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Recent analysis shows that specific crypto projects are gearing up for a strong month. While the market has suffered significant losses recently, not every crypto is down. And many of them are preparing for growth periods that will bring substantial confidence back to the crypto space. Investing more money during a downturn might seem counter-intuitive, but that’s what many are deciding to do as they see a bull run coming in soon.

With tokens like GLO, SHIB, IMPT, and TAMA, you could be setting your portfolio up for the best chance of success over the next month and beyond. They’ve each got interesting features that make them unique in the crypto world, and now might be the perfect time to buy them. Here’s why:

Uniglo (GLO)

Experts predict a price of $0.89 over the coming months. Whether it achieves this or not, it still has the potential to make investors a ton of money as it’s currently available at a discount during pre-sale for a few weeks longer. Now’s the perfect time to buy it. It’s got strong deflationary credentials thanks to an entire asset-backed store of value and a radical dual-burn mechanism. It’s primed for stable growth while being protected against significant negative market volatility. It also rewards its holders and listens to them thanks to a community-driven approach. Investing now could prepare you for substantial gains, so consider it seriously.

Shiba Inu (SHIB)

SHIB might be down from previous all-time highs. Still, experts think it can fire back up the charts over the coming month’s thanks to increased fundamentals, new earning protocols, increased burns, and a solid social media fanbase. If it returns to all-time highs, it could make those who invest now a fortune.

IMPT (IMPT)

IMPT is putting the environment at the heart of everything it does. This incredibly eco-friendly crypto could therefore capitalize on society’s growing concern about the impact of tech on the planet, and after many have criticized the likes of BTC for how resource-heavy mining is. While a few other crypto platforms have environmentally-sound credentials, IMPT is taking them a step further and could be primed for solid growth.

Tamadoge (TAMA)

With a uniquely fun crypto project, TAMA could be the next big meme coin to hit the big time, thanks to its incredibly arty NFTs and innovative play-to-earn mechanism. It’s one crypto project that could hit the mainstream, and that’s why it’s a solid pick for your portfolio over the next month or so. Now might be the time to check it out.

Conclusion

Each of TAMA, IMPT, GLO, and SHIB has the chance to bring massive gains to your portfolio over the next month or so. That’s why they’re all recommended for your portfolio. Especially GLO, which could be the best new token ever to enter the space.

Find Out More Here:

Join Presale:  https://presale.uniglo.io/register 

Website:  https://uniglo.io

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Best Performing ICO In November: Uniglo.io with Projected $0.89 Price Ahead of Shiba Inu, IMPT or Tamadoge appeared first on NullTX.

Source: null tx

You might have missed the last big surge in NFT popularity as they hit the mainstream and captured wide attention last year. Since then, prices have fallen in many projects, but that doesn’t mean the time is up for NFTs. A range of new solutions and innovative ideas could bring about a second surge in NFT popularity, and by investing in one of the following projects, you could enjoy being part of it.

NFTs still have a bright future, despite the recent slump in the price of many projects. It’s important to remember that other crypto platforms and traditional stocks have all suffered losses recently, mainly because of global economic implications. When we finally re-enter a bull run, NFTs could moon once more.

Uniglo (GLO)

Uniglo has the most robust set of deflationary measures ever seen in crypto and presents key upsides for investors who purchase some of it before its current pre-sale phase ends. GLO works by charging a small tax on transactions and then using these funds to buy a range of assets for the GLO vault. The vault will be made up of NFTs, crypto, digital gold, and more. It will help provide a solid price base for the token that isn’t open to over-speculation or reliant on any project for success. It can harness the power of NFTs while diversifying risk into other assets in case they do not flourish. Now could be the perfect time to invest in GLO.

ApeCoin (APE)

ApeCoin could be part of the future of crypto and the next generation of NFT projects. It unites the worlds of digital and physical events with an entertainment-focused mindset, supporting the evolution of art and gaming. It has a natural mainstream appeal and could be a substantial investment for your portfolio right now.

