STREAMITY: The best platform to protect both buyers and sellers from fraud by utilizing smart contracts to escrow transactions.

Since crypto currencies transactions are irreversible, scammers and fraudsters find them useful because people can collect payments and not deliver. Also, most of the major exchanges for buying and selling crypto currencies exist on centralized platform, meaning all the information for users is stored in one centralized location and prone to attack by fraudsters. But the good news is that Streamity is here to solve this problem

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Streamity is a decentralised crypto currencies exchanger that has come to eliminate the frustration and problems experience by users in buying and selling crypto currencies.
Streamity also eliminates verification problem and help reduce risk attached to P2P transaction. It is the first decentralised platform for cryto currencies exchanger with FIAT money

Streamity designed Streamdesk which allows buyers to enter into smart contract with a seller. This eliminates P2P transaction which is not trustworthy and help prevent fraud. This is done in way that both buyers and sellers have direct communication and transaction with each others when buying and selling crypto currencies.

For example

If Ben wants to purchase crypto currencies from Stephen, but due to lack of trust and fear of fraud, Ben wants Stephen to send the crypto currencies first before making payment while Stephen also wants Ben to make payment first before transferring the crypto currencies. Due to this disagreement, a trusted third party will be initiated into the transaction to gain a neutral ground before such transaction can take place. But with Streamdesk, the issue of sending money first or sending cryptocurrencies or introducing a trusted third party who may even scam both parties is eliminated. Both parties can enter into a smart contract with each other using Streamdesk to escrow the transaction. What this mean is that, if Ben sends the money but Stephen has not transfered the cryptocurrencies, Ben will still have full control over the money sent until Stephen transfers the crypto currencies. Immediately Stephen transfers it, Streamdesk will automatically initiates the transaction to both parties at the same time. By this way, there won't be need for a third party and there won't be a chance to perpetuate fraudulent act.

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Benefits of Streamity over other exchanges include:

1. It enables users trade without intermediaries (i.e exchange is between buyers and sellers directly)
2. It provides maximum securities to transactions
3. It provides minimum fees of transacting compared to other exchange platform
4. It guarantee fair transactions
5. It make use if smart contract which expands the ecosystem and help prevent buyers and sellers from fraud.

Reason to transact with Streamity

Trust

There are no regulations in place or clear guidelines/procedures/ legislation for crypto currencies, and the space lacks authentic independent analysis which makes it hard for the public and other stakeholders to adopt it, and even more difficult to know where to turn when things go wrong.

Complicated Process Of Buуіng/Sеllіng Сrуptосurrеnсіеs

Most P2P platforms work only with ВТС and ЕТН. When buуing/sеlling other сrурtосurrеnсіеs, first thing to be done is to exchange them for ВТС or ЕТН, and then exchange for fіat money. At each stage user loses funds while paying fees (which can meet the threshold of 10%).

This is why you need a decentralised platform like Streamity to avoid fraudulent transactions and complicated process of buying and selling cryptocurrencies

For more information watch this short introduction:

More Information & Resources:

Streamity Website
Streamity OnePager
Streamity WhitePaper
Streamity YouTube
Streamity Facebook
Streamity Medium
Streamity Twitter
Streamity Telegram
Streamity BitcoinTalk

This article has been submitted in response to the contest posted by @originalworks here

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