Streamity wants to offer a easy to use exchange for Fiat Money to Cryptocurrency. Picture: https://streamity.org/

@originalworks just forwarded me a article about a new service on the Cryptocurrency Market that is upcoming and want to get notices on the internet. They will build upond a new Crypto currency and the ICO is planned to take place in the first quarter of 2018.

As the currencies are traded directly between the users of Streamity they want to keep the rates low. So it should be much cheaper to optain cryptocurrencies and smart media tokens via streamity than on other platforms at the moment. Because Streamity’s service is fair and completely transparent according to their website they will protect users from fraud when exchanging currencies and smart contracts. Because of the easy to use Smartphone App they will be able to transform smart contracts between two users, and should be much cheaper than the existing crypto currency exchanges available.

Problem with Speculation at the moment

If prices for exchanging FIAT money like US-Dollars or EUR fall and if you can obtain a certain stability of your currency then I think more and more users will use such a service for payment. The biggest problem of the existing Cryptocurrencies is the speculation on it so prices rise and fall every day giving no security to the customers like Fiat Money. In my opinion the most important thing is to get a stable price of the currency so nobody has to fear loosing money exchanging into your currency.

Stability and trust

I would propose the main thing a cryptocurrency has to offer is stability to price to gain trust in people using it for every day payments. At the moment Bitcoin and all the other cryptocurrencies don’t have price stability and this will stop ordinary people from investing into it or business owners accepting the coin. If you are able to create a crypto currency with a stable price compared to US-Dollars for example you’ll be the king, because your payment system could be used very easy also at payments in supermarkets, coffe shops and so on. But if we don’t have Price stability like today I think it is pretty difficult to do so. Maybe in some moth or even Years, Cryptocurrencies like Bitcoin and Ethereum gain a certain stable price and then your service will rise and gain popularity, but it’s still a long way to go.

this article was written by me as a part of the streamity writing contest.
Streamity

This contest was annouced by @OriginalWorks

What do you think about this service? Do you also think it is a bit to early for a service for this? Would you use it? tell me in the comments!

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