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RE: Hiring 1 Developer to Build a P2P Steem/USD Gateway!

in #budget7 years ago

Our primary purpose with this exchange is to empower users in places where no reliable option exists or where using Bitcoin first with often very high fees is the only option.

Amen to that @jerrybanfield! I've been ripped off several times already during the process of cashing-in and cashing-out of my small Steem/SBD earnings--not to mention the government is always wanting to scan my face every time I register for a local exchange services.

This initiative is very timely not only for the Steemit community but for the whole cryptocurrency community in general.

With all due respect to Bitcoin--I think it's about time for people to have a viable option to buy and sell cryptocurrency efficiently with zero transaction fee.

For us in the developing countries like the Philippines--who needs bank accounts and all those bullshit AML/KYC verification when you can have MTO services in every corner with near-instant payment processing. Although a bank account can be optional at times for those looking to trade peer-to-peer locally for maximum fee-less payment method similar to LocalBitcoins which offers a variety of Banks, MTO/Remittance and PayPal as a mode of payment.

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@introvertspeaks exactly thank you for giving a clear example of what we are looking to create and what it is needed because you sharing about the challenges cashing out in the Philippines along with AML/KYC being unnecessary where you are transacting with anyone outside the USA shows us clearly that when we think global, we see a huge need for a Steem/fiat exchange that is user to user!

YW! This is very important to me because my application for KYC approval at Coins.ph has been the worst experience I've ever had.

They kept rejecting my legal document again and again solely based on their incompetence to determine what is genuine identification material and what is not--despite the fact that I wholeheartedly sent them the original photograph.

Out of desperation, I diligently made a Google search to which I found out I can cash out anytime using the LocalBitcoins escrow service without having to submit anything and with higher buying rates than them (Coins.ph)--since I can choose which buyer offers the best price.

It is important to note though that an independent reputation score system will be in place outside of Steemit to properly tag those scammers who are just looking to make free money with their deceptive activity.

thanks for all the help

Living comments for the upvotes.

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