The Sandbox (SAND)

The Sandbox is another innovative project that could gain widespread adoption. As part of its virtual metaverse created on Ethereum, players can have fun while earning rewards for their gameplay. It could help unite new earning opportunities with those looking for fun solutions in the digital world and could therefore be an essential investment right now.

Conclusion

SAND and APE look like credible investments for your portfolio, but it’s GLO that has the most substantial potential right now and could be part of the next wave of NFT interest.

Find Out More Here:

Join Presale:  https://presale.uniglo.io/register

Website:  https://uniglo.io

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post The New Age Of NFTs Is Coming And Uniglo.io, ApeCoin, And The Sandbox Are Ready appeared first on NullTX.

Source: null tx

Not all DeFi projects are created equal, and the discrepancy in price action clearly shows the picture. Investors in Oryen Network have seen a 100% gain in recent weeks, something that Aave, Cardano, and Zcash holders can only wish for.

Oryen Network

This price movement has drawn attention to Oryen Network, and on-chain analysts have discovered vast amounts of liquidity moving around on the Binance Smart Chain (BSC) targeting this protocol. An investigation into its whitepaper shows why.

Oryen Network pays out market-leading stable returns, with a daily ROI of 0.177% from its positive rebases, translating into an Annual Percentage Yield (APY) of 90%. The Oryen Autostaking Technic (OAT) system is the economic engine for this protocol. It pays out hourly positive rebases, and its smart contracts auto compound yields twenty-four times a day for investors. Smart contracts also govern the staking process as a security feature, which means investors purchasing ORY earn daily returns simply by holding the token in their wallet. This sophisticated solution to passive income is a game changer.

Aave

Aave is a DeFi giant and facilitates permissionless loans through over-collateralization. The protocol has seen enormous success and holds more than $5 billion in its smart contracts. So why does AAVE, the governance token, perform so poorly? AAVE possesses no value accrual mechanisms, and investors no longer want governance tokens. The protocol makes an astounding amount of revenue but shares none of its with investors destroying demand for AAVE.

Cardano

Cardano has been more affected by the bear market than other similar-sized tokens. Large market caps typically prevent extraordinary growth but should make a token’s price action more stable. ADA seems only to have the downsides of a bloated market cap. In addition, its slow pace of development has led other layer-one blockchains to outpace Cardano. Increased competition and failing investor sentiment mean hard times rest ahead for ADA investors.

Zcash

Zcash is a decentralized cryptocurrency built to provide anonymity and secure investors’ privacy. Thanks to its cryptographic technology, participants can make transactions on the Zcash network anonymously. With growing privacy concerns, investors would expect positive price action for ZEC. But Monero, another privacy-focused cryptocurrency, has absorbed market share from Zcash, and with Monero offering fundamentally better technology, Zcash’s future looks bleak. 

Closing Thoughts

The crypto landscape is constantly changing, and protocols must keep up. Investors are fickle and move to projects that benefit them; therefore, to maintain market share and grow, protocols must give back to investors. Oryen delivers a masterclass in revenue sharing, and its price action shows how investors feel.  

Find Out More Here:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Oryen Network’s investors profits up to 100% which is unfamiliar to Aave, Cardano and Zcash holders appeared first on NullTX.

Source: null tx

Crypto remains the fastest-growing economic space and the most meritocratic. Projects live and die on their most recent developments, and Oryen, a new entrant to DeFi, has already seen its price increase by 100%.

By delivering a simple wealth creation tool, Oryen has bypassed Fantom and PolkaDot, and this trajectory looks set to continue.

Oryen

Oryen has benefitted from the shifting macroeconomic conditions. The FED has begun communicating that it will slow down rate hikes and, following this, start printing money again to stimulate the economy. Small caps like Oryen perform best in this environment. Additionally, a narrative of experienced traders searching for small-cap gems has evolved on Twitter. Pair these two factors with Oryen’s fixed 90% APY for all investors, and it results in explosive price action.

