Conversion from tokens earned on Dapps to other currencies, both crypto or fiat, should be EASY before mass adoption

By Haiaty | Blockchain Enthusiast | 29 Jan 2019


 

One of the things that should be done in order to achieve mass adoption of cryptocurrency and Dapps is make the process of convert one currency, lets' say AMP, to another currency  EASY.

I mean, actually, if you want to convert the tokens earned in a Dapp like Hyperspace or publish0x to, lets's say Euro, you should:

- cash out to a exchange address where the token is listed
- if there is a pair token/Euro do the conversion and withdraw to your bank (not every exchange allows to withdraw to debit cards)
- if there is no pair token/Euro you should convert the token to Ethereum or bitcoin and them convert BTC/Euro or ETH/Euro and perform the withdraw.

(there are some taxes that should be paid in the process)

 Not everyone knows how to perform this steps.

Ideally there should be a multi wallet that do those steps for them and allows them to receive the crypto in their wallet or the euros in their bank or debit card with very lower fees.

Ideal scenario: i cash out from Hyperspace (or from any other Dapp) to this multi wallet app and them select the target currency that i want to convert and the app do it without problem and with very lower fees.

Do someone know if already exist a wallet that make this conversion easy?

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Haiaty
Haiaty

Here i'll talk about Blockchain and DLT technologies


Blockchain Enthusiast
Blockchain Enthusiast

A blog on everything related to blockchain and DLT technologies. Some topis: content economy, token economy, new projects, etc..

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