The rapid growth of Digital Economy has made it digital trading unavoidable. E-commerce, internet trading and online fund transfers and payments has been made possible by digital technologies. Digital Economy has taken over the business, social and personal activities in most countries and cultures in the world. No doubt, digital technologies that power the Digital Economy brought ease in transactions and lifted the burden of bureaucratic bootlegs faced during some transactions. This made cryptocurrencies more exposed and a crucial key in standardising the Digital Economy. Serving as an independent monetary unit, cryptocurrencies eradicated tax levies and governmental protocols.
However, cryptocurrency has suffered poor legislative attention. Countries and their governments have failed to provide concrete strategies and public policies in order to strengthen their own digital ecosystems, with the goal of balancing the harmonic development of the structures, adoption of digital platforms and the institutional base that would allow to direct in an efficient manner the impacts of digital economy on the corporate and social fabric of the nations.
Meanwhile, the unregulated cryptocurrency exchanges has led to the abuse of crypto traders trust by some exchangers. This malady plaguing the Digital Economy has posed as a huge threat to the Digital Economy, a problem that deserves immediate solution, which is exactly what STREAMITY provided; the idea of decentralising digital trading. Interested parties are enabled to make exchanges without the use of any intermediary. Yes, it is possible!
STREAMITY is the very first peer-to-peer platform focused on creating a powerful cryptocurrency exchange, ready to protect transactions with smart-contracts. The STREAMITY project is motivated by the challenges faced by Digital transactions. The main factor of the STREAMITY project is the STREAMDESK aggregator which uses smart contracts for exchange of cryptocurrencies for FIAT currencies. The STREAMDESK is bound to make sure that exchange of cryptocurrencies for FIAT currencies using smart contracts is safe.
WHAT MAKES STREAMITY BETTER THAN WHAT WE HAVE ALREADY
You will agree with me that cryptocurrency trading is one of the fastest growing market. Due to the high rate of crypto trading participation, a lot of exchange platforms emanated. With no regulations, these platforms made their rules to favour them. Even with the establishment of P2P platforms, the challenges still lingered. The P2P systems used by other competitors are plagued with flaws that are too expensive to ignore. The Local Bitcoins bulletin board which matches users of specific country lacks security, highly limited as it only supports bitcoins, and the exchange rates cannot be trusted as it is set by users of the platform. Changelly on the other hand which supports a reasonable amount of cryptocurrencies does not allow users sell their crypto for FIAT. It will shock you to also know that QVOLTA, which only supports Bitcoins and Ethereum has been in a test mode since 2017. Meanwhile, STREAMITY has observed these flaws of the existing platforms and has planned to solve all the challenges. STREAMITY is however better and different in many ways, some of which are:
A. AUTOMATIC AND EASY TO USE
Till date, some customers still find it really difficult to convert cryptocurrency to FIAT currency fast and safe. With numerous exchange platforms and different user interfaces, it becomes really difficult for users to figure out how to successfully trade. STREAMITY offers a very friendly platform where you handle your business yourself with ease.
B. MINIMUM COMMISSION AND FAIR MARKET PRICE
There are a lot of currency exchange platforms but all of them have one thing in common, which is highly overvalued commissions. With the sharp deviation from FIAT currencies to cryptocurrencies, numerous crypto transactions are made every day. These exchangers charge the participants high commissions even with the fact that their services are so difficult to use. However, STREAMITY aims to solve this problem through the STREAMDESK which will ensure that the cryptocurrency rates will always be bound to its true market price and also making all fees transparent. Now you can enjoy free market data and a fair, transparent and secure exchange.
Centralised cryptocurrency exchanges are open to hackers threat due to the design of the system which is a single point of failure. Any security slip could cost millions of dollars. With KYC verification and smart contracts embedded in the STREAMDESK system, cryptocurrency transaction can never be more secure.
STREAMITY SMART CONTRACT SYSTEM: HOW IT ENSURES SAFETY TO BUYERS AND SELLERS
Smart contract is a STREAMDESK application which provides maximum protection for the users. This application helps to digitally verify, facilitate or enforce the negotiation between two interested parties without the help of a third party. With this system, transactions become safer and trusted since it is are not manipulated by individuals but automated. The system also helps to maintain a fair exchange rate which favours the buyer since the seller cannot inflate the exchange rate. The seller however is assured of payment without technical challenges. It can only get better!
The decentralisation of cryptocurrency trading will harmonise market values which has been a big problem in the mass adoption of cryptocurrency. Security has been another challenge, with prospective users sceptical about the security of the transactions. The smart contract has however eradicated the security issues which makes digital trading more friendly. With the ease in transaction and swiftness in digital trading which STREAMITY facilitates, new users who has been sceptical about the Digital trading would surely subscribe. The complicated exchange platforms has driven a lot of prospective crypto traders away, with a decentralised, easy and safe trading, new users would surely start trading. With majority of the world population trading digitally, cryptocurrency mass adoption can easily be achieved.
CONCLUSION
STREAMITY unites and protects its users. With the security provided by the STREAMDESK through the smart contracts and the minimal commission and fair market price, cryptocurrency traders can freely handle their transactions with one eye closed. For more information about STREAMITY market analysis, ICO structure, project plan, bonus programs, bounty campaign, road map and other services, click here.
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