I can't fault your enthusiasm, Jerry. Others have a point though, the regulation of fiat is the issue, not just for steem but for crypto in general. There are no shortage of exchanges, so there is no point in reinventing the wheel. Not to mention even if three or four devs can put this together, will it be secure? Just look at nicehash...it will take more than a few thousand dollars a month to put together a team capable of doing this safely.

A mutually beneficial partnership, with an existing licensed and well funded exchange like bitstamp for example, would achieve the same goals (at least for Europeans) but I suspect that idea would have to come from the steemit inc. rather than the community to be taken seriously.

Guys, what is with the down votes? The guy is trying, please just point out the issues with an idea in a constructive way and move on.