Maia, Francisco Cruz, Joao Paulo, Sergio Viana, Marc Howland, David Dryan, Daniel Pierce and Sascha Benz.

Learn more about UTRUST at: https://utrust.io
Read the UTRUST Whitepaper at: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
Learn more about UTRUST's ICO at: https://utrust.io/ico
Follow UTRUST on Twitter at: https://twitter.com/UTRUST_Official
Join UTRUST on Facebook at: https://www.facebook.com/utrust.io
Read UTRUST's posts on Medium: https://medium.com/@UTRUST

Media Contact

Contact Name: Nuno Correia, UTRUST CEO
Contact Email: [email protected]
Contact Phone: +41 22 518 70 77
Location: Zug, Switzerland

UTRUST is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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