Next step of P2P cryptocurrency-fiat exchange evolution is coming! (x-post from /r/icocrypto)
The market of cryptocurrency exchange is developing slowly
Now the turnover of the cryptocurrency has reached an unthinkable scale. With everypassing month, the number of transactions becomes higher, not only the number of transactions using cryptocurrency, but also the number of people participating in these transactions is growing.It became interesting for people to exchange fiat currency to tokens, and then carry out exchange operations within the cryptocurrency ecosystem.
We observe an interesting trend, when global services for the exchange of cryptocurrency are in great demand, but the quality of the provision of services does not change for the better. Crypto community is allowed to be satisfied with such services as it is, without getting better to improve usability.
Emergence of problem solving
In response to consumer demand, Qvolta service appears, which is a global P2P exchange platform that allows users to quickly and easily convert cryptocurrencies into the fiat currencies, and vice versa. Qvolta has been created as a direct response to a huge market problem that exists in the global cryptocurrencies market. In the majority of countries around the world individuals are not able to quickly (within 5–10 minutes) and conveniently convert cryptocurrencies into fiat money. While some exchange platforms are available, most lack the scale and offer unsophisticated tech solutions, that lack security and are challenging and complicated to use.
In contract, Qvolta will provide individuals a reliable and convenient platform to quickly buy or sell cryptocurrencies with help of the most popular payment methods for the fiat currencies available in the country of his/her residence. Initially two cryptocurrencies will be available for the exchange — Bitcoin and Ethereuim, with later envisioned addition of Monero and other altcoins.
In order to ensure the best user experience as well as protect the users, Qvolta will act as a guarantor for the trades executed on the platform. Security will further be provided by services as Qvolta Wall and Qvolta Security. Qvolta solution will be available both as a desktop and mobile applications (iOS and Android).
Qvolta solution will provide a number of benefits over other exchanges in the market, ultimately offering an unparalleledvalue proposition for the users:
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Convenient & easy-to-use interface;
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Low commission rates and no hidden fees;
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Availability of mobile application, and easy integration for the user between desktop & mobile;
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Fast support for all of the operations, including dispute-resolution; and strong emphasis on 24/7 customer service;
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Guarantor system and high security of the platform;
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Global reach and presence in all countries globally.
A distinctive feature of the Qvolta is the unique tariff system. QVT Token in product will be used to pay for tariff plans. The trader will have to pay for tariff plan to start creating offer for sale/purchase of cryptocurrency on the P2P Qvolta exchange. Tariff plan depending on its value, allows to trade the cryptocurrency in the amount provided for by this tariff plan. All tokens are issued by the Singapore company Qvolta Pte.Ltd.
What about market competitors?
Qvolta’s key direct competitor is LocalBitcoins, a peer-to-peer marketplace that matches users wanting to buy or sell bitcoin. However, Qvolta has several advantages over LocalBitcoins:
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Low fees;
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Multiple cryptocurrencies available for exchange;
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High security & technology sophistication;
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Availablemobile application;
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Easy to use and attractive interface;
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No deposit of cryptocurrency for trades.
In total, Qvolta wins by five indicators from LocalBitcoins. And this is without taking into account that the application will be constantly upgraded and new altcoins, functions and capabilities will be added.
Future is near
Qvolta has great goals. Qvolta will launch in European Union, USA and Russia at first year, later in second year expand to the key customer markets of Latin America, then to Asia, Australia, other world at third year. Qvolta is going to achieve at least 50% market share in the P2P exchange sector and grow into the first platform of choice for both individual users as well as businesses.In general, in 2018 Qvolta will be a full-fledged financial ecosystem for businesses and individuals.
In the near future, people can exchange cryptocurrency to fiat quickly and safely with mobile applications. It will be a significant step for the global economic ecosystem!
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