Utrust Token

What is UTK and how Does It Work?

xMoney, which was formerly known as Utrust, was established in 2018 and provides payment services. It has connected with 15,000 merchants to date, and emphasizes its aim of making cross-chain transactions straightforward for businesses. This approach aids in reducing transaction costs. xMoney links with MultiversX to ease businesses' access to immediate payments from a wide span of customers, sidestepping complexities relating to local currency and exchange rates. xMoney has accommodated the business model of the Entropia Universe by supporting token deposits into its avatar accounts.

MultiversX, a blockchain network designed to bridge the gap between the physical and metaverse worlds, works hand in hand with xMoney. It offers a variety of products, including AI avatars, an NFT ecosystem, a launchpad, a chat system, and an educational hub. Utilizing the UTK token post its acquisition by xMoney, the network upholds its structure through a proof-of-stake (SPoS) consensus mechanism. Cyrus Fazel, SwissBorg’s CEO, and Henrik Nel are both contributing to the collaborative work of xMoney and MultiversX.

xMoney's UTK token is conceptualised to encourage accessibility for businesses and facilitate payments for users. With the assistance of Multiple collaborators, xMoney aims to evolve into a payment platform that fuses blockchain with traditional fiat systems, adhering to the vision of its founders, Nuno Correia, Roberto Machado, and Filipe Castro.

In its array of services, xMoney also introduces the xMoney Card, a solution that optimizes cross-chain technology, granting traders the flexibility to choose their preferred blockchain network. The platform offers an array of tools, including features for accepting token and fiat payments, generating payment links, and integrating payment APIs. The platform additionally works within the real estate and invoicing sectors, offering the xMoney Crypto Pay solution that enables cross-border payments.

One vital aspect of xMoney's services is the APIs by Mihai Drăgan, aimed at refining the online payment process. xMoney's product suite, tagged with a significant initiative called Pay Request, operates an invoicing solution to request payments from clients, adding extensive value to businesses. Augmented by MultiversX, xMoney showcases several applications of value to traders and businesses. xMoney also explores the unique properties of metaverses, sparking new enterprise opportunities and exhibiting its capability to enhance user experiences and assist businesses while facilitating token payments.

The Vision and Mission Behind UTK

Utrust (UTK) is a project working on the Ethereum blockchain with an intention to refine processes connected to digital transactions. The initiative aims to decrease the complexity of established banking procedures by proposing a simple interface for all users. Leveraging the real-time transaction capabilities of blockchain, UTK seeks to eliminate temporal lags. The platform also showcases the Utrust Wallet, which allows users effortless accessibility to platform services. To avoid implying any vulnerability, the description of the Utrust Wallet as a 'protected storage mechanism for UTK tokens' is rescinded. For individuals participating in digital asset exchanges, UTK aspires to provide ease and efficiency.

How to Buy and Store UTK?

To purchase UTK, Flooz.xyz offers a streamlined process. Traders can buy the UTK token directly on Flooz.xyz, utilizing our one-stop solution for a smooth checkout experience, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless UTK transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This convenient and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you have the fastest and cheapest payment routes for your UTK trades. So, whether you're a seasoned cryptocurrency trader or a novice, Flooz.xyz is your go-to platform for buying UTK tokens with ease.

UTK Metrics:

• Current price: $0.0956

• Market cap: $47.79 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $1.7 k