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RE: Cryptov8 [CRV8] - The Need of Time - Bringing Banking into Blockchain
Sorry to state the obvious but wasn't the whole point of cryptocurrency to do without banks? Still looks like a middleman is very much in effect. I do like the idea of going from fiat to desired coin but can they really pull it off? Cause it looks like they will promise ALL fiat but when they launch, ALL becomes £$€ only. What about other countries? If we have to convert to USD first before trading it's pretty much the same thing as buying BTC first.
If they can guarantee all or almost all currencies will be supported then we are looking at a very successful venture.
Middlemen's will always be there. Exchanges are middlemen's too. The problem is not middlemen the problem is the way they go about it.
I think so. My verdict is positive. The rest is for them to prove. But do know that in projects like this that deals with regulatory authorities, there are sometimes unexpected hiccups. But that doesn't count towards team failure.
True, but do remember that there are certain cost involved to those gateways so projects usually run the profitable coins in the beginning and then keeps adding coins. That's a standard procedure. You can't just support all from day 1. Takes time.
Initially, UK will be covered and then will take on the rest of regions.