April 30th, 2018 at 8:47 pm UTC · 2 min read
UTRUST Switzerland AG and Gambio GmbH have initiated a strategic partnership to bring cryptocurrency payments to the mainstream. Gambio is Germany’s biggest E-Commerce Solution with over 25,000 merchants, and billions in annual revenue.
Through this partnership, UTRUST will be entering Europe’s largest economy, representing over one-third of total European online sales.
Commencing in September, the partnership will enable over 25,000 merchants to effortlessly and securely accept cryptocurrencies as a means of payment.
This announcement is also important for the wider blockchain industry; increasing the total number of merchants to accept cryptocurrencies worldwide — approximately 100,000 right now — significantly.
UTRUST CEO Nuno Correia commented on what he believes this partnership will mean for mass-scale blockchain payments;
“This partnership is another huge step forward, bringing cryptocurrency payments to real consumers. Today, together with Gambio, UTRUST is once again making history. Blockchain startups should focus on partnerships with real businesses, real customers, and real use-cases. That is what is needed now, more than ever, for mainstream adoption”
UTRUST is the world’s first cryptocurrency payments platform to implement consumer protections on a mass scale. The company is building a global PayPal–like payments platform with extensive cryptocurrency support.
UTRUST’s end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world’s first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.
With 2.5 billion unbanked people in Emerging Markets yet to benefit from financial inclusion, UTRUST is also planning to build the bridge to enable the unbanked worldwide to access the mainstream global financial system.
UTRUST raised over 20 Million USD in a successful token sale late 2017, and has since been fully devoted to building out its cryptocurrency payments platform.
With over 25,000 active merchants, Gambio GmbH, headquartered in Bremen, has been one of the leading suppliers of ecommerce software in the German-speaking world since 2004. The Gambio shop solution is targeted towards e-commerce startups as well as established merchants with complex requirements.
By way of a number of integrated interfaces, all major payment systems, shipping service providers and merchandise management systems or ERP systems can be connected to the shop system Thanks to the multichannel approach, all major marketplaces can also be directly operated using the shop software.
Gambio currently serves over 25,000 merchants in Europe’s largest economy, reporting billions in annual revenue.
Nuno Correia, UTRUST CEO
Disclaimer: UTRUST is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.