Introducing Demystify – Demystify – Medium

Introducing Demystify – Demystify – Medium

Cryptocurrency Gift Cards

Our vision:

Our main goal is to make blockchain technology available, clear and appealing to the mainstream. At Demystify, we envision a future with absolute freedom of cryptocurrency. We want to bridge the gap between the general public and cryptocurrencies.

The problem:

The average consumer needs a way for cheap, fast, and most importantly, easy entrance to the cryptocurrency market. There are many people who are hesitant because of the complexities. Most consumers who would try crypto for the first time resort to contacting a friend, buying it from an ATM , an online vendors like coinbase or an exchange. These ways impose:

1) High fees ( ATM’s, coinbase).

2) “Full KYC and technical abilities” (exchanges); which means delays and complicated user experience.

3) Limited accessibility (ATM’s) : location is restricted.

The solution:

Demystify is an “entry point” for consumers to buy cryptocurrencies through “gift cards”. The purchased cryptocurrencies are available in an integrated wallet within the application. An “Arbitrage algorithm” allows buying cryptocurrencies at the cheapest price offered at the global market. The proposed solution addresses the mentioned concerns:

1) Cost effective: Our “Arbitrage algorithm” screens the market (there are currently about 400 exchanges worldwide selling different cryptocurrencies) and would find the cheapest price for the selected crypto.

2) Fast: The customer can create a profile in a few seconds, then without KYC delays (Know Your Client) can purchase crypto. (FYI: considering certain conditions and restrictions)

3) Easy: The application is accessible to the average client. Basically, just with few clicks and the purchase is made. The customer doesn’t have to worry about: price fluctuation, how to get verified and access an exchange, how to bid for the best price, to which wallet to transfer the purchased cryptocurrency ..etc.

By the combination of the “arbitrage algorithm, “the use of a tangible product like gift cards” and “integrated Wallets” Demystify offers an elegant solution for the discussed issues.

Published at Tue, 10 Sep 2019 18:52:35 +0000

Bitcoin Pic Of The Moment
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By trendingtopics on 2019-03-21 07:38:50