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Highlights
- Utrust’s network focuses on combining the best of blockchain and traditional finance for the benefit of users
- It has significantly lower fees than traditional payment rails
- The platform also offers instant conversion from cryptocurrency to fiat
On Tuesday, at the time of writing, the global cryptocurrency market cap was down by 0.78% over the previous day as investors anticipated a more hawkish Federal Reserve.
Crypto heavyweights like Bitcoin and Ethereum lost 1.24% and 0.5% over the last 24 hours; other cryptos showed mixed trends. While Solana, XRP, Polkadot, etc., witnessed a price slump, Avalanche and Terra recorded price hikes, at the time of writing.
One such altcoin, which is gaining today, is Utrust crypto. Hence, through this article, let us know more about this crypto.
Source: © Alexanderushkevich | Megapixl.com
What is Utrust crypto?
Functioning as an ERC-20 token and secured by the Ethereum blockchain, Utrust is a digital payment blockchain platform that incorporates the features of both traditional online payment systems as well as blockchain technology to provide the best results to its users.
Related Read: Investing in Fantom (FTM) and Render (RNDR) tokens? All you need to know
Main features of Utrust
Co-founded by Nuno Correia, Roberto Machado and Filipe Castro, Utrust aims to enhance business efficiency by offering fast and seamless crypto transactions at lower fees, thus enabling merchants to reach a larger base of crypto holders.
Interesting Read: Explained: How many types of cryptos are there?
A distinct feature of this platform is that it allows buyers to make secure purchases, giving them an option for refunds and, at the same time, safeguarding the interests of the sellers against the extreme volatility of the cryptocurrency market.
Moreover, Utrust secures the transaction, acting as a mediator until the buyer receives the purchased product, thereby ensuring the success of the transaction.
Further, the platform also accepts payments in all forms of fiat currency, thus shielding the users in the event of price fluctuations.
Also Read: Lens on two altcoins- Kava (KAVA), Kyber Network (KNC)
Know Utrust crypto’s price
Utrust crypto is currently priced at US$0.231, with a gain of 4.88%, in the last 24 hours and has a market cap of nearly US$108 million.
Its native token is called UTK, and as of now, there are 470 million UTK coins in circulation, with a maximum supply of 500 million coins.
Where can UTK tokens be bought?
UTK tokens can be bought from several exchanges like Binance, KuCoin, Huobi, Hotbit, Bitfinex, Gate.io, Pionex, etc.
Bottom Line
Newer cryptos are coming up with innovative and distinct features for the benefit of their users. However, one must invest wisely and cautiously in these new-age digital currencies as cryptocurrency markets are very volatile and risky.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
