Every early adopter of cryptocurrency began with an exchange between fiat and coin/token, most likely it was bitcoin. Some transaction was done in physical presence of buyer and seller, the buyer being someone who want to exchange fiat (dollar or local currency) for cryptocurrency. Fast forward to 2012, companies started offering this services to users by allowing them to sell digital to prospective buyers in local currency. For instance, we have Remitano.com and Luno.com offering this service in many countries.

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Nevertheless, the internet is flooded with countless report of fraudulent peer-to-peer transaction in cryptospace. While local cryptocurrency exchangers promise some sort of security, they charge exorbitant fees for transaction in addition to unregulated market rate.

Need For Trustless Transaction Between Fiat-Cryptocurrency

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Streamity is a project focused on creating a powerful cryptocurrency exchange that includes broad ranges of services. _Whitepaper

Decentralization is the only language that scammers and trust abusers understand. Streamity will ensure two parties transaction without human intermediary. A foolproof contract in form of smart contract would guarantee seamless transaction. This will change P2P exchange forever.

Streamity Is Better Than Existing Solution

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Localbitcoin.com

• Pro: acts as matchmaker between two parties.
• Cons: transactions are not secured, exchange rate can be set and influenced by users and no preference for coin/token other than bitcoin.

Chagelly

• Pro: better than LocalBitcoins because it supports other cryptocurrencies.
• Con: Only USD is the accepted fiat currency and trust is based on credibility of users, which can be abused.

There are other services like Qvolta on the blockchain, they allow users to buy Bitcoin and Ethereum but there is no clarity as to how Qvolta smart contract would work. The project is in test mode as at time of this writing, and it has been like that forever.

Streamity's Edge

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Market rate will be determined by information from coin market and top exchanges, this is an automatic process and price rate is updated every hour to protect users. As if this is not enough, users would have opportunity to trade altcoins (alternative coins/tokens or bitcoin 2.0) with fiat, and there will be no transaction fee on fiat that is spent on StreamDesk.

Typical altcoin to fiat is altcoin>bitcoin/ethereum>fiat.
With Streamity, users can deal in altcoin------>fiat without delay. This grand concept ensures that money is saved in every fiat -altcoin and altcoin-fiat transaction.

I marvelled when I read this on page 22 of Whitepaper

Although we do not deal with fiat currency, it can be transferred directly between users.
Users can transfer fiat to their friends in Streamity ecosystem without fear, this is another way the organization is changing the game.

How Smart Contract Ensures Safety For Buyers and Sellers

Whitepaper

Request is made by buyer of good, which in this case, the good is cryptocurrency. After which requester obtain BUY status and information is sent to seller. Any user can accept request to sell if they are comfortable with current market rate, once acceptance button is triggered, status changes from BUY to PENDING CONFIRMATION.

Smart contract confirms availability of cryptocurrency in seller wallet, then check if sufficient amount of fiat is available in buyers wallet too. Once this is confirmed and transaction are triggered by both parties. StreamDesk smart contract settles both parties by sending cryptocurrency to buyer's wallet and fiat to seller's wallet. It is this fast and simple.

To ensure security and improve reputation of Streamity in faces of financial regulations, users are mandated to provide valid form of identification documents.

One-Stop Platform For Cryptocurrency Related Information and No Single Point Of Failure

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Is there anything that can trigger mass cryptocurrency adoption more than these?

Daily trading volume of Forex in 2017 was $5.1 trillion while cryptocurrency recorded less than $10 billion daily trading volume is the same year. This points to the fact that adoption is low. And according to expert analysis and prediction, cryptocurrency may enjoy similar volume by 2020.

with current adoption rate, this may not be achieved.

Streamity do not have any central storage, as digital assets are stored in users wallets, this makes it look unattractive to hackers.

There is a need for eliminating barriers to entry by making it possible for people to have one-stop portal where they can have access to all cryptocurrency related new, analysis, expert opinions, training and information. So if these are available amidst low fee transaction, more people will find it really cool to invest and trade cryptocurrency.

Low Barrier to Entry

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Everyone in the world, regardless of country or economic power, have access to some sort of fiat (paper money). This is already a universal ticket to join the world cryptocurrency users. A lot of prospective users do not find it interesting to buy coin because of volatile of base currencies such as Bitcoin and Ethereum in other to gain entry into the market. Why would you need buy highly speculative asset with another speculative one? This is the dilemma of new users. Allow everyone to use fiat is like giving everyone tickets to participate in current financial revolution.

Here is what @autofreak have to say about the project:

For more information about the project, kindly visit the Streamity website or join over 9,000 other users on telegram to participate in the ICO sale.

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