Ethereum Fiat-Cryptocurrency Gateway Launches
A decentralized cryptocurrency exchange developed on the Ethereum blockchain by the creators of Kyber Network, launches one of the first non-storage crypto gateways.
KyberSwap was created in partnership with Coindirect, a cryptocurrency payment service from Hong Kong with support for MakerDAO.
The goal of the project is to help someone easily purchase cryptocurrency for fiat with low commissions of 3.5% using debit or credit cards Visa and Mastercard.
According to the statement, KyberSwap supports the trading of tokens compatible with Ether (ETH) and ERC20, and is designed for fast, simple and secure DEX (decentralized exchange), including for completely new cryptocurrency users.
Key Features
- Fiat-cryptocurrency operations;
Token Onchain Swaps;
Non-custodial limit orders;
Mobile applications for iOS and Android;
Simple UX interface.
KyberSwap expects that the new platform will stimulate adoption, bypassing complex KYC procedures and increasing interest in cryptocurrencies.
“Imagine an interested user who wants to try DApps on Ethereum and would like to start by buying a small amount of ETH, say, at € 20. There are not many quick and convenient ways to do this.
Coindirect allows you to make small purchases of cryptocurrency with only basic credit card information. As soon as the user becomes comfortable with purchases and wants to increase his trading limit (€ 3,000 per day) and reduce the commission, he will have to provide more personal data. ”
There is another easy way to invest in cryptocurrency, you can buy tokens from your bank card on the exchange BINANCE
