Anonymity and privacy are tricky to come by in the financial world. However, cryptocurrencies can offer a much-needed alternative in that regard, and Utopia Crypton paves the way.
Paying for goods and services in an eCommerce environment always requires consumers to share sensitive personal and payment data. They can use a credit/debit card, bank transfer, or other online payment processors. Sharing those sensitive details makes users subject to theft, hacks, fraud, and any other concerns. Having so much information out in the open is a problem, and there hasn’t been a viable alternative solution yet.
Utopia Crypto is a new solution that offers consumers and merchants anonymity and privacy for every transaction. Thanks to its ever-evolving technology stack, two native assets – Crypton (CRP) and Utopia USD (UUSD) – are used for payments. Supporting merchants will accept either or both of these currencies. Over 1,800 online stores are accepting these payment options, with more to be added shortly.
Key reasons for using Crypton or Utopia USD include the nearly non-existent fees, unparalleled privacy, and transaction finality in less than one second. In addition, Utopia is a very efficient and robust payment network that proves easy to integrate thanks to its built-in API and other tools for merchants.
To get more consumers and merchants on board, Utopia introduces some intriguing features:
- No KYC requirements for transactions
- High-liquidity network and a built-in crypto exchange
- The ability to create payment cards for online transactions
- Issuance of vouchers for offline payments
With Utopia, merchants offer a better user experience to customers without compromising security or anonymity. Utopia is the first payment solution to provide all these benefits without drawbacks, creating a compelling use case for the network’s two native currencies.
Tech-savvy users can explore the other benefits Utopia provides, including earning rewards for sharing RAM and CPU resources, the decentralized domain registry, private messaging, a Tor alternative, and the option to send and receive encrypted emails.
Providing privacy and anonymity is possible through crucial cryptographic algorithms. Utopia leverages multi-channel routing with man-in-the-middle countermeasures, Curve25519, Poly1305, and XSalsa20. These algorithms allow for a potent combination of anonymity, privacy, and quick transaction finality across the extensive payment options.
Utopia is a decentralized ecosystem specifically developed to combat online surveillance and ensure the privacy of financial transactions.
Utopia’s desktop application is available for Windows, macOS, and Linux in 29 languages. The ecosystem has been developed by a group of networking technology enthusiasts. To eliminate any impact on the project, developers of Utopia will forever remain anonymous.
Official Utopia website: https://u.is
Download Utopia: https://u.is/en/download.html
Crypton Exchange: https://crp.is
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.