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In the fast-paced world of blockchain-based payment systems, it is only natural that projects such as UTRUST and DigiByte would seek to expand their horizons by working together to ensure continued growth and stability and reach a wider market.
It is challenging for any project to reach its full potential, and with so much to play for in the rush to bring blockchain technology into the mainstream, it pays to align yourself with a similar project that shares your values and vision of the future. By forming strategic partnerships, knowledge and technical expertise can be pooled and development costs and financial risk reduced. In addition, new markets can be opened up, thereby increasing the potential benefit for all parties.
Perhaps with this in mind, market-leading decentralized payments platform UTRUST and innovative cryptocurrency DigiByte have decided to integrate their technology, news of which was recently announced in Zug, Switzerland.
This merging of UTRUST and DigiByte technology will help to bring a secure decentralized payments platform into the mainstream, allowing users to safely conduct transactions in a range of different cryptocurrencies.
What is UTRUST?
UTRUST claims to be the first consumer-focused cryptocurrency payments system in the world, and it is gaining popularity with the blockchain community. The company aims to make its platform a secure and convenient global standard like PayPal. According to the team behind its development, UTRUST makes use of an innovative purchase protection system which is designed to develop trust between merchants and consumers.
DigiByte is a blockchain-based cryptocurrency strongly focused on security, scalability and speed for payments, and decentralized apps. Rather than having a central server securing the system, the DigiByte blockchain is spread over 200,000 servers, computers, phones and nodes globally, with no single point of failure, thus increasing security. Aside from developing their own technology, the DigiByte team have also assisted other blockchain operations. Unusually for such a project, DigiByte has never received funding through an ICO, nor is it controlled by a private company.
The DigiByte cryptocurrency will soon be added to UTRUST’s list of accepted coins and tokens, with the integration happening in a similar fashion to UTRUST’S recent cooperation with Pundi X. With both projects boasting large, established communities, the arrangement should be mutually beneficial.
Rudy Bouwman, Awareness Team Marketing Manager for DigiByte had this to say about the integration of the two systems:
“We are excited by the prospect of working with UTRUST and getting DigiByte to be your payment processing solution; this would allow us to grow organically and attract more interest as an open source solution. We hope not only to create a robust decentralized public blockchain but to change the world for the better.”
The Road Ahead
With an enlarged userbase imminent and UTRUST AND DigiByte technologies complementing each other, the two players are determined to bring secure, fast cryptocurrency transactions to mainstream consumer markets. If they can play to their strengths and maximise cooperation, they could have a bright future together.