Anonymity and privacy are hard to come by in the financial world.In this regard, however, cryptocurrencies can provide a much-needed alternative, and Utopia Crypton paved the way.
Paying for goods and services in an e-commerce environment has always required consumers to share sensitive personal and payment data. They can use credit/debit cards, bank transfers or other online payment processors. Sharing these sensitive details exposes users to theft, hacking, fraud and any other problems. Exposing so much information is a problem, and there is currently no viable alternative solution.
Utopia Crypto is a new solution that provides anonymity and privacy for every transaction for consumers and merchants. Due to its evolving technology stack, two native assets – Crypton (CRP) and Utopia USD (UUSD) – are used for payments. Supported merchants will accept one or both of these currencies. Over 1,800 online stores are accepting these payment methods, with more to come soon.
The main reasons to use Crypton or Utopia USD include virtually non-existent fees, unparalleled privacy and sub-second transaction finality. Additionally, Utopia is a very efficient and robust payment network that is easy to integrate thanks to its built-in API and other merchant tools.
To attract more consumers and merchants to join, Utopia has introduced some interesting features:
- Trading without KYC requirements
- High Liquidity Network and Built-in Crypto Exchange
- Ability to create payment cards for online transactions
- Issue offline payment vouchers
With Utopia, merchants can offer their customers a better user experience without compromising security or anonymity. Utopia is the first payment solution to offer all these benefits without the drawbacks, creating a compelling use case for the network’s two native currencies.
Tech-savvy users can explore other benefits Utopia offers, including rewards through shared RAM and CPU resources, decentralized domain registration, private messaging, Tor alternatives, and the option to send and receive encrypted emails.
Privacy and anonymity are provided through key encryption algorithms. Utopia utilizes multi-channel routing and man-in-the-middle countermeasures, Curve25519, Poly1305, and XSalsa20. These algorithms allow for an efficient combination of anonymity, privacy and fast transaction finality across a wide range of payment options.
About Utopia
Utopia is a decentralized ecosystem designed to combat online surveillance and ensure the privacy of financial transactions.
Utopia’s desktop application is available in 29 languages for Windows, macOS and Linux. The ecosystem is developed by a group of web technology enthusiasts. To eliminate any impact on the project, the developers of Utopia will remain anonymous forever.
Utopia official website: https://u.is
Download Utopia: https://u.is/en/download.html
Cryptocurrency Exchanges: 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 and is not intended to be used as legal, tax, investment or financial advice.