Oryen delivers the highest stable returns in crypto thanks to its Oryen Autostaking Technic (OAT) technology. Purpose-designed smart contracts auto-stake ORY to make the process secure and straightforward. And smart contracts auto-compound ORY to maximize returns for investors. Unsurprisingly this sophisticated DeFi protocol has posted gains, and all indicators signal a continuation of this trend.

Fantom

Fantom is a layer-one blockchain supporting smart contracts. Fantom saw explosive growth in 2021 as its ecosystem devoured liquidity from other chains. The Fantom Foundation allocated significant capital sums to attract developers to the network and build on it; resulting in arguably DeFi’s most dynamic ecosystem.

However, the departure of lead developers such as Andre Cronje dealt Fantom a severe blow, one from which it has not fully recovered. On top of this, Fantom faces increased competition from other layer ones and an establishing trend of DeFi liquidity headed towards layer two scaling solutions deployed on Ethereum.

Polkadot

The bear market has been cruel to DOT holders. This layer zero project aiming at interoperability traded close to $60 at its ATH (All-Time High) but has since retraced nearly 90%. Despite solid technological fundamentals, PolkaDot has failed to interest investors. If this project cannot drive more demand with its parachain auctions, the future for DOT holders looks bleak.

Closing Thoughts

A market shift is coming, and investors recognize this changing tailwind. The window of opportunity is closing, and investors must act soon. Small caps will become mid-caps, and fortunes will be made.

Find Out More Here:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Oryen is looking to be the best upcoming crypto of 2022 after 100% price increase bypassing Fantom and Polkadot appeared first on NullTX.

Source: null tx

Uniglo.io, Solana, and Near Protocol are three diverse protocols tackling different verticals within the digital asset space.

Uniglo.io provides a store of value that allows investors to securely park their wealth over extended periods, knowing the value will steadily appreciate. Solana delivers smart contracts and scalability. Near Protocol focuses on DApp development and usability.

The Macroeconomic Environment

The bear market has dragged the valuations of digital assets down across the board. An overzealous monetary expansion phase during the Covid-19 pandemic in the form of stimulus checks has worsened inflation caused by supply chain disruptions.

Geopolitical uncertainty with the war in Ukraine has further exacerbated inflation, souring relations between Europe and Russia, their leading energy supplier, and has led to considerable energy price hikes. As a result, many businesses can no longer afford to operate, have to cut costs and make redundancies, people without jobs cannot spend, companies have to make further cost cuts, and Europe’s economy slows down.

In the United States, the FED has engaged in a policy of rate hikes to curb inflation, and interest rate hikes remain poison to asset prices. With no end in sight of quantitative tightening, investors have to suck it up and wait for the FED to pivot.

Price Analysis

Senior crypto analysts expect Uniglo.io to trade at $1.23 before the end of 2024. This significant price movement will be driven primarily by asset growth and scarcity. Uniglo has excellently positioned itself to take advantage of the bull market, likely to commence in 2024 after the next Bitcoin Halving due to its protocol vault.

The Uniglo vault holds a unique blend of assets that make GLO the native token value-backed and allow it to enjoy explosive price gains when the valuation of the vault starts to climb. With Uniglo acquiring assets at depressed valuations and even exposing investors to high-end physical goods tokenized as NFTs, this protocol stands to gain enormously when market sentiment reverses. In its presale, Uniglo represents an incredible financial opportunity.

Optimistic analysts have predicted SOL will rally to $395 before the end of 2024. Increasing adoption will power SOL’s price growth. As more people begin to transact on the network, the demand for SOL will increase, as it is the currency used to pay for block space and interact with the network.

The weekly chart shows SOL’s incredible rally that peaked in November and since has entered a brutal decline. SOL will eclipse its prior All-Time High (ATH) in the following market cycle, but with a large market cap, its early phases of extreme growth already rest in the past.

