FinXP is helping Utrust change how the world pays

Paytech is at the intersection of the greatest change in payments since the advent of credit cards. Offline payments have dropped 60% due to the Coronavirus pandemic. Evidently, this number will bounce back to a certain degree, but it is the accepted consensus among those study trends that they will never recover to their pre-pandemic levels. In fact, everything indicates that e-commerce will continue to grow.

E-commerce is here to stay, which means that technology that deals with payments is going to be one of the keys to the future.

FinXP is a fiat-backed asset security

FinXP is a modern payment and banking service provider. They have the knowledge and the tech to navigate the fiat universe with the same confidence and security as Utrust navigates digital currencies.

And now, we are joining forces.

Making Utrust faster and stronger

Utrust has always settled in fiat. A significant part of our service was providing merchants with the possibility to not do any crypto accounting at all. They accept the money of the future, but get paid in the money they need to go about their business as usual. This is part of Utrust’s commitment to our community and our merchants.

We believe digital currencies are the money of the future.

We are thrilled that there is now a demand for settlements in digital currencies.

But we always want to do right by our merchants, and give them what they want. So we didn’t stop looking for a faster solution for fiat settlements.

Well, now we can.

Thanks to our partnership with FinXP, merchants that create an account with FinXP will no longer need to wait in order to convert their digital currency sales to banked money. Better still, merchants will now be able to make settlements in different fiat currencies.

Jens Podewski, CEO and co-founder of FinXP had some words for us: “It is very likely that cryptocurrencies will be playing an important role in the future of global commerce and so it is important for modern financial institutions to support this technology and this movement. As a forward-looking fintech company, FinXP already works with several crypto businesses and we are proud to be working together with Utrust because they are a company that are innovating and that are making a difference in how cryptocurrencies are used.”

Utrust’s CEO, Sanja Kon, also commented: “Our vision has always been bridging the gap between digital currencies and traditional e-commerce and retail merchants.

The partnership with FinXP will allow us to provide a better and faster settlement service to our customers, broadening as well the number of fiat currencies available.”