The members of Xriba Association are teams with strong technical and marketing capabilities, as well as management control and leadership. The Ambassador’s group is the association’s pride; they make a difference when working with banks, companies, and institutions, and grow the organization every day.
Let’s get to know this special group starting from Utrust.
The problem in traditional payments
Online merchants are being underserved and overcharged on every single transaction. International payments are flawed due to country-specific regulations channeled by multiple intermediaries.
- High Fees 3% — 10%
- Chargebacks $40 billion loss
- Slow Settlements 1/7 Days
- Fraud +30% YoY
Another problem is the lack of a universal payment option for buyers. We live in a digital era where we can communicate with everyone in the world instantly and cost-free, with just a smartphone and an internet connection but we still can’t do the same with money.
- Multicurrency: people are required to convert their native currency into other to make international payments
- Coverage: several obstacles in cross-border transfers and very slow to settle a transaction
- Costs: multiple intermediaries and a sum of high payment fees charged to consumers
- Inclusion: 2 billion people don’t have access to bank accounts due to complexity of the banking system
Who is Utrust?
Utrust is a company specialized in crypto payment services. They provide a powerful platform that integrates the strength of several blockchain networks into a single ecosystem. Users can have a simpler crypto payment experience, and businesses will easily be able to accept cryptocurrencies into their existing systems.
Utrust is the leading cryptocurrency payment solution designed to modernize the finance and payments industry and solve the problems of traditional payment methods by offering instant transactions and immediate crypto-to-cash settlements for the merchant.
It enables businesses to increase their margins while keeping “business as usual”.
“The Stripe” for cryptocurrency payments that allows business:
- To choose Cryptocurrencies as a payment method during online checkout
- sending invoices or payment requests to suppliers to be paid in cryptocurrency
- receiving EUR, USD or GBP directly in your bank account or settling in cryptocurrency
What does it means to be an Ambassador?
Ambassador members are companies that identify themselves with the vision of the association and have decided to join the association by providing their expertise and commitment to help the association grow the Xriba ecosystem by contributing to its governance.
As members of the Association, they participate in all crucial votes through the General Meeting, a body formed by all members, actively participating in the life of the Association.
How to become a Xriba Ambassador?
Any legal body wishing to join the organisation must submit an official application via email. At this point, the executive committee will make an initial assessment of whether the candidate has the merits, skills and commitment to be part of the association’s governance. This means that the activities carried out by the candidate must be in line with the vision of the association, that it has demonstrated that he/she has contributed to the Xriba ecosystem or that it has resources that can contribute to its growth in the future.
After this phase, the Executive Committee verifies that the candidate has the necessary XRA, which for Ambassadors amounts to 500,000 XRA tokens.
Finally, a vote will be taken by the General Meeting to admit the candidate based on the Executive Committee’s investigation.
Become a Xriba Ambassador