Macrodesiac partnered with Utrust, some people asked me why...
How it started;
Oh wait what?! I can accept BTC payments now???
— David Belle (@davidbelle_) June 12, 2020
Utrust have come a long way in a short time, and I have been seriously impressed.
Like all great stories, this one started on Twitter.
When I first spoke to Utrust, I was very sceptical about taking payment in crypto.
Whenever I had tried before, the time it took to settle the transaction and convert back into GBP meant that it just wasn't worth the hassle.
More specifically, the transaction value was eroded in the time it took to settle (price volatility) and high fees to convert crypto into 'old' money.
Utrust solved that problem.
I no longer have to bear the risk of those price movements, and their transaction fees are very low (less than PayPal).
Here what @UTRUST do.
— David Belle (@davidbelle_) June 15, 2020
This is really excellent for business owners who want to accept crypto but are concerned about settlement risk. pic.twitter.com/X8qhgo8XAx
They have created a genuine real world solution for businesses to receive payments in crypto.
This is not your average pie in the sky crypto project.
So, I was already impressed...
Then they took things a step further and launched HOLD.
One of the big problems with crypto is that it's difficult to spend in everyday life.
They've gone and solved that too.
New and improved! The latest version of HOLD is now live, full of powerful features. Powered by Utrust, to bring the mass adoption of #crypto to everyone, everywhere! Download it now at https://t.co/4P5Xqrk3sX pic.twitter.com/G3VDtP3nFW
— Hold (@HoldHQ) November 3, 2020
The HOLD/Visa debit card is a big step towards mainstream adoption.
The app allows you to instantly convert between digital & fiat currencies, depending on your preference.
You can even buy everyday shopping;
My first purchase with the @UTRUST HOLD card couldn't have been more exciting! 🔥
— Posty (@PostyXBT) November 19, 2020
2 pints of semi-skimmed milk 🐮 pic.twitter.com/YuMtcgyeJX
We talk a lot of how crypto can come to the masses.
And let's face it - most businesses still need to receive payment in fiat (taxes, boooo)...
But they also want to open themselves up to doing business with those who hold crypto and want to use that as a payment option.
This is the bridge between two worlds; old money and new money, and I couldn't be more excited for the company's future.
Besides significantly lower fees, the core @Utrust advantages are:
— Nuno (@nunocor_) January 12, 2021
- Zero chargebacks losses ✔️
- Zero locked funds for flagged card payments ✔️
- True borderless coverage ✔️
- Fast settlements ✔️
Keep it simple 👍 pic.twitter.com/2IIfYtkyMq
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