Introduction

The adoption of cryptocurrency like USDC for payment for services and goods has shown us how stablecoins could potentially transform payments and cross-border remittances. While the underlying technology is very promising, the adoption rate is still very low, limited to trading and DeFi applications. With Utoken, we are merging traditional finance with blockchain technology to drive more adoption.

About Utoken

The utoken app brings more utilities to tokens, especially stablecoins in the Arbitrum and Uniswap ecosystems, by allowing users to make bill payments (data subscriptions) using their token. This is made possible through a network of web2 and web3 service providers.
The illustration shows how the platform integrates with both Uniswap and Arbitrum ecosystem.

The services available include:

1. Data Subscription
2. Airtime top-up
3. Cable TV subscription
4. Insurance
5. Savings
6. Utility
   More services are to be included in the future.

Value for users in the Arbitrum/Uniswap ecosystem

1. Instant bill payment (powered by Arbitrum One's fast transaction)
2. No KYC
3. No off-ramping stress
4. Zero off-ramping fee
5. More utility for users holding various assets
   The illustration below shows the user flow for using the application.