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Author Topic: [ANN] [ROUND A of Sale] Ternion - hybrid crypto exchange with a fiat gateway  (Read 10263 times)
Rigorous
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October 11, 2018, 10:45:32 PM
 #1001

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.

In my opinion a high risk strategy because of the additional regulatory eyes, but I suppose you have to stand out from the crowd somehow.
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magisterr
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October 12, 2018, 12:38:10 AM
 #1002

No way operate with fiat will be mandatory, we're seeing everyday new stable coins pegged to dollar (and I just red that China and Japan want to create a stable coin pegged to yuan and yen)

But you cant sure in this new stable coins which making unknown companies. As i understand they will have real fiar currencies, not another stable coin tied to fiat?

.


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hicaribou
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October 12, 2018, 12:45:26 AM
 #1003

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.
About the fiat gateway, how many fiat currencies are they planning to cover/provide at least in Q3 2019? And is it in progress already?


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lvsca
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October 12, 2018, 02:57:57 AM
 #1004

No way operate with fiat will be mandatory, we're seeing everyday new stable coins pegged to dollar (and I just red that China and Japan want to create a stable coin pegged to yuan and yen)

But you cant sure in this new stable coins which making unknown companies. As i understand they will have real fiar currencies, not another stable coin tied to fiat?

did you mean USDT? there is different how it work between USDT and USD as far as i know. if they served USD deposit, you will directly deposit using CC or bank transfer and all track record from this deposit is on the bank, not in blockchain.

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levyashin
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October 12, 2018, 06:21:07 AM
 #1005

No way operate with fiat will be mandatory, we're seeing everyday new stable coins pegged to dollar (and I just red that China and Japan want to create a stable coin pegged to yuan and yen)

But you cant sure in this new stable coins which making unknown companies. As i understand they will have real fiar currencies, not another stable coin tied to fiat?

Well i hope so. Usdt fud already makes a great loss to the ecosystem. And i'm trying to avoid this pegged currencies i have no trust.

Real fiat currencies way better.

 
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Frank37
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October 12, 2018, 08:38:24 AM
 #1006

No way operate with fiat will be mandatory, we're seeing everyday new stable coins pegged to dollar (and I just red that China and Japan want to create a stable coin pegged to yuan and yen)

But you cant sure in this new stable coins which making unknown companies. As i understand they will have real fiar currencies, not another stable coin tied to fiat?

did you mean USDT? there is different how it work between USDT and USD as far as i know. if they served USD deposit, you will directly deposit using CC or bank transfer and all track record from this deposit is on the bank, not in blockchain.

You know right, USDT has nothing to do with USD, except the value. You cant withdraw $, if you own USDT on an exchange.


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magisterr
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October 12, 2018, 09:14:56 AM
 #1007

No way operate with fiat will be mandatory, we're seeing everyday new stable coins pegged to dollar (and I just red that China and Japan want to create a stable coin pegged to yuan and yen)

But you cant sure in this new stable coins which making unknown companies. As i understand they will have real fiar currencies, not another stable coin tied to fiat?

did you mean USDT? there is different how it work between USDT and USD as far as i know. if they served USD deposit, you will directly deposit using CC or bank transfer and all track record from this deposit is on the bank, not in blockchain.

By new stablecoin I mean coing from gemini, Polo wand many other which dont have trust. USDT old and trusted stablecoin (with some negative info about them). But I asked another. What they means by "fiat gateway" ?

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October 12, 2018, 09:17:55 AM
 #1008

No way operate with fiat will be mandatory, we're seeing everyday new stable coins pegged to dollar (and I just red that China and Japan want to create a stable coin pegged to yuan and yen)

But you cant sure in this new stable coins which making unknown companies. As i understand they will have real fiar currencies, not another stable coin tied to fiat?

did you mean USDT? there is different how it work between USDT and USD as far as i know. if they served USD deposit, you will directly deposit using CC or bank transfer and all track record from this deposit is on the bank, not in blockchain.

