P2P Cryptocurrency Marketplaces Draw Huge Interest From Bitcoin Traders - Seite 2

AXS Blockchain Solutions Inc. (CSE:BAXS), a leading blockchain solutions company, has signed a letter of intent with Blockchain Foundry to develop a new P2P marketplace that will offer safety, security, transparency, and a seamless experience as part of its core offering.

Decentralized P2P marketplaces like Paxful and Localbitcoin offer a more personalized experience than some of the larger exchanges by eliminating the need for intermediary parties. According to Paxful co-founder's Ray Youssef and Artur Schaback, their marketplace processed as many as 8,000 Bitcoin transactions per day in 2016. However, P2P exchanges like Paxful sacrifice basic security in favor of anonymity by avoiding the use of basic verification systems like KYC. This exposes investors to additional risks that can easily be avoided by seeking out safer marketplaces to trade on.

ZUBX P2P Marketplace - Creating a Centralized P2P Crypto Marketplace

Transparency is the backbone of blockchain technology. ZUBX will be developed by Blockchain Foundry upon signing of the development agreement. Their development team was responsible for creating Syscoin, a token that is backed by technology that can process as many as 300,000 transactions per second, allows for instant asset transfers, and functions much like the eBay of P2P marketplaces.

The ZUBX P2P marketplace embraces the new P2P movement and will be offering a personalized trading experience that will include many of the security features that traders have come to expect from some of the major exchanges, but are unable to get from other P2P marketplaces. These features include:

• Instant messaging capabilities that allow users to communicate and structure the terms of any deal before they take place. Determine if a specific buyer or seller is someone that you actually want to trade with.
• Multi-coin support that will enable users to trade Bitcoin, Bitcoin Cash, and Ethereum. Additional coins may be added in future updates.
• Escrow service. Fiat and cryptocurrency validation to protect buyers and sellers.
• Unparalleled privacy and security. ZUBX holds all crypto assets in cold storage using multi-signature wallets and 2FA authentication in order to protect assets that are being traded in our marketplace. You can trade knowing that sellers actually have the coins they are selling because we verify the existence of a seller's cryptocurrencies before any trade can take place.
• AML (anti-money laundering) and KYC (know your customer) verification in order to verify the legitimacy of users and to create a transparent trading experience.
• Fast withdrawals that are designed to allow users to instantly withdraw their money using debit cards that actually work. Withdraw funds from anywhere where a debit card is accepted.
• A comprehensive seller rating system that lets you assess the reputation of any buyer or seller that you are thinking of trading with. Seller ratings will be validated by the blockchain, providing buyers with a useful feedback tool to grade the quality of a seller.

Combining all of these features will create one of the safest and most efficient P2P crypto marketplaces to date. With Blockchain Foundry potentially heading the development of ZUBX, AXS Blockchain Solutions will be building the next generation of P2P marketplaces that provides a decentralized experience that includes the many features crypto traders want from centralized exchanges like Coinbase and Binance. Simple features such as instant messaging and ratings are attractive to traders who are interested in learning what type of people they are dealing with when engaging in a transaction. All trades on the ZUBX platform will be secure due to the fact that most of their funds are held in cold storage and require 2FA authentication. Not only does this create a secure trading experience for users, but it ensures that buyers know that the sellers actually have the cryptocurrencies they are trying to sell.