Will merchants be provided with a UTrust debit card option as part of this service or will they only be able to withdraw to a bank account?
I haven't read anything regarding a credic/debit card from UTrust? According to the Whitepaper when a payment is done, the crypto is directly exchanged to fiat and then the fiat is payed to the merchant.
it would make sense, what mooblocks means. i think he is asking, if there will be a option to pay with a debit card from outside to utrust, changing fiat into crypto, and to withdraw, after the tokens got changed to fiat, to a bank account.
I think such an opportunity will be. UTRUST can not be limited to payments by crypto currency. Otherwise it will be just a one-way exchange. UTRUST as a payment aggregator must be universal.
Why does it make sense? If I understood correctly, what you suggest is that you pay with debit card, so fiat is exchanged to crypto? How is this exchange logical if everybody accepts payments with fiat and you wouldn't lose money paying the commission? The whole idea of UTrust is to enable cryptocurrency holders to pay goods and services with cryptomoney without the need to exchange them to fiat.
It means that it would be possible to carry out usual payments in fiat money, directly, without converting it into crypto currency. Perhaps not now, but in the future. The payment system should be universal and connect to itself all the necessary opportunities to constantly expand and grow. If work only with crypto currency, then can forget about the competition with Paypal.
