Following the rapid and continued growth of the internet the digital Economy is now on this same trend of tremendous growth, this includes e-commerce and e-business.
This growth has also lead to increased demand in online payments, and this is mostly done with crypto currencies, this digital currency units are bought from companies owning this currencies with fiat or real currency, hence an exchange platform is necessary.
Today users are faced with so many problems when trying to exchange cryptos for fiat and vice versa, this problems are a as a result of transactions being backed on central points that may be vulnerable to attacks, currency theft and hacks, this problems include insecurity, expensive operational cost and complicated methods.
Most p2p platforms operate only on specific cryptos like BTC, LTC and ETH, while using such platforms users have to make exchange in cumbersome steps, first an exchange is done converting owned crypto to crypto accepted by the platform and then it is converted to local currency. At each step fees are charged and at the end of a complete transaction large expenses are made. If this is a fact we accept, then it's time to step into the future of crypto exchange, STREAMITY
What's the streamity platform about
Streamity is a person to person platform based on smart contract cryptocurrency exchange: it allows for digital currency and fiat currency exchange at minimal commission and fair market price, easy safe and secured with the use of smart contract I.e protocols that enforce negotiations without intermediaries I.e directly between users.
With reception of signal from payment systems Chosen by users, which is used as a warrant which follows well defined protocols and algorithms hence ensuring payment by Fiat or crypto as the case may be.
The streamity platform possesses other features like providing Educational articles, news and price stat information, but the primary feature of the platform is it's decentralized apps that carries out the said exchange(streamdesk).
Streamdesk has shown tremendous merits over it's centralized competitors in the exchange industry, this merits include:
Streamdesk enforce negotiations and exchange based On the exchange method preferred by the user, and cryptic fees are as little as 0-2% and in most cases no fees for FIAT money
Standard rates of price is another major advantage of this platform, the market sector collects information about the rate from the main train market
Since this currencies undergoing exchange are not blocked within the platform, but conducted between the seller and buyer directly using smart contacts users lack reasons to be afraid of cases if insecurity and harks.
Already mentioned a part of this in the previous segment of this post (advantage over others), but let's see something from the process at which payment or exchange are effected on the platform
When a smart contract is initiated payment only released when the networking has received his payment theb the signal received stands as a key to initiate the contract and both buyers and sellers get what they should get. Let's assume a Fraudster trying to dupe negotiates a trade and plans to get away with goods (cryptocurrency) without paying, he gets disappointed because after the life span of smart contracts, the expired contract is canceled and currencies are return to appropriate parties with no charges attached hence users are secure and their assets are protected through every means possible.
i highly recommend this platform for all present and future cryptoers
streamity website
streamity paper
one page
This is my entry for the @originalworks writing contest for streamity
streamity2018
