FIAT currencies on DEX

[MCobian]

It is very unlikely that it will happen to see fiat on the DEX, because fiat is definitely listed on the centralized exchanges. Because if DEX want to have
fiat on their platform, they need a KYC procedure and a license from the government, which DEX is a decentralized platform and doesn't support
the procedures required by fiat. Because after all DEX is the opposite of fiat, it would not be possible to see fiat on DEX.

[Coyster]

Don't rely on exchanges not to sell us out, we all know how badly exchange are licking the government ass just to get want they want.

That's the more reason why the feature OP is postulating isn't even advisable, centralized exchanges even though it is user-friendly also has its own disadvantages on the basis of privacy (users must submit KYC documents), as users information can be handed over to the government at their request. Thhat act in itself counters decentralization, but it is what it is, and that's why they are called 'centralized' exchanges, controlled by a third party, thus users should not store their coins in web wallet of a centralized exchanges as "if it's not your keys, it's not your coins". Having said that, dex users wouldn't want dex exchanges to have any form of centralized feature which OP's suggestion would create.

[criket]

looks like this idea wouldn't be the better one to apply to DEX. it is too risky for DEX users to deal directly with DEX, especially if they have to link our accounts directly to DEX., to be honest, this is very risky for a scammer.
The question is, what regulations and networks can they use to regulate such transactions?

[aryana42]

Is it necessary and useful in this space, if so I am sure many people have already done it. For some reason it's unnecessary and moreover we need fiat or crypto, I think people won't take time to join this space to trade them, the general nature is to seek profit in The market and fiat are only a very small part.

Basically Fiat and Crypto are both needed because some people want to buy crypto coins by using some fiat through their own accounts, but for Dex I don't think it's necessary because in Dex there are already a lot of coins and tokens that can be used and can also be exchanged via another exchange if someone needs Fiat.

[goaldigger]

FIAT currencies on DEX are incompatible things in my opinion. Most likely there will be some kind of additional aggregator-provider between such a DEX exchange, but it will already look like an ordinary centralized exchange.

Not unless DEX will innovate something that allows this things, but right now this is not possible to happen and there's a lot of barriers for DEX to accept fiat currency because they are decentralized. Cryptocurrency is here to give financial access to those who are not able to open account with the banks, but there's always a limitation especially between fiat money and cryptocurrency. we already have CEX who works with the government, that's already enough for us to use fiat currency to buy crypto.

[santiPOGI]

In my own little of understanding, Most of the DEX platform their listed coins mostly are of course altcoins or crypto.
While centralized exchange platform they are more focus into fiat currency if I am not mistaken while DEX is the opposite
of centralized. In short, centralized are based regulatory while DEX is not.

[paxmao]

After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.

This would also allow greater accessibility to the entire cryptospace.

I know of a project that works on this but before I reveal it I would like to have your neutral views on this.

I am afraid that this would have to deal with a gigantic bright red tape from governments across the world, and particularly of the most influential one - USA. Exchanging fiat on a DEX would firstly require to have digital fiat chains which as of now are only being considered and not very well liked..

For now, DEX for fiat are out of question. At most, it could be stablecoins, which are not the same at all in terms of risk.

[Gozie51]

I know of a project that works on this but before I reveal it I would like to have your neutral views on this.

To look at it from another different view although you are yet to respond to what users have commented. Are you like looking at fiat/stable coin. Stable coin are pegged using fiat value, I don't know if this can also work in dex but I'm just thinking what could be in your mind.

[Cappex]

After seeing exchanges become banks, I believe that the next step of decentralized exchanges (DEX) such as Uniswap or even the same Binance or a more recent Orion Protocol is to introduce atomic swaps Fiat/Crypto.
Besides trading I think we could see the dollar or euro etc... being used to provide liquidity for example.

This would also allow greater accessibility to the entire cryptospace.

I know of a project that works on this but before I reveal it I would like to have your neutral views on this.

See this data
https://usdonethereum.com/
decentralized exchanges won't work with fiat.
These exchanges use tokens (stablecoins) from other projects to provide liquidity.
Many projects wanted to make a secure stablecoin. The main categories of stablecoins can be found here
https://bitcointalk.org/index.php?topic=5280287

I will wait for a link to your project

hello, I invite you to watch this video so as to have clear ideas about what is coming with Nimiq OASIS, the project is supported by the German bank TEN31Bank and OASIS is live in beta and through a smart contract you can send Fiat currency and receive crypto directly in your wallet... this opens up endless possibilities and certainly facilitates mass adoption.
https://www.youtube.com/watch?v=ab8-bcsg0K8