The Un-Ex vision gets one step closer to reality today: the liquidity engine is operational!

The very first merchant transaction has today been successfully completed here on the Un-Ex!

• It was Australian (our local chapter is growing - tell your friends and do the same);
• This merchant (my business, Data Retriever) was paid in crypto for a product/service;
• The newly-received crypto was then offered on the Un-Ex Trade Tracker for conversion to fiat (AUD);
• The trade was successfully completed within hours of posting.
• =Happy Merchant (I received my payment in fiat and my books are balanced)
• =Happy Trader (a TT obtained UNO at current prices without fees)!

Trusted Traders, consider pledging liquidity in your available fiat currency as your resources allow and watch the utility of this simple mechanism grow as more merchants (sellers of goods and services) can find an active, local and trusted exchange ready to help them accept cryptocoins without interruption to their operations. Today, we're on the Bitcointalk forum and using a shared online spreadsheet. Tomorrow, watch us grow!

UNO has been sent and bank account details emailed. Thanks IMZ!

DataRetriever trade offer: 30.5kg UNO for AUD$85.00

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(This is cragv's Un-Ex 'merchant' account that will be used for all business transactions involving cryptocurrencies here on the Un-Ex. Future merchants (ie. businesses large and small) who wish to accept cryptos as payment will be able to make an account on the Un-Ex and then list a trade here. The aim is that they'll be able to quickly swap cryptos for fiat currency with the help of our Liquidity Engine.

See the Trade Tracker for the first of such transactions. You'll see this new user is colored Red on the tracker. I'm maintaining a list of merchant accounts who join here in the forum so that when they list a trade on the tracker, they'll automatically be hi-lighted for speedy attention. This is where IMZ's $250 liquidity pledge is useful (see his daily posts, at the bottom).

I'm offering to sell the 30.5kg UNO I've just received in exchange for AUD$85. Obviously, any transaction involving fiat currencies will be better facilitated by a Un-Ex TT member in the same country as the merchant. For this first test run, IMZ Mark will take my offer and hey, presto: I'll have fiat currency for the sale I've just made with cryptos!)