Mobile Peer-to-Peer Approach to Crypto Exchange
Decentralized, peer-to-peer (P2P) cryptocurrency exchanges are gradually attracting attention from novice and advanced investors, as it allows them to trade to their likings. Ninja Cash wants to emphasize on convenience when it comes to buying, selling and storing their cryptos, that’s why its team has decided it would be apt to focus on creating a mobile application only.
What is Ninja Cash?
Ninja Cash is a peer-to-peer exchange that has been created with the intentions of increasing usability among investors. The way this will be carried out is supposedly by eliminating the need for the Know Your Customer (KYC) procedures, which means that users can trade anonymously. This is a preferred factor for many, hence making it an appealing choice compared to its competitor, LocalBitcoins.
It has been also noted that users will be the rightful owners of their wallet keys, which implies that control is in the hands of its users and not the Ninja Cash platform. Since it has been created in such a way that only supports mobile devices, users can send and receive funds on a borderless fashion. Upon finalizing the deal, the parties involved will have their transactions completed.
According to Nulltx, Ninja Cash supports both Ethereum [ETH] and Bitcoin [BTC], with the possibility of the list extending farther more. Although it is too soon to tell whether or not a mobile-app only approach will work, it has potential, as users of this generation are both favorable for cryptocurrencies and convenience.