Near Protocol enjoyed its ATH in January 2022, and most analysts expect it to surmount this price comfortably in the next bull run. Analysts released a tentative figure of $64.35 for NEAR in the next bull market. Near Protocol has a far lower market cap than Solana and thus can more easily realize significant gains. The driving forces behind this price action will be the continued rollout of Near’s ecosystem, onboarding more developers, and attracting more liquidity and users with DApps.

Closing Thoughts

Uniglo.io, Solana, and Near Protol all represent incredible protocols and present investors with life-changing opportunities at their current valuations. Uniglo provides what every investor wants, and Solana and Near Protocol will be competing agents in the multi-chain future.

Investors must remember given the volatile nature of cryptocurrencies, and the constantly changing macroeconomic condition, price predictions over long-term horizons are hypothetical and subject to change. An excellent way for investors to insulate themselves is through diversification, ensuring they are not overly exposed to one asset type.

Join Presale: https://presale.uniglo.io/register  

Website: https://uniglo.io

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Photo by Austin Distel on Unsplash

The post Price Analysis Shows Uniglo.io at $1.23, Solana at $395, and Near Protocol at $64.35 appeared first on NullTX.

Source: null tx

Getting the chance to invest in a credible new crypto project before it goes on to significant price gains is a rare opportunity in the DeFi space. But when this opportunity comes along, it should be jumped upon immediately. And that’s the chance Oryen brings to the table, as it’s still gaining momentum during its first pre-sale phase. Imagine if you had the opportunity to invest in the likes of ETH and BTC when they were still in their infancy.

And despite overall market losses, tokens like ORY have shown there’s still money to be made in crypto during the current bear run. When confidence finally returns to the market, and we re-enter a bull run (which we will at some point), they could be set up for even more significant gains. That’s why now might be the time to buy while discounts are still available and before the next considerable crypto gain period.

Oryen Network (ORY)

Now is the perfect time to invest in Oryen, as it’s already gaining traction in its first pre-sale period. But the current price you can pick it up at is still a considerable discount compared to what many experts predict it can achieve over the coming months.

Oryen introduces the groundbreaking Oryen Autostaking Technic (OAT) to help solidify its buy, hold, earn ethos. With OAT, complications associated with staking are completely eliminated, removing the barriers to entry that have often restricted some people from entering the space. All you have to do is buy ORY and hold it in your wallet to earn a huge 90% APY automatically, paid out in hourly installments. That’s the most prominent and most accessible passive gains in crypto.

Cronos (CRO)

As the utility token for the coinbase.com marketplace, experts still think CRO has a big future. Especially as the prospects for crypto.com have improved recently, and new infrastructure investment is flowing into the project. But some argue that it offers a weaker ROI than ORY, which is why your investments might be better placed in that project.

Conclusion

CRO is still a strong option, but experts like ORY the most, as it brings plenty of potential to your portfolio and could be the best possible pick you can make over the next few months.

Find Out More Here:

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Upcoming Price Increase For Oryen Network Will Surge Investors To a 100% Gain Over Cronos appeared first on NullTX.

Source: null tx

Burn mechanics are essential in the crypto world. They help eliminate issues associated with fiat currencies by removing tokens from supply. This helps increase scarcity and decrease the risks of inflation. Fiat currencies, however, can be printed whenever necessary, increasing the risk of inflation.

If you’ve been paying attention to the global economy recently, you’ll have noticed how much of an issue inflation has become. Therefore, some crypto projects could be precisely what the economy needs and provide strong returns to your portfolio over the long term. Let’s have a look at a few crypto tokens with strong burn mechanics:

Uniglo (GLO)

Uniglo has the best burn tokenomics in the business. These are thanks to the platform’s revolutionary dual-burn mechanism. With this mechanism, tokens are burned on every transaction, but additional coins are repurchased over time to burn even more. This ensures scarcity increases as GLO grows and makes it the best answer to the world’s inflationary issues. Funds to buy back tokens are raised from a small sales tax on transactions and also help contribute to the GLO vault, which stores a range of assets to back the base price of the token. This could be the best deflationary investment you could make for your portfolio, so check it out immediately.

