The problem many people in the world today are having with the whole cryptocurrency market is the legitimacy of the market,even when there go pass that dilemma they still have issues on how to withdraw the dividend they've made on their investments in the market which is not supposed to be. All these tend to discourage people from even investing in cryptos in the first place.
Take for instance I have preached the gospel of steemit in my school to my class mate and to other friends, they seem interested in the whole game, owing to the fact that they've heard about the success stories of bitcoin and me telling them that they can invest their time on steemit instead of Facebook, twitter and the rest of the social media platforms and make money for doing what they do on those platforms even heightens their interests, but the question that comes next is how do we withdraw what we've made.
That becomes the issue because I myself still have issues with the whole process of withdrawal, and I just tell them when we get to that bridge we would cross it. It's not be long I joined the crypto-world though, maybe that's why I might not have answer to those questions.
But with the Advent of streamity those questions would be a thing of the past and it would be a big win for not only steemit, but to the whole cryptocurrency world.
What is STREAMITY
The STREAMITY project is focused on creating a powerful cryptocurrency exchange that includes a broad range of services. The goal is to ensure users can benefit from the developments in the cryptocurrency market, while mitigating risks arising from cryptocurrency ownership, transfer, and exchange.
The key element of the STREAMITY project is the STREAMDESK aggregator. STREAMDESK ensures exchange of cryptocurrencies for fiat currencies using smart contracts. The STREAMDESK prototype is available on-line and represents our core concept. STREAMDESK will ensure the most secure and e-cient exchange of cryptocurrencies by aggregating market capitalization and price data from major cryptocurrency exchanges. Thus, cryptocurrency rates will always be bound to its true market rate, and forprofit manipulation of exchange rates will be impossible. All fees are known in advance and will be transparent. STREAMDESK provides significant advantages to investors and users. There will be a clear display of relevant market data and its fees, coupled with a fair,transparent, and secureexchange.Furthermore the STREAMITY service will include news, analysis, educational, and investment resources. All the aforementioned services will provide value-added assistance to investors with regard to their management and accumulation of cryptocurrency funds. Each STREAMITY service will represent an independent business environment and will generate income from its various digital services.
The short of all this is that Streamity is the platform that gives the power to withdraw your dividend from your investment in cryptocurrency market without the fears of been duped, without delays, with fixed cryptocurrencies rates, minimum commission charges, E..t.c.
How would Streamity change the P2P exchange industry?
what is P2P
- P2P is means (peer to peer)
A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third-party. Instead, the buyer and the seller transact directly with each other via the P2P service. For more P2P
The Advent of Streamity in the P2P exchange industry will change a whole lot in the industry first it will bring about competition in the industry since, Streamity is the only platform that will be able to exchange the whole cryptocurrencies to other Fiat currencies and other to other cryptocurrency. Streamity will enjoy leading in the (P2P) in the industry. If they would make their exchange rates high, use a reasonably low commission and speed with which this transaction would take place heightened. It would really be a plus for them and it would bring a very big change in the industry, and as steemit would call the big guys whales. Streamity would be the whales in P2P industry, if this above mentioned are looked into Streamity would be on top for a very long time, because they would be the first to convert most of the cryptocurrencies if not all to Fiat currencies.
How is Streamity better than existing solutions (I.e other P2P)
- Just as I have stated previously its actually the first P2P platform that allows the conversion of many other cryptocurrencies apart from Bitcoin, Etherum and the likes of other leading in the market.
- The transaction is done directly by the two customers. There are not third-parties involved, the only supervision is done by the STREAM DESK, so as to allow legitimacy of the transaction.
- conveniency and speed too, are also what you stand to benefit from Streamity, because with their APP which would soon be out.
- privacy and security is also another plus for Streamity. Since you're in charge of your business using Streamity, there won't be need of given another person to do the conversion for you. Who may not be reliable. I could go on mention this plus for Streamity but due to recommendations of number of words for the contest, I will stop here.
How does smart contract system assure safety for both buyers and sellers
This was the supervisory system mentioned, earlier, STREAMDESK uses this system (I.e the smart contract system) to look into the transpiracy of the transaction with out knowing who this parties are. The only thing they make sure of is that the buyer sends the money into the system and the seller makes his good available for the buyer, (I.e the Fiat money is made available for the cryptocurrency, or vice versa and also crypto for another crypto). So at the end the both parties are satisfied with no issues and this is don't in no distant time.
How will Streamity help mass adoption of cryptocurrency
This is simple, since they're the only ones that exchange a whole lot of cryptocurrencies for Fiat money or for another cryptocurrency, this would probably remove fear or say doubt from the mind of the masses, and people like my friends I talked about before and the removal of this doubt will bring more people into cryptocurrency and my friends to steemit because Streamity has given answers to their questions.
How does giving people the ability to FIAT lower the barrier to their entry into the cryptocurrency market
What is FIAT
Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. Read more on FIAT.
More people would come into cryptocurrency as a result of their ability to FIAT money because the question in most peoples mind, about how to get this cryptocurrency converted has been answered. This would be a good thing for the market as more money and cryptocurrencies would be in circulation and this would boost the market cap value.
Recommendations
I would love for Naira to be included in the FIAT money so that, many people here in Nigeria would be able to accept and access cryptocurrency, remember we got population of teaming unemployed youth. I feel if they canal their internet subscriptions into cryptocurrency it would touch lives around this part of the world.
Conclusion
This is a very nice concept by founders of this idea and I wish my knowledge would be taken into consideration, so I too in my own little way I Will know contributed to the development of this great project Streamity, and that would be a part of my success story.
References
Fiat.
FROM @tobex ✌️🇳🇬
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