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Oct. 12, 2018
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Utrust has signed a contract with a German e-commerce provider Gambio.de with over 25.00 online stores. Utrust Blockchain platform offers a conflict resolution system, chargeback protection, and proprietary cryptocurrency.

The CIO at UTRUST, Filipe Castro said:

“In three years, you will be able to pay online at major vendors. This will come offline in another five years. I am a strong believer that in the future, in ten years, you will have state–issued cryptocurrencies from major economies”.

All Gambio-based stores generate about 30% of e-commerce revenues in Germany. The Utrust API aims to ensure that the cryptocurrency is recognized worldwide.

The built-in dispute resolution mechanism will allow arbitrators to mediate between the buyer and the seller if they don't agree with the return or release of funds within 30 days. Utrust positions itself as “the first cryptocurrency payment solution to offer instant transactions, buyer protection, and crypto-to-case settlements.”

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