# About Utoken

The Utoken app is an off-ramping alternative and bill payment network that allows users in the Ethereum ecosystem to pay bills such as data subscriptions, insurance, utilities, etc. using stablecoins. The aim is to bring more utilities to Web3 by merging traditional financial services with Web3 payment solutions. Our application serves both token holders and projects/protocols within the ecosystem.

# Problem Addressed

The app aims to address two related problems, which are highlighted below.

1. Offramping challenge: web3 users are often faced with an urgent or continuous need to offramp their assets to settle bills or access services that are not available on DeFi protocols. This often leaves users with high off-ramping fees, unnecessary KYC, and stressful processes, just to name a few. Most times, users are just trying to settle some bills off-chain but are forced to go through this rough path.

2. Utility for projects and RWA adoption: Most blockchain projects struggle with utility for their tokens, with limitations that discourage massive adoption.

