Are we ready to buy and sell Steem
Are we ready to buy and sell Steem with any fiat currency through peer to peer transactions without ever needing to leave the Steem blockchain or sign up for another exchange? While thousands of us said yes on the last post, we did not have a way to fund it in 2017. Today we do! Will you read the executive summary of this post below because it quickly explains how our gateway/exchange will work and how we will collaborate to build it?
Executive Summary!
The Problem and Solution! Getting started buying and selling cryptocurrency online is challenging. We have the opportunity to be the first blockchain to build a successful peer to peer fiat gateway/exchange with instant transactions and no fees. In other words, anyone with a Steem account will be able to use our application to buy and sell Steem directly with other users in any fiat currency like USD, EUR, KRW, etc.
No licensing or regulations are needed because our gateway with never touch any of the money. Functionally our application will be more like a dating app which helps people meet up while not actually participating in the date, sex, or marriage. Compliance with any financial regulations will be the responsibility of the users. Our application will assist both by educating users about what laws apply and by guiding transactions through the path of least regulatory resistance.
The key features of the app will include a trust score, private messaging, dynamic pricing, feedback system, and filters by location and payment method. Our application's key strength will be the ability to use nearly any established method of payment to buy Steem directly from another user with Steem. Exploitation by users is our key weakness ranging from fraudulent charge backs on PayPal to getting robbed on an in person cash transaction. Our features will help manage this limitation by guiding users to the safest transactions based on all of our trust signals.
Pay and Benefits? Each month, our chosen developer will earn the lesser of 1,000 Steem or $10,000 USD in Steem paid from @budgets as long as the developer is actively coding and improving the application. Additional perks of building this will include a witness vote from me, upvotes on updates from bids by @budgets, and 1 on 1 interviews.
How To Apply? To apply, join my discord server from https://jerrybanfield.com/contact/ and ask Michel Gerard who is @gmichelbkk on Steem to upgrade to the member role in order to gain access to the "steemf" channel where I am available to discuss getting started. For those of us wanting to play a support role such as doing graphics for the website or testing the first functional version prior to public release, we are welcome to join the channel as well while being asked to avoid chatting until the time for help is needed.
