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RE: Necessity is the mother of all invention - P2P crypto currency exchanges
but even P2P services like WazirX is issuing notices regarding problems with their banking partner!
but even P2P services like WazirX is issuing notices regarding problems with their banking partner!
The p2p will be in an entirely different mode. The exchange will just provide the listing and will charge a fee. The Financial transaction will take place between the end users.
I understand. but why this exchange is then issuing notices like this? Any idea? they claim to be p2p. just opened an account recently.
Do you remember how flipkart and amazon over night became market places ? ie instead of directly selling products as flipkart and amazon, they created or supported entities who then became their largest retailers. I the flipkart one is called Eretail or so and the amazon one is cloudtail. In short on a P2P exchange also the biggest buyers and sellers are going to be the exchange itself until there is momentum. The seed fund will mostly be used to create transactions and signup users to bring in more users. So in these cases their primary accounts may get shut down bringing the entire transactions on the exchange to standstill.
Thanks man! That is a great point. :)
the flipkart retailer is WS_Retail.
I think I write about P2P exchanges next :)
:)