Overview of UTRUST

  • uTrust MD Smart Cards are available in a wide range of versions, including dual-interface, contact, contactless high-frequency, low-frequency proximity technology, contactless coil for physical access credentials compatible with various legacy technologies, which include HID® Prox™, Casi®, Indala®, MIFARE Classic®, MIFARE® DESFire® and others on request (i.e., HID® iClass™).
  • UTrust is software testing services provider with 25 years of experience in testing and quality field, 350 QA Engineers (Egyptian, Indian and Ukrainines) and most of our clients are centered in Middle east – in the Egypt, Qatar, UAE, Lebanon, Kuwait, Saudi Arabia, Jordan and Oman – but our capabilities can exseem far beyond.
  • Utrust, the leading cryptocurrency payment solution offering instant transactions, buyer protection, and immediate crypto-to-cash settlements, has announced a partnership with Magento, the leading e-commerce platform that handled $155 billion in gross merchandise volume in 2018.
  • 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.
  • UTRUST has built an innovative new technology platform that will allow merchants to accept digital currencies as payment and which will modernize the payments industry by eliminating the risk of fraud and market volatility for buyers and merchants alike.
  • uTrust UHF Credentials can keep track of people to increase personal safety and facility security, capture guest/visitor data, and can support 125 KHz low frequency (LF) and/or 13.56 MHz high frequency (HF) interfaces.
  • 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.
  • Utrust aims to distinguish itself from the competition and overcome the volatility and lack of consumer protection which are a few of the biggest factors preventing user adoption of cryptocurrencies.
  • Utrust, a cryptocurrency payment processing solution, announced its founding CEO Nuno Correia’s role in the company is going to change; he will take on the position of Chairman of the Board.
  • UTRUST’s diverse advisory team includes Francisco Maia, Francisco Cruz, Joao Paulo, Sergio Viana, Marc Howland, Ddedicated Dryan, Daniel Pierce and Sascha Benz.
  • Blockchain


    The holding period in point 3 above refers to the time period before the merchant receives the actual payment for the product sold.Utrust determines the length of the holding period depending on the reputation of the merchant in the marketplace.


    Here, merchants can experience the process from the user end while also seeing how simple it is to integrate Utrust into their current systems.Merchants that wish to get a feel for Utrust can use the Ethereum Ropsten Test Network to simulate the process with “test Ether”.


    Also, Utrust supports over 30 different currencies, which Utrust claims means “over 90% of the world’s GDP has access to Utrust”.Utrust empowers businesses in over 180 countries, and argues that it is facilitating sustainable growth with the help of blockchain technology.


    Benfica came on board as the first merchant and the first major European football club to accept cryptocurrency.The Utrust platform went live in 2019 when football club S.L.Utrust has since added Phone House Portugal, Alternative Airlines, Luis Onofre and dozens of other major e-commerce stores to its growing list of merchants.Utrust is the leading cryptocurrency payment solution designed to modernize the finance and payments industry and solve the problems of traditional payment methods by offering instant transactions, buyer protection and immediate crypto-to-cash settlements for the merchant.

    Can I use UTRUST on mobile?

    Yes, you can use UTRUST to make flight payments in a selection of cryptocurrencies on your mobile, tablet or desktop device.

    How do I use UTRUST to pay for flights?

    Once you've selected the flight that you want to purchase, you can use UTRUST to pay for flights by selecting cryptocurrency payment as your payment method at checkout.Once selected, you can access your UTRUST Wallet or other digital wallet and select the cryptocurrency that you want to pay in and confirm your booking.

    How does it work?

    Utrust transactions begin with buyers first searching for merchants that accept cryptocurrencies.Through a merchant’s website, they can see if Utrust is an integrated application.

    How Does Utrust Work?

    Perhaps one of the biggest problems in transacting in cryptocurrency is that at any given time, the price of a particular coin may change drastically.Or, a transaction that was already finalized might turn out to be disadvantageous for the buyer but cannot be reversed anymore.

    How Is Utrust Network Secured?

    Utrust is an ERC20-based token and is thus secured by the underlying network of the Ethereum blockchain.

    How Many Utrust (UTK) Coins Are There in Circulation?

