The new mobile cryptocurrency application by Bisq operates on a fully decentralized peer-to-peer platform to exchange cryptocurrencies for fiat money, has unveiled their mobile application. Both iOS and Android will have fully functional applications that are downloadable through the App Store or Play Store, as the announcement stated a couple of days ago on September 9th.
Bisq mobile application is already downloadable on iOS app store just a couple of days after the initial decision was made. Several features are available on the app, including those that allow the user to manage disputes, trading, buying and selling. There is an associated desktop program that communicates with the app.
Bisq mobile app and desktop app are linked together on a P2P system where all the trading is accomplished. The newest version of Bisq is 8.0, and there are more features than ever, including face to face trading in real time for local users in the same area. Notifications from the app will help stay up to date with price changes and offers. Payments will mostly be made by Halcash to improve functionality the developers stated. Bisq has been doing quite well considering August has been their best month of 2018. The team recently reported on the numbers for the company’s personal growth.
“August was a massive month for Bisq, setting a new record of 358 BTC traded…That’s a 26% increase over the previous record month of June 2017 and at a much higher average BTC/USD price…Also, 13,000 trades as of today.”
ShapeShift another company in the market made a recent announcement, stating that KYC (know your customer) is required for members to join their new platform. Know Your Customer is a software to help businesses collect appropriate data from their users – Bisq is the only other company as of now to use a similar model to improve the user experience. More customers will start using Bisq because of the adoption of the new method of operation.
Bisq’s team isn’t following ShapeShift’s lead correctly, instead relying on their procedure to grow their customer user base. The purpose is to help create more liquidity to help jumpstart the rest of the year, according to the developers.
“On September 20th, 2018 we will try to get as many people as possible to place offers on Bisq as a way to kick-start liquidity after the summer and also launch the newest release.”
The company needs to achieve at least 300 offers in a single day to see a record number of trades – rewarding any users who make use of the platform at least once a day with 10 BSQ tokens.
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