Blockchain-based payment platform, UTRUST, has today announced a technology integration with AidCoin; the ERC20 for the new era of charitable giving. The partnership will enable UTRUST users to make instant, seamless and secure donations to charities using 23 different cryptocurrencies through AIDChain, via the UTRUST interface.
Being one of the most promising cryptocurrency payment solutions, UTRUST has steadily built upon its reputation as one of the principal secure payments gateway providers, dedicated to bringing crypto payments to the mainstream.
Over the past 12 months, the company has joined forces with the likes of blockchain technology provider, DigiByte, Singapore based POS platform, Pundi X, Germany’s largest e-commerce solution, Gambio, and UMT — the largest technology platform for Mobile Payment and Mobile Commerce in Europe.
UTRUST’s collaboration with AidCoin serves as its latest move in positioning itself as the conduit for implementing cryptocurrencies for everyday use within financial services and e-commerce.
Prior to the integration, users will be able to donate to multiple charities via the UTRUST interface in two possible ways. Cryptocurrencies will be transferred directly and instantly converted into AidCoin tokens, to be managed by charities within a single AIDChain wallet.
The second, through a “Donate” button, enabling users to transfer UTRUST tokens (UTK) from their UTRUST wallet to the desired AIDChain wallets of charities.
The core technology that enabled both parties to execute this streamlined collaboration is called AIDPay. The embeddable widget allows raising donations for charities registered on AIDChain in 23 cryptocurrencies, through side applications and websites. Users will be able to track the journey of all donations from start to finish, knowing exactly how the donated money is being spent.
AidCoin CEO and Founder, Francesco Nazari Fusetti, shared his thoughts on the partnership:
“We are very excited to enter this partnership, and introduce an opportunity for crypto holders to donate crypto straight from their Utrust wallets seamlessly, or when making a payment – a well-established practice in conventional banking and payments solutions, and yet an unprecedented case in the crypto world.”
Nuno Correia, the CEO of UTRUST said about this partnership:
“UTRUST is proud to support such an amazing cause. Transparency, accountability and giving back to the community are a pillar of our team’s purpose and culture as well.”
UTRUST is the world’s first payment platform for cryptocurrencies featuring Buyer Protection and Instant Payments. The company is building a global PayPal-like payment platform with extensive cryptocurrency support. Providing faster, safer and more convenient payments is the platform’s ultimate goal, which will ensure large-scale adoption and user acceptance.
AidCoin is an ERC20 compliant utility token that will provide transparency in the nonprofit sector, allowing individuals to track their charitable donations through the AIDChain platform.
AIDChain provides an ecosystem of services through an easy-to-use interface, including an internal exchange to convert major cryptocurrencies into AidCoin, a built-in wallet to store and donate easily, an explorer to track donations transparently, tools to connect donors with all the actors involved in the nonprofit sector and templates of smart contracts to run fundraising campaigns.
AidCoin additionally allows charities to integrate a donation button, called AIDPay, on their website that enables the acceptance of cryptocurrencies for their fundraising campaigns. Donors can donate in any cryptocurrency or altcoin that will be converted into AidCoin at the current exchange rate.
AidCoin is conceived and developed by CharityStars – a leading VC-backed fundraising platform which will be the first to utilize AIDChain and to accept AidCoin within its own ecosystem of charities, donors, celebrity donors and events.