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RE: The last frontier: Decentralised exchanges

in #cryptocurrency7 years ago

No, I do not know about any decentralized exchanges trading coin/USD, and it is a massive technical hurdle to create that, but I do believe it is possible. I do know a few centralized exchanges doing BTC/Tether (TUSD) which is similar, but not truly coin/fiat. Love the article!
Definitely giving you the follow and upvote!

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I wonder if an exchange could use a service like PayPal to act as the intermediary between fiat and crypto. Ultimately, there has to be some sort of centralized entity on the fiat end of the deal, but at least PayPal is one step further away.

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