    Out of the maximum supply of 500 million UTK, 450 million coins are in circulation as of February 2021.The remaining 50 million coins have been locked until 2022 in order to reduce the impacts of inflation and price growth.

    Is it expensive to use UTRUST?

    No, it isn't expensive to use UTRUST.In fact, due to its low fees, paying for flights in cryptocurrency through UTRUST is one of the cheapest ways to pay for flights.

    Is UTRUST a safe way to pay?

    Yes, UTRUST is an extremely safe way to pay.In general, paying in cryptocurrency is safer and much harder to track than regular payments.Plus, UTRUST offers buyer protection on all purchases, so that you have peace of mind if there are any complications.

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    What is the currency code for Utrust?

    The currency code for Utrust is UTK.

    What Is Utrust (UTK)?

    Utrust (UTK) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

    What Is Utrust?

    Founded by Nuno Correia and Roberto Machado in August of 2017, Utrust is a cryptocurrency payment solution looking to modernize the finance and payments industry.Utrust aims to circumnavigate the issues associated with traditional payment methods by offering fast, cost-effective transactions and instant crypto-fiat settlements for merchants.Furthermore, Utrust makes it easy to make payments using most major cryptocurrencies and ERC-20 tokens.When accepting payment in cryptocurrency with Utrust, it can be converted immediately into GBP, EUR, or USD.

    What Makes Utrust Unique?

    One of the most severe problems of cryptocurrency is price volatility.Utrust aims to protect both buyers and sellers from its effects by shielding the sellers against market volatility and providing the buyers with a refund option.

    Where can I fly with Utrust?

    Alternative Airlines allows you to far and wide across the worldwide and you can use Utrust and many other currencies to help you do that.For more information on countries of choice, you should visit our blog on the top 8 travel destinations you can travel to using crypto.

    Which cryptocurrencies can I use with UTRUST?

    You can pay in all major currencies when using UTRUST.This includes Bitcoin, Dash, DigiByte, Ethereum and the companies own digital currency, UTK.

    Which digital wallets can I use with UTRUST?

    UTRUST can be used with all major digital wallets on the market, so you don't have to sign-up with UTRUST or register for a UTRUST Wallet in order to use it to buy flights.UTRUST supports digital wallets such as uphold, Trust Wallet, Ledger, coinbase, MyEtherWallet, Electrum and many more.

    Which fiat currencies can I use through UTRUST?

    Over 36 currencies can be used with UTRUST.These are Great British Pound (GBP), United States Dollars (USD), Euros (EUR), Australian Dollars (AUD), Brazilian Real (BRL), Canadian (CAD), Chinese Yuan Renminbi (CNY), Danish Krone (DKK), Hong Kong Dollar (HKD), Indian Rupee (INR), Indonesian Rupiah (IDR), Israeli Shekel (ILS), Japanese Yen (JPY), Korean Won (KRW), Malaysian Ringgit (MYR), Norwegian Krone (NOK), Philippine Peso (PHP), Romanian Leu (RON), Russian Ruble (RUB), Singapore Dollar (SGD), South African Rand (ZAR), Swedish Krona (SEK), Swiss Franc (CHF), Taiwan Dollar (TWD), Thai Baht (THB), Turkish Lira (TRY), United Argentine Pesos (ARS), Chilean Peso (CLP), Czech Koruna (CZK), Dominican Peso (DOP), Hungarian Forint (HUF), Mexican Peso (MXN), New Zealand Dollar (NZD), Pakistan Rupee (PKR), Polish Zloty (PLN) or Arab Emirates Dirham (AED).

    Who Are the Founders of Utrust?

    Nuno Correia is a co-founder of Utrust and a chairman of its board of directors.Correia has worked in the cryptocurrency industry since 2011, having founded various B2C businesses.He has a background in marketing and law.

    Why should I buy flights in crypto?

    The reasons why you should buy flights in crypto are because they are safe, quick and convenient.Booking using crypto with Alternative Airlines means you have a wide choice of digital currencies to choose from with regular promotional offer and discounts and you can be used on over 650 airlines.Head over to our blog to find out more reasons why you should buy flights with crypto.

    History of UTRUST