In late January 2018, Streamity, a Singapore-based mostly startup with Russian roots, launched its cryptocurrency change app StreamDesk, which is ready to change numerous currencies from consumer to consumer with no middleman. The challenge is now engaged on creating the decentralized platform, which they declare, “will revolutionize the fashionable crypto trade market.”
Trying to the market
At the least as soon as, each cryptocurrency proprietor has confronted the identical drawback: the place to vary the cryptos to fiat? A whole lot of on-line exchanges have been launched over the past yr, however they don’t seem to be straightforward to cope with. The commissions are unreasonably excessive and the exchanges themselves usually are not secure, even the large ones might droop their work abruptly and even collapse, as was the case with BTC-e in August 2017 after the US authorities intervention.
Furthermore, presently, it’s inconceivable to ship a small quantity of funds via a lot of the present cryptocurrency change providers as they’ve launched minimal transaction quantities. Usually, this minimal transaction quantity obstructs customers who need to use the providers to provide small donations or purchase film tickets or on-line video games.
The Streamity group goals to get rid of the inconveniences of the prevailing cryptocurrency trade system. Its StreamDesk app will permit transactions as small as $2 to be despatched via its servers with virtually zero charges. The startup states that it is going to make the cryptocurrency, fiat cash trade course of utterly unbiased and safe because of using the sensible-contract structure and the API of cost techniques.
No extra ready for transactions
In line with the corporate’s web site, StreamDesk was designed to keep away from situations the place the trade is rendered inactive for…