January 17, 2022
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New Web3 Merchant: Autoworld Integrates Utrust And Prices Cars In EGLD

In just 1 week since the Utrust acquisition announcement, 400 businesses signed up to the waiting list for becoming a Web3 merchant, 5 of them are already live and the others in various stages of the registration process.

The European car dealer Autoworld was among the first to accept direct EGLD payments for its cars, and has now integrated Utrust, to make the process more streamlined and convenient for all the involved parties.

“A lot of our customers prefer EGLD payments because it is more convenient and inexpensive for them, so we made a lot of sales that way. By integrating Utrust, we can now accept EGLD in a manner that is more convenient also for us, as the invoicing and bookkeeping no longer need a special process.” said Roger Patrasc, Sales Manager.

Autoworld’s commitment to EGLD and Web3 payments does not stop here. The European car dealer also added EGLD pricing for cars it sells via its Carcloud platform, making it even more convenient for prospective customers to shop for a car with their staking rewards or DeFi yields.

EGLD pricing on Carcloud

Even if not priced directly in EGLD on the car dealer’s other platforms, cars listed on Autoworld, Das Weltauto and Audi Approved Plus, are also in scope of the Utrust integration. Furthermore, the European dealer will use Utrust as the primary services provider for accepting payments in other cryptocurrencies such as BTC, USDT or UTK.

Join the waiting list to become a Web3 merchant and get your business ahead of the digital transformation curve:

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Utrust

Web3 payments technology. The radically better way to pay and get paid globally.

Utrust is the leading cryptocurrency payment solution designed to modernize the financial and payments industry and solve the problems of traditional payment methods by enabling immediate transactions, buyer protection, and instant settlements for merchants.

About Autoworld

Official Audi, Volvo and Volkswagen dealer.. Also part of the Autoworld family is pre-owned marketplace Das Weltauto Auto and the innovative Carcloud platform that offers buyers a fully digital process from selection to purchase, along with the newly acquired brand Audi Approved Plus.

Author Profile Picture
Daniel Serb
Head of Business Development
Published by
Author Profile Picture
Daniel Serb
Head of Business Development
Published on
January 17, 2022
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