nTrust is a Canadian technology business, headquartered in Vancouver, BC, Canada. The company provides a bitcoin wallet and exchange, primarily to Canadian members. nTrust offers the ability to buy or sell bitcoin and store it, send it to another member or an external bitcoin address, or withdraw it to a bank account. nTrust is a money services business registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and is strictly regulated. nTrust is also PCI-DSS Level One certified.
Video NTrust
Services
Buy and Sell Bitcoin
Canadian members can transfer CAD to their account through bank transfer, Interact, credit card, or debit card. Then the user can purchase bitcoin at a real-time exchange rate. Members can then store bitcoin, send it to another member, send it to an external bitcoin address, or sell bitcoin for CAD that can be withdrawn to their bank account.
Previously, nTrust's main service was based around a mobile app that allows users to make global, person-to-person money transfers. Users signed up for a Cloud Money account, which they used to store and send funds digitally to each other and to and from traditional banks all over the world. The platform supported deposits using traditional banking methods as well as electronic cash and wallet services.
Prepaid Credit Cards
nTrust used to offer two types of prepaid MasterCards. Users loaded funds digitally to either a physical card, and/or to a 'lite' card that can be used online. That service was suspended in early 2017. According to its website, nTrust plans to offer a similar prepaid card program in the future, which will be compatible with bitcoin.
Bitcoin Wallets
While only Canadian members can upload funds to their account to buy bitcoin, any user can create a bitcoin wallet within nTrust. The user can receive bitcoin from an external address, send bitcoin, and store bitcoin within nTrust.
Background
nTrust's mobile payment technology was first publicly piloted at a series of food truck events in Vancouver which began in June 2014, and was released publicly in October 2014 to students at the University of British Columbia Point Grey campus.
This mobile payments system was officially launched to the public in April 2015. Until the end of the Merchant program in 2016, over two dozen located in downtown Vancouver, BC were able to accept nTrust mobile payments from customers paying with the nTrust app. Twenty-five percent of each transaction fee collected by nTrust was be donated to a charity chosen by the user.
Maps NTrust
References
External links
- Official website
- Vimeo channel
Source of the article : Wikipedia
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