Bitcoin SV Forum

Research P2P Altcoin Exchange? (English)

by 100kinvesting, Monday, April 05, 2021, 00:03 ()

I'm doing some market research, and looking for feedback. Thanks for your time! Let me clarify: *There is NO EXCHANGE!* There is nothing to advertise. I'm reaching out to the community, to see if this is something the community would be interested in, or to not pursue. In order to get feedback, I'll need to provide some details, so that people can provide feedback.

What I'm researching is would people be interested in the launch of a Peer 2 Peer [p2p] exchange, between users. It focuses on various altcoins--coins other than BTC and ETH--with various payment options like gift cards, skrill, debit/credit, cash app, etc. Example: the buyer is looking to buy an altcoin with a gift card, a seller accepts gift cards, and they conduct the transaction via escrow.

This would be actual P2P: no order books, charts, or other things like a DEX; actual P2P like Paxful or LocalBitcoins; BTC and ETH would be included, but the focus would be on altcoins.

From what I've seen, P2Ps either focus mostly on BTC & ETH, with maybe a few other tokens, or they are niches that focus on one coin, or converting BTC with the specific coin.

I'm thinking of starting a P2P with 10 - 30 coins, including BSV, and expand based on crowd feedback.

Would this be of interest?

Research P2P Altcoin Exchange?

by kuopassa, Finland, Monday, April 05, 2021, 03:49 () @ 100kinvesting

Thanks for trying to get feedback for your plans from BSV Forum. You might get more replies from Twetch.app, but there's "quantity over quality" mentality, as I'll demonstrate by writing here a more thought-through answer than what you'll get from anywhere else. 😉

I think it's important to have as many bridges between different altcoins. The bridge you're planning is a technical and a marketing challenge. The technical part is to create a service where different payment options are accepted, and that supports many altcoins. It's like building a website that converts currency A's exchange rate to currency B. It's easy if there's just A and B, but the more of the alphabet is added, the more complexity... With the part about payment options, Anypay* looks really interesting, but it's not covering the whole range of payment options you'd like to have.

Marketing: if you build a service, like this BSV Forum, it can be functionally quite good, but that doesn't guarantee it's going to be popular. Lol, this forum is a real-life example of that.

*) Anypay: https://anypayinc.com