Efficient progress as a business is always important. If you can’t adapt, grow and meet your customers needs, eventually you are going to be left behind.
This is doubly true for innovative, competitive technological sectors like cryptocurrency and blockchain. Here, expansion speed is almost everything. Crypto is such a nascent ecosystem, but there’s so much potential. There are niche markets all around the world waiting for a product suitable for their needs and when it comes, they jump on it. Being one of the first movers is hugely important in crypto for this reason alone.
Because of this, Utrust are determined to be trailblazers in their market by continuously enhancing their product offering. Over the last few weeks Utrust has announced numerous large-scale product upgrades that we’d love to show you.
For those not familiar, Utrust is a blockchain-powered borderless payment technology that can be seamlessly integrated into any ecommerce business. In doing so, the business will be able to accept digital currencies as payment, with the option to instantly convert to stablecoin or fiat, thus unlocking the powerful benefits that cryptocurrency payments offer.
Utrust already powers businesses in more than 180 countries, helping them improve their product offering and move into the future of digital payments.
Utrust is open for all. Any merchant can sign up here and start using it today.
New currencies available
Local currency support is a huge milestone for any cryptocurrency business. It’s tough to support new fiat currencies, but it matters a whole lot to your consumers. Users are much more likely to use a product if they can do so with their home fiat currency.
Therefore, it’s important for Utrust to support local currencies because it should increase merchant adoption of their product, which is the best way to achieve user growth.
Utrust has just announced their expansion into Asian currencies, with more than 10 available for use now including CNY, JPY, INR, SGD and more.
Not only that, but just this week Utrust announced the new support of LATAM currencies including $BRL, $MXN, $ARS, $DOP and $CLP, so that even more businesses can get access to the power of crypto.
Utrust has just announced the upcoming release of a new invoicing tool which will make crypto payments easier and faster.
Using blockchain you can invoice anyone in the world and receive your payment in minutes. As is customary with Utrust, you can opt to receive settlement in fiat, so your clients will pay in crypto but you’ll get fiat straight in your bank account.
No matter where you’re receiving money from, the fee will be consistent and the speed will be constant. There are no border charges, delays or any of that nonsense. Your transaction fee will always be 1%.
If you’re interested you can learn more here, and maybe even sign up to the beta if the spaces haven’t run out!
Since Utrust is a payment processor, merchant adoption is key for the expansion of their business. The more money that is flowing through the Utrust platform, the greater the momentum for the Utrust team and its ecosystem expansion.
It’s great to see that merchants have been flowing in and adopting the Utrust technology, especially the focus on onboarding smaller merchants. It’s a powerful way to introduce cryptocurrency to new niche communities.
Check out this link to browse and buy from some of the smaller new Utrust merchants such as RelyGreen, 258 West and Macrodesiac.
WooCommerce is an open source eCommerce platform built for WordPress. With the release of the Utrust plugin on WooCommerce, any user of WooCommerce can accept cryptocurrency as payment via Utrust.
This is a big move because WordPress is dominant in terms of online stores, with around 30% of all online stores being powered by WordPress. Furthermore, WooCommerce is the leading ecommerce plugin for WordPress, being used by 22% of the world’s top 1 million web stores. Together they power nearly 4 million web stores.
Available to Magento merchants
When Utrust became an Innovate Partner in the Adobe Exchange Partner Program, their platform became available to Magento merchants because Magento was acquired by Adobe. Magento is the largest ecommerce platform in the world with 250k+ merchants and $155 billion of gross merchandise volume in 2018.
The Daily Chain
*This article has been sponsored. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.