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Dether, the first Decentralized Fiat to Cryptocurrency Marketplace, to Release Mobile App

Dether Press Release

Bitcoin Press Release: Expected in June 2018, Dether will release the world’s first decentralized fiat to cryptocurrency marketplace, enabling anyone who has a smartphone to buy and sell cryptocurrency for cash and spend it at physical stores.

May 27th, 2018, Gibraltar. Dether’s mission is to give power back to individuals — especially unbanked populations across the globe — by enabling them to easily access cryptocurrency. Dether is building a worldwide ecosystem of crypto buyers, sellers and physical stores willing to trade crypto for fiat cash and accept it as a means of payment. No bank account is needed, just a mobile phone with internet access.

A mobile app that lets you cash-in and cash-out cryptocurrency, with no fees taken by the company

Buying cryptocurrency presents many obstacles: fiat currency barriers, the need for a bank account, and certain geographical limitations. Individuals are often excluded from using cryptocurrency if their national currency is not accepted on a major exchange or if they don’t have a bank account or passport, leaving the world of dApps inaccessible.

Dether’s beta version, released on Ethereum test net in March 2018 on https://betakovan.dether.tech, allowed users across the globe to test the app and its main features. Now, with the release of the Dether mobile app in June 2018, anyone will be able to use his or her mobile phone to connect and trade with crypto sellers near them on the Dether map, the app’s built-in location system.

Dether co-founder, Mehdi Amari commented:

We are building a fully decentralized cash-in and cash-out marketplace, meaning that no central entity has any control over the user’s accounts, funds, or conversations. No funds are held. Each individual has his own private key locate in his device. Conversations are fully decentralized and peer-to-peer. The decentralized reputation system is based on the user’s number of trades and volumes. As a company, we don’t take any fees on the transactions between buyers and sellers.”

Enabling any cryptocurrency holder to become a mobile ATM

Dether addresses both individuals interested in buying and selling cryptocurrency for fiat currency, and physical shops willing to accept cryptocurrency as a means of payment. Using Dether, both individuals and physical shops can become an exchange by registering their point of sale on the Dether map and choosing their own fees.

For users shying away from volatility, Dether and MakerDAO, creators of the Dai stable token, have partnered to bring the value and power of a stable token to retailers and individuals worldwide using Dether. By further breaking the barriers to blockchain and crypto adoption, they enable any individual or shop owner to easily switch from any cryptocurrency stabilized against the value of the U.S. Dollar, and vice versa.

From Nigeria to Norway, shops all over the world can now be a part of a global ecosystem

Following their successful token sale in February 2018, Dether released “Dether for Shops” on Ethereum main net, allowing retailers to stake DTH (Dether’s utility token) in order to be listed on the Dether map and broadcast the fact that they accept cryptocurrency.

Dether co-founder, Hamid Benyahia stated:

In terms of user experience, it’s much like the process of searching for a nearby café or restaurant on Google Maps, but in this case, you’re looking for a place to spend your cryptocurrency. This represents a unique opportunity for merchants and the crypto community,

Soon, “Dether for Shops” will allow shop owners to be listed on the Dether map under exclusive keywords related to their business.

An Expected Release Targeting Developing Countries in Africa, Asia and South America

Dether co-founder, Hamid Benyahia said:

We are thrilled to be releasing the Dether app across countries in Africa, South America, and Asia. There are more than 2 billion adults that remain unbanked in these regions. Whether it’s for remittance, investment, or as a response to hyperinflation, we believe that these markets are in critical need of the ability to easily buy and sell cryptocurrency for cash.”

Users interested in accessing the Dether mobile app can register for early access here: http://app.dether.io.

Visit the Website: https://dether.io/
Read the Whitepaper: https://whitepaper.dether.io/
Connect on Telegram: https://t.me/joinchat/GkdUjUQ4jx_Apxmz2km4ww:
Follow on Twitter: https://twitter.com/dether_io
Follow on Facebook: https://www.facebook.com/Dether-1372579922848946
Medium: https://medium.com/@DETHER

Media Contact
Name: Taylor Smith
Email: taylor@dether.io

Dether is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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Dether, the first Decentralized Fiat to Cryptocurrency Marketplace, to Release Mobile App

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Dether, World’s First P2P Ether Network to Be a Game Changer for Ethereum Mass Adoption

Bitcoin Press Release: Ethereum smart contracts powered Dether empowers users to buy Ether with cash and spend it at physical stores.

