Estimated reading time: 2 minutes, 2 seconds
This episode of Blockchain Token – What is it? covers Qash! In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now. We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.
Around this time Quoine introduced Qryptos, a decentralized exchange that is part of the parent blockchain, known as Liquid. Qryptos is one of the first licensed decentralized exchanges, bringing legitimacy to the currency.
Their goal is to be a global platform that allows everyone from traders to market makers to buy cryptocurrencies in their preferred fiat. This is done through a one-stop shop that offers the liquidity needed to turn that crypto back into fiat. Simply put, its financial platform to buy or sell Qash and other cryptocurrencies, and cash out when needed.
The platform achieves this by using multi-order books which allow payments to be settled in fiat currency of choice. Traditionally, only accredited investors have been allowed to use multi-order books. Existing centralized exchanges know they are the only way into crypto, and they have capitalized on this by charging substantial fees. Additionally, they are not the most reliable their is the opportunity for fraud and other illegal actions, with little recourse from the customer.
Quione is led by some of the most prominent fintech experts in the world. The team brings several years experience and the connections that they have made. Because of their solidified space in the sector, they have made several key partnership with financial giants, priming Quione and Qash for a bright future.
Competitors include other cryptos backed by decentralized exchanges, but not many are recognized by a government, giving Qash a leg up in the market.
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