Binance Coin (BNB)

BNB has been gaining momentum recently thanks to its strong usability on the Binance network. Holders enjoy reduced fees and other benefits on the network, alongside simple passive income returns at the click of a button in the BNB Vault. Experts like the future growth potential for BNB, so it’s well worth checking out.

Shiba Inu (SHIB)

SHIB recently launched a new range of burn features that reward holders with passive income gains in return for them burning some tokens. This helped boost SHIB somewhat and added some technical fundamentals to a token that had long been considered simply a meme coin. The future could still be strong for SHIB, despite recent losses.

Conclusion

While SHIB and BNB both have good burn mechanics, they’re outclassed by GLO, which has the best deflationary credentials the space has ever seen. That’s why it could generate substantial returns, and you should check it out immediately.

Find Out More Here:

Join Presale:  https://presale.uniglo.io/register

Website:  https://uniglo.io

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Uniglo.io Forecasted To Burn More Supply Than Binance Coin And Shiba Inu In October appeared first on NullTX.

Source: null tx

Press Release: Utrust, in collaboration with the city of Lugano & Tether Operation Limited, is bringing crypto payments to an entire city with a new ‘Plan B’ initiative deal. 

 

October 27th, Lugano Switzerland — The deal, a part of the Plan ₿ initiative, will turn the entire city into a hub for technological innovation and allow for all public services and e-commerce businesses to accept crypto payments with Utrust.

 

Crypto Payments Coming to Lugano

The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies.

 

On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on an initiative called Plan ₿, meant to make Lugano one of Europe’s and the world’s main hubs for digital innovation with a focus on blockchain technologies.

 

A part of this plan would always be to bring crypto payments to the whole community, providing everyone with the opportunity to enjoy faster, safer, and less expensive payments.

 

Michelle Foletti, Mayor of Lugano stated: 

 

“In Lugano, we are making living on crypto a reality. These currencies are the future of money, the advantages are obvious, and we are very proud to be one of the first communities to move forward with adoption. Lugano is leading the way”.

 

Utrust to Provide Payment Infrastructure 

Utrust will be providing crypto payments infrastructure both for government services and all e-commerce businesses. Utrust’s solution allows people to make seamless payments through cryptocurrencies such as Tether & Bitcoin (including Lightning Network).

 

The Lisbon-based company has developed the world’s first crypto-payment solution to offer instant transactions, buyer protection, and crypto-to-cash settlements. Now, this ability to provide cheaper, faster, and safer payments for users worldwide and near-instant and secure global settlements at a trivial cost, accessible to merchants globally, will be put at the service of the entire City of Lugano.

 

Sanja Kon, Utrust CEO stated: 

 

“Payments are an integral part of almost all economic activity, and, consequently, human activity. Making them easier, faster, and safer, and removing intermediaries from the process, is maybe the optimal way of improving the way we lead our lives in general. Lugano’s decision to bring this technological advancement to the entire city is a tremendous move and Utrust is proud to be the chosen partner to make it happen”

 

The first part of this plan will happen at a municipal level. All services provided to the city’s government will be payable in crypto through the Utrust widget. This includes anything, from services and fees to citizens paying their taxes.

 

The second stage of the process will be to offer Utrust’s solution to all interested e-commerce merchants operating in the city. This will empower merchants not only in their local activities but also in their ability to engage in global trade. 

 

Depending on payment processors and geography, merchants can be charged up to 12% in fees. That amount, which can easily mean the difference between profitability and bankruptcy, can be lowered by 90% with the Utrust gateway.

