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DAIHard, the ‘Unkillable’ Ethereum-based Fiat-to-Crypto DEX Announces Its Open Beta on Mainnet

DAIHard, the ‘Unkillable’ Ethereum-based Fiat-to-Crypto DEX Announces Its Open Beta on Mainnet

One of the major drawbacks of the current crypto economy is the reliance on centralized exchanges to buy and transact with cryptocurrency. Centralized exchanges not only exist in direct contrast to the founding principles of cryptocurrencies, but they also track their users, impose withdrawal limits, and are restricted by jurisdiction.

Decentralized exchanges, like IDEX or Binance’s new DEX, provide peer to peer trading for crypto to crypto trades, for example, BTC/ETH pairings. But so far, it’s been impossible to find an on-ramp fiat-to-crypto solution from a decentralized exchange.

For those in restricted jurisdictions, areas where censorship is problematic or economies are poor, buying or cashing out of cryptocurrency can either be illegal, or impossible.

Likewise, if governments decide to shut down centralized exchanges and block the fiat-to-crypto payment gateways, users would find it very difficult to convert their holdings into fiat and vice versa.

Now, it seems there’s a solution on the horizon. DAIHard is a fiat-to-crypto on-ramp platform which allows users anywhere to bypass centralized exchanges.

Original link: https://blokt.com/news/daihard-the-unkillable-ethereum-based-fiat-to-crypto-dex-announces-its-open-beta-on-mainnet

  • 2019-04-15