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Author Topic: Binance about to offer Fiat-Crypto Trading.  (Read 352 times)
d0flaming0
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August 03, 2018, 12:45:53 AM
 #101

Uganda is a very interesting market, with only about 11% of the population having a bank account. It will be a big challenge for us, but also an opportunity to apply for electronic money as a form of currency. This is an interesting test, Africa is a big market.
it's true they are good market for e-money, but I don't think so for crypto currency?
they would probably be more interested in e-money in the form of their own national currency
how would you target unbanked people to get into "Fiat-Crypto Trading"?
to be able to do that, they need to have (access to) bank account to begin with
they are unbanked for some reasons and trading is not a good reason to get them banked Undecided
yes i guess so. i don't think it will be approproate for them to have that kind of reasoning. it would also be unfair for them and most probably they will complain or not like how the idea is going on. if we carefully think about this scenario there are some other ways to let them enter trading not only with the reason of banking and other stuffs.

  
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darewaller
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August 03, 2018, 11:27:56 AM
 #102


Most big exchanger right now start to launch accepting fiat. When G20 country member regulate cryptocurrency, I am believe most exchanger will accepting fiat to trade crypto in their platform.
If Fiat accepted in any big exchanger, its good progress for cryptocurrency market and will increasing transaction volume in market. Hopely attracting new investor in market
Yes man you’re right. Other platforms are going to follow up immediately, because any platform that doesn’t follow up immediately is definitely going to be among the losers in the game. Lots of customers/ their platform users will be looking for a way to switch to the big platforms that are offering the fiat–crypto trading. And this is the best move that Binance is taking right now.

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August 04, 2018, 12:06:53 PM
 #103

That’s one of the reason why I like Binance, always different and amazing people. I believe that about 80% to 90% of their customers /Platform users will like this idea of allowing fiat/crypto trading. Although there have been some binary trading platforms that were offering that option, but it’s good to have it from one of our owns. Quite a good idea and I’m in support of it.
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August 04, 2018, 01:31:23 PM
 #104

I think this is positive news.
Binance offering fiat to crypto trade pair , will spur the trooping in of new investors /traders.
Which will increase mass adoption of cryptocurrency.
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August 04, 2018, 02:04:36 PM
 #105

I think it would be great should it happen.
It would enable onlookers to own any cryptocurrency of their choice seamlessly .
It would also save time and reduce transaction cost.
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August 04, 2018, 02:43:24 PM
 #106

I think this is positive news.
Binance offering fiat to crypto trade pair , will spur the trooping in of new investors /traders.
Which will increase mass adoption of cryptocurrency.

But it will have a cost. People will have to verify their Id before to be able to make the deposits/withdraw in fiat. It won't come without a "sacrifice". In the end, it isn't making something different from other exchanges. And sorry but it's not the type of thing that will increase the mass adoption like you say.

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August 04, 2018, 05:13:52 PM
 #107

It is very interesting to hear and read news like this. The world will one day accept Crypto looking at the way things are going. I am always optimistic that cryptocurrency is the future of the younger generation as blockchain technology is currently on the increase. 

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Damn3d
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August 04, 2018, 10:01:56 PM
 #108

Somebody should do that first and I'm not amazed that the Binance is first to start that exchanging process because we know that Binance is one of the top platform for cryptocurrency exchange in the world that will know right now.

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