 

Paolo Ardoino, Tether CTO stated that: 

 

“This technology is the future. Payments should happen near-instantly, globally, and at a trivial cost. Anything else is obsolete. Now, for the first time ever, an entire city will have the tools to make it a reality for tens of thousands of people. The implications are hard to overstate, and we are thrilled to be the ones to make it happen.”

 

Michelle Foletti, Mayor of Lugano, Sanja Kon, Utrust CEO, and Paolo Ardoino, Tether CTO, are all available for further comments and interviews

 

About Utrust

Utrust is the leading cryptocurrency payment solution designed to modernize the financial and payments industry and solve the problems of traditional payment methods by enabling instant transactions, buyer protection, and instant crypto-to-cash settlements for merchants.

 

Utrust Socials

Twitter | Telegram | Medium | Facebook | Instagram | LinkedIn | Reddit

 

Media Contact Details

Contact Email: press@bitcoinprbuzz.com 

 

Utrust is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

 

Press Release: Utrust, in collaboration with the city of Lugano & Tether Operation Limited, is bringing crypto payments to an entire city with a new ‘Plan B’ initiative deal. 

 

October 27th, Lugano Switzerland — The deal, a part of the Plan ₿ initiative, will turn the entire city into a hub for technological innovation and allow for all public services and e-commerce businesses to accept crypto payments with Utrust.

 

Crypto Payments Coming to Lugano

The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies.

 

On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on an initiative called Plan ₿, meant to make Lugano one of Europe’s and the world’s main hubs for digital innovation with a focus on blockchain technologies.

 

A part of this plan would always be to bring crypto payments to the whole community, providing everyone with the opportunity to enjoy faster, safer, and less expensive payments.

 

Michelle Foletti, Mayor of Lugano stated: 

 

“In Lugano, we are making living on crypto a reality. These currencies are the future of money, the advantages are obvious, and we are very proud to be one of the first communities to move forward with adoption. Lugano is leading the way”.

 

Utrust to Provide Payment Infrastructure 

Utrust will be providing crypto payments infrastructure both for government services and all e-commerce businesses. Utrust’s solution allows people to make seamless payments through cryptocurrencies such as Tether & Bitcoin (including Lightning Network).

 

The Lisbon-based company has developed the world’s first crypto-payment solution to offer instant transactions, buyer protection, and crypto-to-cash settlements. Now, this ability to provide cheaper, faster, and safer payments for users worldwide and near-instant and secure global settlements at a trivial cost, accessible to merchants globally, will be put at the service of the entire City of Lugano.

 

Sanja Kon, Utrust CEO stated: 

 

“Payments are an integral part of almost all economic activity, and, consequently, human activity. Making them easier, faster, and safer, and removing intermediaries from the process, is maybe the optimal way of improving the way we lead our lives in general. Lugano’s decision to bring this technological advancement to the entire city is a tremendous move and Utrust is proud to be the chosen partner to make it happen”

 

The first part of this plan will happen at a municipal level. All services provided to the city’s government will be payable in crypto through the Utrust widget. This includes anything, from services and fees to citizens paying their taxes.

 

The second stage of the process will be to offer Utrust’s solution to all interested e-commerce merchants operating in the city. This will empower merchants not only in their local activities but also in their ability to engage in global trade. 

 

Depending on payment processors and geography, merchants can be charged up to 12% in fees. That amount, which can easily mean the difference between profitability and bankruptcy, can be lowered by 90% with the Utrust gateway.

 

Paolo Ardoino, Tether CTO stated that: 

 

“This technology is the future. Payments should happen near-instantly, globally, and at a trivial cost. Anything else is obsolete. Now, for the first time ever, an entire city will have the tools to make it a reality for tens of thousands of people. The implications are hard to overstate, and we are thrilled to be the ones to make it happen.”

