Payrexx and UTRUST Partner to Change the European Cryptocurrency Payments Scene
UTRUST is a cryptocurrency payment firm. The tech platform has been making it easier for crypto holders to spend their tokens online on various goods and services. On 28th November 2018, the company announced that it had entered into an agreement with one of the prominent Payment Services Providers in the European region known as Payrexx.
The partnership between the two firms is expected to provide traders with access to close to forty million cryptocurrency holders scattered across the globe in a move that will help each firm significantly increase its overall subscriber numbers.
Partnership is the new leadership! #UTRUST is now the official crypto payment gateway to be provided by leading European PSP @Payrexx to its 10,000+ merchants. We're one step closer to making crypto payments mass adoption a reality.
Read more here: https://t.co/v6am97qxW6 pic.twitter.com/NhuOi87cL8
— Utrust (@UTRUST) November 28, 2018
By entering into this agreement, Payrexx has now gotten access to a cryptocurrency payment solution considered by many users to be extremely user-friendly. Its database currently boasts of more than ten thousand traders. The most notable of these include Sixt, Adidas, Amavita, Alexander Wang, and Hotelcard.
It is crucial to point out that UTRUST is currently the only crypto platform in the globe to guarantee protection to both buyers and sellers when executing any given transaction. Nuno Correia, the CEO and Founder of UTRUST stated that the company was excited to be partnering with Payrexxx, as this was a company that had proven that it could easily adjust to changing market needs.
Nuno went on to state that the agreement between the two companies will make it possible for the firms to release products and services that can better enhance the mass adoption of blockchain technology and cryptocurrency payments.
Ivan Schmid, the Payrexx CEO went on to add that when their company was in the search for a good cryptocurrency payment partner, the one thing that made them consider UTRUST was because of the fact that it had proven that it had a good understanding of the customer and trader needs in terms of payment processing.
According to Ivan, UTRUST has a good solution that is capable of protecting the platform users from the regular volatility that has come to be associated with the cryptocurrency markets. Its solution is capable of ensuring that all parties that would like to take part in a particular transaction will be guaranteed of consistent prices regardless of what is happening in the crypto universe at that particular moment.
Schmid was able to notice that UTRUST was a company that had successfully managed to set itself apart from all the others in this industry. The reason it had managed to do this was because it had a clear strategy that could be used to implement its numerous products online, while at the same time encouraging the platform to adopt the use of cryptocurrency payment processing systems. It is expected that the integration of these two companies will take place in the first quarter of 2019.
UTRUST is committed to developing a cryptocurrency payment platform that can be used by crypto holders to complete instantaneous transactions as well as protect all the parties that are involved in that particular transaction.