How Do The Best Get Better?
In the world of sports, athletes search far and wide for any differentiating factor they can integrate into their training to get an edge over the competition. Whether it's cryotherapy to assist with recovery time or utilizing technology during workouts to monitor muscle movement patterns to figure out how to make those slight edge improvements, competitive athletes know to use all resources at their disposal to be the best they can be. You can see the fruits of their labor when you watch high-end events such as the Olympics, but this is not the only place where that mentality can be applied. Wherever value is created in the world, there are people looking to dominate the field. One of the newest and most exciting battlegrounds is the cryptocurrency trading market, and you can absolutely bet that it's filled with sharks in the water looking for any competitive advantage they can get. One organization recognized this, surveyed the pain points in the market today, and has produced just the technology needed to give it's traders the edge over the competition. That organization is called Streamity!
What are the current crypto obstacles?
Let's consider a couple of the pain points that cryptocurrency traders experience today. First off, transacting P2P (Peer-to-Peer) is difficult to do securely and efficiently. There are a few services that exist, but none of them have a truly comprehensive service for those that wish to transact. For example, Local Bitcoins as a competitor allows P2P transactions of Bitcoin, but not other cryptocurrencies. Changelly doesn't allow users to sell cryptocurrencies for fiat money, only buy. Qvolta is still in a test phase and only supports Bitcoin and Ethereum. For active traders and crypto enthusiasts, none of these options provide a substantial solution to P2P transactions in the real world.
So, in response, many people turn to exchanges (generally multiple exchanges) to replace the P2P transactions they would prefer to make. Here's a common example: To start with, one has to move some cryptocurrency from their wallet to an exchange where they can trade for multiple cryptocurrencies. This will allow them to trade for a more common crypto such as Bitcoin or Ethereum that has a fiat pairing. However, often times, this fiat pairing is not on the same exchange they had to use to trade their original crypto, so they likely will have to then move the Bitcoin or Ethereum from that exchange to another exchange. Then, they can sell to receive fiat for their cryptocurrency. Outside of the fact that it's annoying to have to take so many steps, this brings up a couple other issues. Because these users couldn't do the P2P transaction they wanted to, they now have piled up fees from all those transactions and wait times for block confirmations for all of those transactions. The whole process just to be able to buy or sell between fiat and the cryptos you love ends up turning into a slow and expensive ordeal.
How will Streamity resolve these issues?
Streamity separates itself from the competition and addresses the primary pain points above by utilizing smart contracts in a secure platform that can be used to transact P2P with multiple cryptocurrencies. Integration of smart contracts into a P2P transaction facilitated by Streamity allows for safe and secure P2P transactions. In addition, through the StreamDesk platform, Streamity is working to ensure that the users of tomorrow will be able to use those crypto-to-fiat pairings using integrations with other pay services such as PayPal, VISA, and MasterCard. They already are negotiating with QIWI, OkPay, and AdvancedCash now! Check out this video from the team for an overview of the process:
In addition, for those who trade frequently, Streamity works as a subscription plan that allows you to pay comparatively far less for your transactions. Instead of charging a fee for each transaction, Streamity has different monthly pricing tiers with free transactions up to a cap. This is extremely valuable for the active trader that's looking for an edge over the competition, or even a novice that simply wants to be careful about how much they spend on a monthly basis. The lowest monthly cost available is only $1 USD. This means someone could test it out or use it with up to $100 in transactions per month for just $1. Even if you found a coworker that used cryptocurrency and decided to make transactions using ETH whenever one of you made a coffee run, you'd be surprised how fast you could hit $1 in gas fees for a handful of tiny purchases. Especially when the network gets more congested and those fees increase. With Streamity, you'd both pay $1 per month to be able to transact in this manner up to the $100 limit at that tier. You can imagine how users with more volume can end up spending a lot in gas and exchange fees as things are now.
Get the right tool for the job!
This brings us full circle back to the idea of gaining a competitive edge. Just like the athletes mentioned at the beginning, cryptocurrency markets are competitive and relentless. Trying to compete in this market without all the necessary tools is like being a mechanic with half a socket set. You might be able to get the job done with what you've got, but you'd be way better off if you had that 13 mm socket to fit perfectly. When it comes to P2P transactions that are safe, affordable, and easy to facilitate Streamity is the right tool for the job! Check out their website today for more information, to find what social media accounts you can track them on, or to join the ongoing token sale to get in on the ground floor on this great project. Also, track the latest and greatest updates and interact with the community by joining their Telegram group.
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