~ I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Just drop it here or ask an official representative to create ANN on exchange dedicated board. 
Topic: FIAT currencies on DEX - page 2. (Read 244 times)
Is there any Bisq user here to refute all these claims that DEX shouldn't have a fiat pair? Bisq is widely known as the only true DEX on the market and yet they have most (if not all) fiats if you look at their BTC trading pair. USD, GBP, EUR, AUD, CAD you name it.
After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Once fiat is considered tradeable on dex. This is no longer considered as decentralized since they incorporate the use of fiat money. These money are regulated and we all knew once it set foot on the crypto dexes it will become a centralized platform already regardless the feature it looks or running as a decentralized platform. It will be gone, even with a smoothest feature they have.Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Dex is all about freedom and inserting fist into scene especially on liquidity and might as well loans means it already evolve to a cex.
After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
You miss a point to be eligible using those swap features from fiat to crypto and vice versa. Finish your KYC first.Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
Binance is very friendly to crypto users and they don't require a mandatory KYC for all users. If you don't want to file your identity documents for KYC, you are still free to use Binance but only won't be allowed to withdraw more than 2 BTC each day.
For swap, or P2P Binance, you are mandatory forced to do KYC. Use it or not, it depends on you. Honestly, I am not big fan of sort of people who store all money in one platform. I trade on Binance every day but I don't stick all my life and funds to it. If I want to sell my crypto to my fiat, I will do it in other platforms or through local Peer to peer trade.
When you stick all activities on one platform, risks will be higher.
The swap from Fiat to crypto requires exchanges have to bind with local laws and central banks. It is not good.
After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
As long it doesn't go against the main function of DEX, which is decentralized then I will say it will be an edge to people that don't want to transfer their money to some local wallet and cash it out. Because if a DEX will introduce such features they will directly withdraw money to their bank accounts and nothing more. I am using a wallet which offers instant swapping to our own currency, but this feature is only available in BTC, Eth,BCH and XRP.
This is not the essence of DEX and if they do accept FIAT money, what kind of network they’ll use since they are not regulated and this can become a place for scammers to create their own Fiat money which is too risky.
In a growing market of cryptocurrency, having a pair of FIAT/CRYPTO makes it more convenient to buy cryptocurrency and since we are using bank accounts to for this kind of transaction, its too risky to used DEX and your bank account might be put on freeze, so I don’t think this will work.
In a growing market of cryptocurrency, having a pair of FIAT/CRYPTO makes it more convenient to buy cryptocurrency and since we are using bank accounts to for this kind of transaction, its too risky to used DEX and your bank account might be put on freeze, so I don’t think this will work.
would trust a centralised exchange when it comes to fiat. hard to rely on DEX when you are talking about involving your bank account. and yes, in the first place how are they going to implement it in their system? very far that visa or mastercard or any other financial institution that will support a DEX.
This is not the essence of DEX and if they do accept FIAT money, what kind of network they’ll use since they are not regulated and this can become a place for scammers to create their own Fiat money which is too risky.
In a growing market of cryptocurrency, having a pair of FIAT/CRYPTO makes it more convenient to buy cryptocurrency and since we are using bank accounts to for this kind of transaction, its too risky to used DEX and your bank account might be put on freeze, so I don’t think this will work.
In a growing market of cryptocurrency, having a pair of FIAT/CRYPTO makes it more convenient to buy cryptocurrency and since we are using bank accounts to for this kind of transaction, its too risky to used DEX and your bank account might be put on freeze, so I don’t think this will work.
I don't even think that why happen and why? when the centralized exchange site wanna make the fiat available to be traded on its service and that will always need a license. I don't even believe if those decentralized exchange sites wanna try to apply to the regulators for license approval to be able to trade the fiat currency. I think that you understand it in the wrong way dude.
We have tokenized fiat currency and it's far better rather than use direct fiat currency
We have tokenized fiat currency and it's far better rather than use direct fiat currency
Centralized exchanges only support fiat currencies on their platforms because they want to onboard as much users as possible including retail customers that's why they make numerous fiat options available to accommodate the needs.
After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
I don't think this would be a necessary feature for decentralized exchanges. As they can still participate in crypto without needing to directly interact with fiat in order to buy crypto or they can patronize those tokenized fiat currencies and what's good is that these things get better by every passing day.
I don't even think that why happen and why? when the centralized exchange site wanna make the fiat available to be traded on its service and that will always need a license. I don't even believe if those decentralized exchange sites wanna try to apply to the regulators for license approval to be able to trade the fiat currency. I think that you understand it in the wrong way dude.
We have tokenized fiat currency and it's far better rather than use direct fiat currency
We have tokenized fiat currency and it's far better rather than use direct fiat currency
After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.
This would also allow greater accessibility to the entire cryptospace.
I know of a project that works on this but before I reveal it I would like to have your neutral views on this.
Jump to: