Company Information

Get to know Utrust

Founded in 2017, Utrust was created to solve the problems of low usability and trust in cryptocurrency payments. It provides a platform for merchants to accept payments in various cryptocurrencies while being protected from market volatility by offering instant conversion to fiat currency. In 2022, Utrust was acquired by Elrond (now MultiversX) and was subsequently merged with the e-money institution Twispay to rebrand and launch as "xMoney" in 2023. This evolution combines crypto payment processing with traditional finance capabilities, aiming to provide a comprehensive payment solution for the new economy.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

Contact

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Utrust

Portugal

Founded in

31 Oct 2017 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.