Utorg Hyper App has introduced a groundbreaking update that allows users to spend USDC on the Solana blockchain using the Utorg crypto card. This makes Utorg the first non-custodial crypto wallet to offer such a feature. Users within the Solana network can now use their USDC for transactions at any location that accepts Visa and Mastercard, seamlessly integrating digital assets with everyday purchases.
The Utorg Hyper App supports more than 200 cryptocurrencies and 12 blockchains, enabling digital asset purchases through over 30 payment methods, such as Apple Pay and Google Pay. The app includes the Utorg Card for real-world crypto spending and the Earn! trading tool for optimizing crypto investments.
Licensed to offer virtual currency services, Utorg provides virtual currency exchange against fiat and other virtual currencies, along with virtual currency wallet services. UAB ‘Utrg’ has achieved PCI DSS Level 2 certification, ensuring robust security for its users. The management team brings extensive experience in distributed ledger technologies, smart contracts, cybersecurity, finance, banking, credit card processing, the cryptocurrency market, and e-commerce services.
To enhance transaction security, Utorg has adopted MasterCard SecureCode and Visa Secure (previously Verified by Visa) 3-D Secure standards. This system involves an authentication step where customers enter a personal code registered with their bank during checkout, with the bank then verifying the cardholder and confirming the purchase with Utorg. This measure aims to comply with global security standards, reduce fraud, and improve card acceptance rates.
The PCI DSS is a comprehensive set of policies designed to secure credit, debit, and cash card transactions, protecting cardholder information from misuse. Compliance involves meeting six major objectives, 12 key requirements, 78 base requirements, and over 400 test procedures, along with regular external audits.