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Saturday, October 23, 2021
Home News UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model

UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model

Soma, the Blockchain startup that facilitates trade in classifieds, and UTRUST, a payment processing solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving in fiat money, announced a partnership to upgrade the classifieds business model.

“Soma is proud to announce a partnership with UTRUST,” stated co-founder Joseph al Sharif, “UTRUST is a revolutionary payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism. We will both benefit from this fruitful partnership and we are excited to begin this collaboration as a long-term union between two innovative concepts.”

This partnership will create an entirely new breed of C2C business models. In harmony with the decentralized model, consumers will trade their goods on Soma, not through middlemen, brokers and corporations, but through mass engagement and ingenious code.

Soma and UTRUST will abolish unfair and incorrect trading fees, thus providing a just proportion of profits among its community. This partnership will usher the era of decentralized social wealth and create a digital marketplace that will rival with the likes of eBay and Amazon.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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