You know right, USDT has nothing to do with USD, except the value. You cant withdraw $, if you own USDT on an exchange.
Recently I was saw at Poloniex exchange new position regarding USDC, I do not know what exactly is different from USDT, maybe it's improved fork.
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October 12, 2018, 09:29:19 AM
 #1009

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.
About the fiat gateway, how many fiat currencies are they planning to cover/provide at least in Q3 2019? And is it in progress already?
One thing that can be said for sure is that there is a need for Fiat gateway, many investors are willing to invest, but they are not in a hurry to do this because intermediary exchanges have some fee.

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October 12, 2018, 10:19:54 AM
 #1010

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.
About the fiat gateway, how many fiat currencies are they planning to cover/provide at least in Q3 2019? And is it in progress already?
One thing that can be said for sure is that there is a need for Fiat gateway, many investors are willing to invest, but they are not in a hurry to do this because intermediary exchanges have some fee.

If they can eliminate the fiat gateway fee it will be industry changing project , but I guess it is not possible

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October 12, 2018, 10:50:06 AM
 #1011

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.

Currently, there are already a huge number of exchanges that offer work with fiat. So I see nothing revolutionary here. To be competitive they need to make a better interface, ease of use, working tech support, and provide very large volumes. It will be very difficult. High competition.

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hicaribou
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October 12, 2018, 11:37:05 AM
 #1012

If they can eliminate the fiat gateway fee it will be industry changing project , but I guess it is not possible
Yes of course.If there is no fee, then the system will not have any income and also cant pay for their operational costs.


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levyashin
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October 12, 2018, 12:23:10 PM
 #1013

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.

Currently, there are already a huge number of exchanges that offer work with fiat. So I see nothing revolutionary here. To be competitive they need to make a better interface, ease of use, working tech support, and provide very large volumes. It will be very difficult. High competition.

You are right. I think they can offer a great customer support which is lacking from all the exchanges.

If you have a problem, solving takes so long time on the exchanges.

 
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October 12, 2018, 12:32:09 PM
 #1014

nice to see Ternion actually thinking to expand towards cold storage and custodial accounts which is i think important to attract institutional users.


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October 12, 2018, 12:36:51 PM
 #1015

If they can eliminate the fiat gateway fee it will be industry changing project , but I guess it is not possible
Yes of course.If there is no fee, then the system will not have any income and also cant pay for their operational costs.

there are also transnational fees that are charged, so that's not the only way to make money.

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October 12, 2018, 12:51:13 PM
 #1016

If they can eliminate the fiat gateway fee it will be industry changing project , but I guess it is not possible
Yes of course.If there is no fee, then the system will not have any income and also cant pay for their operational costs.

there are also transnational fees that are charged, so that's not the only way to make money.

Stable coins are becoming so popular this year as ICO where the last year. I really hope that Ternion can bring a better handling of fiat money than what competitors are already doing.
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October 12, 2018, 12:59:05 PM
 #1017

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.
About the fiat gateway, how many fiat currencies are they planning to cover/provide at least in Q3 2019? And is it in progress already?

 I asked the same question a while back and they told that for starters USD and maybe Euro.



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October 12, 2018, 01:52:10 PM
 #1018

Yes i also think that the fiat gateway will be one the key of the sucess of ternion. It’s one of the most important feature for an exchange at the moment. It’s hard to developp and to build, not all exchanges can offer a fiat gateway to users.
About the fiat gateway, how many fiat currencies are they planning to cover/provide at least in Q3 2019? And is it in progress already?

 I asked the same question a while back and they told that for starters USD and maybe Euro.

There is great possibility of rapid expansion to other countries, and this will bring new currencies, but initially they intend only the Dolar and the Euro on the platform.

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October 12, 2018, 01:57:05 PM
 #1019

As more and more people come into the crypto space, then there is a need also for more and more exchanges. I like the name of the exchange and having the FIAT gateways will enable ease of access for many traders and we need this more than ever nowadays to make trading easier for newcomers as well. I will be very interested to watch the progress of this exchange how it all unfolds in the near future as I like to follow new exchanges and mark their progress.


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October 12, 2018, 02:51:33 PM
 #1020

Will this fiat gateway replace Changelly and Shapeshift ?  Not everyone has the convenience of fiat and crypto purchase if not from european countries

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