Fairpool

Coliquidity AMA on Sep 28


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We discussed our progress (2 influencers signed up) & talked about supporting fiat payments via credit / debit cards.

Our influencers told us that most of their followers don’t have crypto, so they need to buy the tokens with credit cards. That’s an issue because the tokens must be bought through a smart contract, and you can’t call a smart contract with a credit card.

One solution is to implement centralized trading - accept credit cards on our website, keep the balances in our database, execute trades on our server (just like a centralized exchange - like Binance, for example). That’s not web3-style, but that’s going to get us mass adoption. Also, it’s easier to implement & upgrade. The only downside is that we become custodians of user funds.

We think that benefits outweigh the disadvantages, so it’s a viable approach.

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