 

Michelle Foletti, Mayor of Lugano, Sanja Kon, Utrust CEO, and Paolo Ardoino, Tether CTO, are all available for further comments and interviews

 

About Utrust

Utrust is the leading cryptocurrency payment solution designed to modernize the financial and payments industry and solve the problems of traditional payment methods by enabling instant transactions, buyer protection, and instant crypto-to-cash settlements for merchants.

 

Utrust Socials

Twitter | Telegram | Medium | Facebook | Instagram | LinkedIn | Reddit

 

Media Contact Details

Contact Email: press@bitcoinprbuzz.com 

 

Utrust is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

 

Source: thinkbitcoins

Press Release: Utrust, in collaboration with the city of Lugano & Tether Operation Limited, is bringing crypto payments to an entire city with a new ‘Plan B’ initiative deal. 

 

October 27th, Lugano Switzerland — The deal, a part of the Plan ₿ initiative, will turn the entire city into a hub for technological innovation and allow for all public services and e-commerce businesses to accept crypto payments with Utrust.

 

Crypto Payments Coming to Lugano

The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies.

 

On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on an initiative called Plan ₿, meant to make Lugano one of Europe’s and the world’s main hubs for digital innovation with a focus on blockchain technologies.

 

A part of this plan would always be to bring crypto payments to the whole community, providing everyone with the opportunity to enjoy faster, safer, and less expensive payments.

 

Michelle Foletti, Mayor of Lugano stated: 

 

“In Lugano, we are making living on crypto a reality. These currencies are the future of money, the advantages are obvious, and we are very proud to be one of the first communities to move forward with adoption. Lugano is leading the way”.

 

Utrust to Provide Payment Infrastructure 

Utrust will be providing crypto payments infrastructure both for government services and all e-commerce businesses. Utrust’s solution allows people to make seamless payments through cryptocurrencies such as Tether & Bitcoin (including Lightning Network).

 

The Lisbon-based company has developed the world’s first crypto-payment solution to offer instant transactions, buyer protection, and crypto-to-cash settlements. Now, this ability to provide cheaper, faster, and safer payments for users worldwide and near-instant and secure global settlements at a trivial cost, accessible to merchants globally, will be put at the service of the entire City of Lugano.

 

Sanja Kon, Utrust CEO stated: 

 

“Payments are an integral part of almost all economic activity, and, consequently, human activity. Making them easier, faster, and safer, and removing intermediaries from the process, is maybe the optimal way of improving the way we lead our lives in general. Lugano’s decision to bring this technological advancement to the entire city is a tremendous move and Utrust is proud to be the chosen partner to make it happen”

 

The first part of this plan will happen at a municipal level. All services provided to the city’s government will be payable in crypto through the Utrust widget. This includes anything, from services and fees to citizens paying their taxes.

 

The second stage of the process will be to offer Utrust’s solution to all interested e-commerce merchants operating in the city. This will empower merchants not only in their local activities but also in their ability to engage in global trade. 

 

Depending on payment processors and geography, merchants can be charged up to 12% in fees. That amount, which can easily mean the difference between profitability and bankruptcy, can be lowered by 90% with the Utrust gateway.

 

Paolo Ardoino, Tether CTO stated that: 

 

“This technology is the future. Payments should happen near-instantly, globally, and at a trivial cost. Anything else is obsolete. Now, for the first time ever, an entire city will have the tools to make it a reality for tens of thousands of people. The implications are hard to overstate, and we are thrilled to be the ones to make it happen.”

 

Michelle Foletti, Mayor of Lugano, Sanja Kon, Utrust CEO, and Paolo Ardoino, Tether CTO, are all available for further comments and interviews

 

About Utrust

Utrust is the leading cryptocurrency payment solution designed to modernize the financial and payments industry and solve the problems of traditional payment methods by enabling instant transactions, buyer protection, and instant crypto-to-cash settlements for merchants.

 

Utrust Socials

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Media Contact Details

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Utrust is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

 

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