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RE: The last frontier: Decentralised exchanges
I never really thought about the lack of decentralized exchanges before. Very logical point. I'll check out Cobinhood.
I never really thought about the lack of decentralized exchanges before. Very logical point. I'll check out Cobinhood.
Cobinhood is interesting because it charges no fees for trading, which is pretty awesome. A decentralized, free to trade exchange would be amazing.
No fee sounds amazing.
I was thinking as little more about getting fiat to a decentralised exchange without going through a centralised exchange first.
Here's a thought. There are many pre-paid debit services that could be used for this purpose. Something like Skrill or Entropay can be used - you buy the code for a certain quantity of money at a retailer with cash. You then send the code to your decentralised exchange. The code releases the fiat to your exchange wallet. Voila - fiat converted to digital currency. Easy-peasy.
Even something like a pre-paid VISA or MasterCard could theoretically work and preserve anonymity.