A Better experience of P2P Transactions,STREAMITY
Image credited to Streamity
Introduction
Bitcoin, one of the most favorite cryptocurrency to be invested by Singaporeans in Singapore. It can be proved by watching how much of the people is queuing in front of the Bitcoin Atm Machine at Hong Lim Complex at Chinatown when the price of Bitcoin soars!
However, there are still some of worries when they are investing in Bitcoin. One of the worries for them is how to convert their bitcoin back to fiat money(Sgd) as the Robocoin atm machine at Bartini Kitchen in Boon Tat Street had shut down!
So they have to go to LocalBitcoin.com and paxful.com to sell out their bitcoin unconveniently. As on these platform, they will be facing quite a lot of risks and uncertainties,as instance,liquidity risk(required a high transaction fee) and counterparty risk(counterparty may be trying to scam money from sellers.)
Introducing Streamity
Luckily, Streamity, a brand new exchange platform is here to safe most of the people facing the same problems. It provides a more easier and convenient way to exchange between cryptocurrency and fiat money!
Advantage of using Streamity:
- On Streamity, there is an attractive feature, which is the smart contract. It protects both the purchaser and seller. If the purchaser has been transferred fiat money to the seller's account, the payment system will detect the signal and it will activate the smart contract. Purchaser will automatically receives cryptocurrency.
Conversely, it also protects sellers at the same time.If the purchaser does not transfer fiat money to the seller's account when he has receive the cryptocurrency within a time frame,the smart contract will be activated and cryptocurrency will be sent back to the seller's account.
- It has a lower cost and faster if compared with the P2P!
Feel interested? Watch a short video here for a better understanding!
I really appreciate you spending your precious time to read my article!As usual, feel free to comment below to interact with me!
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Hello, we are Project Araneobit - money transfer system based on the blockchain. The Commission for money transfer is set independently.
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