Streamity Bridging the Cryptocurrency divide

animaya (55)in #cryptocurrency • 6 years ago (edited)

The cryptocurrency universe is exploding at an exponential rate. Everyday there are new coins and projects being launched. Just consider these numbers there are 2.4 Billion internet users and currently there are over 20 million users of cryptocurrency and this number is growing fast.
So what is the problem?
The problem is that people need to exchange their money all the time. So there is a need to be able to exchange the fiat currencies with cryptocurrencies. However there are 2 distinct shortcomings on this front. One there are not many exchanges that do such an exchange and secondly the rates at which these exchanges let you do a conversion from fiat to crypto are generally tipped towards the price of the crypto. So one may end up paying a hefty premium over the current market price of crypto. On top of it there is a big fee that the exchange charges the user. The process of doing such an exchange is complicated and not easy to follow by the user.
On one side some amazing blockchain and cryptocurrency powered projests are being floated all the time.
This means that there are lots of opportunities to make use of some amazing investment opportunities provided you have the means and the knowledge to carry out these transactions.

This creates the need to mind the gap

To cater to this need Streamity arrives on the scene
Streamity is a decentralized marketplace where anyone can do a two way exchange that is buy crypto by paying fiat or pay with crypto to get local money.

Another very important void that Streamity would fulfill is that of educating people about how they can carry out these fiat- cryptocurrency exchanges. Hopefully by way these educational sessions other doubts related to cryptocurrency would also be sorted out.

This way people would be able to make informed decisions about cryptocurrencies and carry out buy and sell transactions.

The Streamdesk team has done due diligence about current market players and have come up with a plan to create a decentralized platform to convert fiat and cryptocurrency. It plans to achieve a high degree of security in a fiat to cryptocurrency exchange transaction to do so it world use its own STM tokens.

The flow of a transaction would be as follows

This process would be executed with the help of the STM tokens.
Apart from the internal usage StreamDesk team is plannig to list these tokens on external exchanges like Poloniex and Bittrex.

The stramDesk platform is designed to fuilfill the void in the cryptocurrency-to-fiat conversion platmorms space. It would be performing better then the current cryptocurrency exchange providers. Lets see how do they compare