The digital currency market has established itself as one of the alternatives to the world economy that currently exists. Although today we can see how many people have become big financiers, there are others who are very suspicious of the use and investment in this type of virtual market.

Now, the problem in this type of virtual market is how to convert your digital currency into tangible currency, and how to exchange digital currencies, in a reliable, fast and uncomplicated way. In response to this problem, Streamity was born that develops a service such as StreamDesk that is used for the purchase, sale and exchange of person to person (P2P) of digital currencies without the need of intermediaries and with the best rates. This with the aim of bringing the market of cryptocurrencies to the access of the whole world, facilitating transactions and promoting investment.

Benefit of using the Streamity application

• There will be a direct connection between buyer and seller, that is, without intermediaries.

• Use the Smart-contract platform.

• They are based on the KCY Know Your Costumer principles, to avoid money laundering or possible scams.

• The most important and what makes it different from the others is that their commissions will only be in a range between 0% to 2%.

The smart contract system guarantees security for both the buyer and the seller.

Smart contracts have the ability to be fulfilled automatically once the parties have agreed to the terms. This contract is an agreement in which the parties agree to comply with a series of conditions and their fundamental elements are the same.

They are based on a computer program written in virtual code, a software that is programmed to carry out a series of tasks according to the instructions previously entered. The computer manipulation is discarded that is created under the blockchain technology that allows the transfer of digital data with a very sophisticated coding and in a safe way.

In my case, for example, every time I need to change my virtual currencies I resort as usual to an intermediary who charges me high fees for the procedure. I also use a service that in addition to charging even higher fees there is the possibility that I may be a victim of a scam because they do not use smart contracts.

How does it work?

As we can see this application seeks to be as transparent as possible and here is an example of how this StreamDesk works.

Let's say that Olivia wants to buy X amount of bitcoin to William in dollars within the application StreamDesk. Olivia and William use the smart contract platform to establish the conditions of purchase and sale. They deposit the funds, Olivia the dollars and William the Bitcoin. Then the intelligent contract will act without the need of intermediaries and will carry out the previously established instructions to the letter without both parties being able to intervene. Olivia will get the bitcoins and William will get the dollars. So easy and simple.

Streamity helps massive cryptocurrency adopcion

The way that this project will help the addition of cryptocurrencies is through its own Tokens, the STMs. These will be the internal currency of the platform which can be used to acquire any of the services. It will establish a low price to make it tentative to users and the more STM you get better privileges you will have on the platform, like even lower commissions.

Finally, we can say that the idea is wonderful that it will be beneficial for all of us who participate in the world of cryptocurrencies, but it also fills us with expectations and many questions, this is why workshops, courses, forums and conferences should be held to help understand the project, where experts in the field share their knowledge and experiences.

Pages consulted

https://www.criptonoticias.com/informacion/que-son-los-contratos-inteligentes/
https://criptotendencia.com/2018/03/12/plataforma-de-intercambio-de-streamity-inicia-su-ico-principal-el-12-de-marzo/
https://www.imnovation-hub.com/es/transformacion-digital/que-es-blockchain-y-como-funciona-esta-tecnologia/
Streamity Website
Streamity OnePager
Streamity WhitePaper
Streamity YouTube
Streamity Twitter

Source of the images

https://steemkr.com/@baperstrong
https://steemit.com/streamity/@bountyico/streamity-platform-overview
https://medium.com/@streamityorg/stm-tokens-distribution-2cf73dfe8ff6
https://steemit.com/cryptocurrency/@tonie/streamity-or-a-secure-decentralized-cryptocurrency-exchanger

By @norkamoran

streamity2018