Utrust a cryptocurrency payment platform that will allow buyers to pay with any cryptocurrency will have an ICO on the first week of October.
Utrust wants to build a global easy to use paying platform with payment protection for people all over the world.But the biggest impact will be felt in the third world where there are around 2.5 billion unbanked people(people that don’t have access to financial services). Utrust has the potential to create 95 million jobs in unbanked nations where people don’t have a bank account, can’t store money, make and receive payments. Based on a Mckinsey report Utrust can boost the GDP of the developing world by $3.7 trillion by 2025. Utrust aims to become a serious competitor to PayPal one day.
Nono Correia the CEO of Utrust thinks that in emerging markets mobile phones could recreate the role physical banking infrastructure plays in developed markets.
Utrust has already raised $3.5 million from private investors and has an upcoming ICO start date that will be announced on the first week of October.