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 Krypton makes way.
Paying for products and services in an ecommerce environment always requires customers to share sensitive personal and payment data. They can use a credit/debit card, bank transfer or other online payment processor. Sharing these sensitive details exposes users to theft, hacking, fraud and other concerns. Having so much information out in the open is a problem, and there is still no viable alternative solution.
Utopia Crypto is a new solution that provides anonymity and privacy to consumers and merchants for every transaction. Thanks to its ever-evolving technology stack, two native assets – Krypton (CRP) and Utopia USD (UUSD) – are used for payments. Supporting merchants will accept one or both of these currencies More than 1,800 online stores are accepting these payment options, with more to be added soon.
Key reasons to use Crypton or Utopia USD include almost non-existent fees, unmatched privacy, and transaction finality in less than a second. Also, Utopia is a highly efficient and powerful 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 attractive features:
- There is no KYC requirement for transactions
- High-liquidity network and a built-in crypto exchange
- Ability to generate payment cards for online transactions
- Issuance of vouchers for offline payments
With Utopia, merchants provide customers with a better user experience without compromising security or anonymity. Utopia is the first payment solution that offers all these benefits without any glitches, creating a compelling use case for the network’s two native currencies.
Tech-savvy users can explore other benefits Utopia provides, including earning rewards for sharing RAM and CPU resources, decentralized domain registries, private messaging, a Tor option, and the option to send and receive encrypted emails.
Privacy and anonymity are possible through key cryptographic algorithms. Utopia uses multi-channel routing with man-in-the-middle countermeasures, Curve25519, Poly1305, and XSalsa20. These algorithms allow for a powerful combination of anonymity, privacy and fast transaction finality across a wide range of payment options.
About Utopia
Utopia is a decentralized ecosystem specifically designed 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 is developed by a group of networking technology enthusiasts. To avoid any influence on the project, the developers of Utopia will remain anonymous forever.
Official Utopia Website: https://u.is
Download Utopia: https://u.is/en/download.html
Crypto 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.
