Streamity - Decentralized Cryptocurrency Exchanges

Fiat Fiat, is the kind of money with which you can go shopping, pay debts, taxes and even go on vacation, and this money is under government regulations.

This is the monetary system that is currently used to carry out trade. Dollar, euro, the pound and any other currency governed by a government entity, is classified as a fiat currency.

The word fiat has its origin in the Latin "fiat", whose meaning is "so be it", therefore, the money denominated in this way has its value in the trust that people have in the entity that issues said money.

The fiat money is supported basically by the faith or trust that the population has in its issuing entities, in this case reference is made to the government and to the banking entities authorized by the State.

Cryptocurrency The cryptocurrencies for their part emerged in 2009, as a strategy to combat vulnerabilities with fiat money, and this digital instrument promises to be the successor of fiat money in the future.

cryptocurrencies have certain advantages over fiat money:

They are Decentralized, created by a computer through an algorithm, this makes them impossible to falsify.

Each transaction is carried out directly, that is, from one user to another, without intermediaries. The transactions are completely anonymous, which allows you to protect your privacy.

And finally they can be used anywhere in the world, you only need to have access to the Internet.

A very important concept when making financial investments is liquidity. Liquidity is nothing more than the ability to convert investment into hard cash. Having the money in a traditional bank account is very liquid, just go to the cashier or use a debit card to dispose of the money.

Now, many users of cryptocurrencies are realizing that the liquidity of their Bitcoin and similar investments is quite low.

If you want to buy or sell bitcoins, Ethereum or any other cryptocurrency, it is normal that you do it through an 'exchange', these are platforms for buying, selling and transferring virtual currencies.

Currently the exchanges earn a lot of money and they do it without having to mine or invest money in these cryptocurrency, how do they do it? They charge high commissions.

The Bitcoin and Blockchain success has increased the use of cryptocurrencies over fiat currency as a payment instrument, especially for international transactions.

The cryptocurrency exchanges have become very useful tools especially for people from underdeveloped countries, since they can receive payments in this way or even send remittances to their families in a simple and easy way.

However, there are currently problems for users, there is bottleneck for fairentrance to the cryptocurrency market. It is quite an odyssey to get exchange services with minimum commissions (commissions overvalued), fair transfer limits and strong security.

But, why?

Source

Problems in the Exchange Market.

Currently the Existing cryptocurrency exchanges are mostly centralized, which means users must trust their money to a third party and accept all condition.

Despite all the restrictions, commissions and procedures that must be followed in these centralized cryptocurrency exchanges, the risk of hackers persists, firstly because them are centralized platforms, thus the criminals can focus their efforts in a single target. Something they can not do in a decentralized ecosystem.

Peer-to-peer (P2P) services may minimize this risk, however, most of these services function only as a trading platform, where the security of a deal is guaranteed only by the credibility of the team behind the platform. Added to that, the risk of hacking or some other security issues persists.

And Again, High commissions are present in mostly Peer-to-peer (P2P) cryptocurrency Exchange services.

the majority of cryptocurrencies exchange platforms (including P2P Platforms) work only with Bitcoin and Ethereum, this is an expensive additional headache for the users, they must previusly exchange their cryptocurrencies until to Bitcoin or Ethereum losing money on commission in each step it takes.

But the odyssey does not end there if what you want is to have FIAT money, this cryptocurrencies exchange platforms have high commissions when exchanging cryptocurrency for fiat money.

There are even platforms where you are not allowed to sell cryptocurrency for fiat money.

As an alternative to solve the problems mentioned above, Streamity emerges like a solid proposal to create a fair and transparent service of cryptocurrencies exchange for fiat currencies without intermediaries (STREAMDESK).

Streamity is a project designed to establish a simple and secure platform based on the blockchain to exchange between cryptomoney and Fiat money without intermediates and low commissions.

Simple, Smart-contracts provide additional security to the all cryptocurrency exchange Process.

The Dapp StreamDesk is a person to person platform based on smart contract between two people who want to exchange between cryptocurrencies and Fiat money. StreamDesk is a automatic service with minimal commission and fair market price.