Although we have witnessed a growth of the industry of buying and selling cryptocurrencies in the recent years, the industry in still in its infancy. Moreover, the existing Peer to Peer cryptocurrency exchanges, often have relatively high fees, support a limited number cryptocurrencies and do not allow crypto-to-crypto trading. Furthermore the existing exchanges have very basic and difficult to understand user experience design (UX) and user interface design (UI), lack support for iPhone and Android apps, have weak information security, offer expensive or non-existent dispute resolution support, are based on slow and rigid processes, cover limited payment methods, and have limited availability.
Since there are only two major P2P Exchanges in the market, professional traders and casual users are left with no alternative option for an overall better Peer to Peer trading experience.
In BitValve, we will create a P2P Exchange platform, with key advantages that will change the way people trade Peer to Peer, by combining all the advantages of the current exchanges and addressing the disadvantages that keep the market from reaching its full potential. The Platform will target not only professional traders, but also normal users who just want to exchange their coins for fiat or for other cryptos in a quick, cheap and efficient way.
Our idea is that every person in the world would be able to access, buy and sell, their favourite cryptocurrency by using any payment method available, whether it is fiat or cryptocurrency, and trading directly with other users. The Platform will ensure the security of the transaction by acting as a trusted escrow service. Furthermore, the Platform will have a positive effect on the countries that are currently facing a financial crisis, such as Venezuela, by giving their people the option for alternative, decentralized and instant trading.
This White Paper contains a detailed explanation of the Platform and the associated BTV tokens. The Company’s team hopes you will enjoy reading it.