UTRUST – a payment platform – recently announced its partnership with the Development Team of Ethereum Classic (ETC). The firm recently signed a MoU (Memorandum of Understanding) with the Developers of Ethereum Classic (ETC) to integrate ETC into its platform with the support of the Foundation.
The Recent Performance of Ethereum Classic
Ethereum Classic (ETC) has been doing pretty well in the digital currency market and it is among the top performing digital currencies on the list of top twenty digital currencies in the current market crash. A couple of weeks back, Coinbase added Ethereum Classic (ETC) to its trading platform. Although it took a couple of days for the listing to go live, the eager investor community saw the value of the coin increased by more than 50 percent.
Ethereum Classic (ETC) Price Today – ETC / USD
Another breakthrough that helped the digital currency over the past weeks is the announcement made by Grayscale Investments. According to the announcement, the firm held Ethereum Classic (ETC) worth $90 million. This institutional investment, while the digital currency market is just becoming popular, will open the door for increased adoption of digital currencies.
Ethereum Classic (ETC) Has More Institutional Demand
According to the co-founder and CEO of UTRUST – Nuno Correia, “Ethereum Classic (ETC) is one of the few digital currencies with clear institutional demand.” The CEO added that “while blockchain payments have undeniably disrupted financial transactions, the firm – UTRUST – believes that it is their responsibility to add a much-required layer of consumer protection, and also low fees and instant transactions for those that want to use Ethereum Classic (ETC) for payments.”
UTRUST helps firms to convert their digital currencies to stablecoins or fiat currencies, protecting customers from the volatility of the market. The firm acts as a third-party intermediary between buyers and sellers. UTRUST also facilitates dispute resolutions between buyers and sellers. Ethereum Classic (ETC) is enjoying a prosperous year with exchanges, institutional investments, and partnerships. The digital currency has been doing great and this new partnership could also have an impact on its value.