Cryptocurrency. Ask anyone what they think about them and you will get mixed feelings. For some it is the best discovery of the 21st century. For others it is a financial nightmare.
Why do the latter feel this way? Oh I don't know.. maybe the events from the Mt Gox $460 million disaster in 2014 to CoinCheck losing $534 million to hackers in January 2018(you would think by now these exchanges will be secure).
But you can just meet up face to face right? In 2017, a man was robbed at gunpoint in Brooklyn. The robber made him transfer $1100 worth of bitcoin. So do we blame the seller for not being careful enough? Is it now a bad thing to try to have faith in people?
I have to point out that these were all Bitcoin hacks.
So now you're thinking "That's why we have Ethereum for smart contracts and enhanced security. Everything is safe." Right? Right?

Wrong.

In June 2016, Ethereum's DAO was hacked and 3.6 million ether was drained from its contracts. This proves that while the blockchain is immutable and unhackable due to the sheer ridiculous hashing power it would take to do a 51% attack, the softwares used to communicate with it are not. It's only a matter of time before a hacker finds a buggy code to exploit or figures out your probably weak password to gain access into your exchange account to transfer your coins with a click of a button. Coding for the blockchain is a relatively new field, so we are not to be too surprised when mistakes are made. No method is safe... or so we thought.

Introducing STREAMITY

What is Streamity?
Streamity is a Singapore based company that has created a powerful Decentralized App called StreamDesk. What is StreamDesk? It is a peer-to-peer platform that utilises a decisive combination of security protocols to ensure safe and trustless exchange of fiat for crypto currency.

Consequences Of Streamity's Service

In everything involving money, security is one of the most important tools that needs to be incorporated, and since Streamity, through StreamDesk with the adoption of blockchain technology is providing that, a lot of people will like to optimize this opportunity thereby increasing the number of people investing in crypto assets.

Also, the integration of STREAMDESK with some payment systems, e.g Yandex will enable easy transfer of cash to sellers. However, the streamity team is currently negotiating with other reliable payment systems like; QIWI,
OkPay, AdvancedCash, and a future incorporation of PayPal and Skrill, followed by VISA and MasterCard will enable the transaction processes more easier. Since there will be a vast availability of different platforms for making payments, more people will adopt the use of cryptocurrencies which subsequently Increase its value. Meanwhile, there will be a way of receiving payment statuses from these platforms.

The use of FIAT usually comes with lot of difficulties and challenges which has chased many away from entering the FIAT world. However, Streamity's gives people the ability to use FIAT thereby lowering the barrier associated with entries by bringing about direct transactions between users and at the same time, maintaining adequate security through the use of smart contracts. Subsequently, there will be a secure mode of money transfer between the parties involved.

Partnerships

For a successful integration into the cryptocurrency market, Streamity is currently pursuing numerous partnerships with great numbers of blockchains such as EOS and NEM for smart contracts.

For payment purposes, Yandex Money and PayPal have been incorporated into the system already! In the view of making more payment platforms available, Streamity will continue to pursue partnerships and collaborations for the improvement of end users experience and bringing compatibility to the platform.

Token Sale

[Streamity]((https://streamity.org/) incorporates the use of Streamity token, SMT, into the system for carrying out of some transactions.
The Phase 2 of the crowdsale will start on Monday, June 25th in which over $4 million has already been raised.

Summary & Conclusion

The various problems associated with the local exchanges or P2P exchange industry, ranging from the high cost of transactions to a compromised security, might have scared away prospective investors of crypocurrencies which subsequently have significant negative effects on the price of digital assets.

However, the decentralization of a P2P platform implies that owners of digital assets are shield from bad trades and unfair deals. Smart contracts allow for trustless trading. The commissions are completely transparent and prices are dependent on different rates at major exchanges.

STREAMDESK provides significant advantages to both investors and users by providing the basic/essential tools which is lacking in the centralized platforms, especially security through the use of smart contracts as explained above, thereby contributing into development of the crypto-community security. This draws more users and investors into the crypto-world. Bringing more people to invest has a positive effect on the price of crypto-assets.

With these services made available by StreamDesk, a revolution in the crypto-world is assured... Streamity is the way!!!!