Utrust priceUTK $0.08426

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.

Roberto Machado is a co-founder, board member and CPO of Utrust. Prior to Utrust, Machado has worked with international companies, such as Uphold, AT&T and Airtel.

Filipe Castro is a co-founder, board member and CCO of Utrust. Castro has a computer science degree from the University of Porto. Before Utrust, he was involved in developing software-related solutions.

One of the issues with using cryptocurrencies as a payment solution 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.

Until a purchased product is received by the buyer, Utrust secures the transaction, acting as a mediator and ensuring the success of the transaction.

Cryptocurrency users tend to make use of more than one wallet and exchange for managing their crypto assets. Utrust aims to reduce this complexity by introducing its own native wallet that allows users to make fast and secure transactions. This mobile wallet supports both on- and off-chain payments. Furthermore, it allows users to convert cryptocurrencies to fiat to help offset price volatility.

Read more about MultiversX — previously known as Elrond.

Find out more about Secure Proof of Stake (SPoS) with CMC Glossary

Learn more about proof-of-stake.

New to crypto? Learn about the latest news and educational articles on CoinMarketCap's educational portal.