August 4, 2017, Paris, France – Dether is on a mission to drive cryptocurrency, especially Ether adoption among the masses with its game changing application. The Ethereum smart contract based platform makes it easier for users to purchase Ether tokens with cash and spend it anywhere including physical stores. Dether eliminates the need for a bank account, and all a user needs is a mobile phone with internet connectivity to start using the cryptocurrency.

The Ethereum blockchain protocol is gaining a lot of attention in the recent days as it opens doors to a trustless digital world where applications don’t have any kind of censorship, fraud or third-party interference. However, there remains a roadblock when it comes to purchasing Ether as it is currently a long and tedious process. Dether wants to change that by offering a simple solution that makes easier for people to lay their hands on the cryptocurrency.

To promote the Ethereum ecosystem, Dether has built a decentralized application (Dapp), creating a worldwide ecosystem of Ether buyers, sellers and physical stores that are willing to trade Ether for fiat cash and accept the cryptocurrency as a means of payment.

Creating a P2P Bridge between Fiat Currency and Ethereum Cryptocurrency

Dether empowers any Ether owner to become a teller and have an accessible way to make money. They can act as mobile ATMs by getting listed on Dether map and start selling Ether for fiat currency anywhere in the world. At the same time, those who are interested in buying the cryptocurrency can just open the Dether map, use its built-in location system to discover sellers near them. They can also view sellers’ ether/fiat rates, fees, and even initiate an anonymous chat over an encrypted peer-to-peer messaging solution from within the app. Upon agreeing to the trading conditions, the seller and the user can decide a meeting point and carry out the exchange.

The Dether map also includes information about the network of physical stores that accept ether as a mode of payment or wish to trade the cryptocurrency for cash. By listing on Dether, merchants not only get the much-needed publicity as an outlet embracing cryptocurrencies, but also an early entry into the segment which will eventually be dominated by Ethereum and other cryptocurrencies.

The co-founder of Dether Hamid Benyahia said,

“Our mission is to break barriers to foster Ethereum mass adoption.”

The platform is a result of the frustrations experienced by Hamid after his family members in Algeria, restricted by the Algerian dinar, weren’t able to interact with the Ethereum blockchain. And, Dether is the solution Hamid and his team came up with to make Ethereum accessible to anyone on earth.

A Fully Decentralized Solution That Brings More Security to Buyers and Sellers

Unlike existing solutions, Dether has a technology roadmap that integrates different key elements of decentralization into each feature, propelling it towards full decentralization. In the Dether ecosystem, no central entity has any control over the users’ accounts, funds, conversations, etc. The communications between buyers and sellers on the platform are peer-to-peer and completely decentralized. The platform won’t hold the funds and user will remain anonymous.

Another co-founder, Mehdi Amari said,

“From its outset, we envisioned and built Dether to be a fully decentralized solution. We strongly believe that having a trustless solution is the key to Dether’s success. Users must be able to exchange and trade with one another with trust, despite not knowing each other beforehand. In other words, we’ve decided to align our strategy with blockchain’s core principles, where the power of its users, and not a central entity, determines its success.”

Powered by Ethereum smart contracts, the reputation system is also fully decentralized. Buyers and sellers have their own public reputation rating based on the transactions they have successfully achieved and its respective volumes.

From the Arab Spring to a Decentralized Peer-To-Peer Ether Network

Explaining the importance of decentralized model, Hamid provides an example of the Arab Spring movement. He said,

“I remembered the huge demonstrations that happened in North Africa and the Middle East back in 2011. I thought that if these populations had had the chance back then to have a decentralized social network, for example, it would have prevented a lot of activists from going to prison, as they were constantly identified through social media. And when I look at all of the decentralized applications that are being developed on top of Ethereum, it only consolidates my initial idea that more and more people will use it, and that one of its challenges is mass adoption.”

For months, the team of eight Blockchain and Ethereum enthusiasts have been working on Dether. The team will release an alpha version this summer and is already looking for testers. Users will be able to create their Dether wallet, communicate anonymously with each other and start trading together.

Learn more about Dether at – http://dether.io
Join Dether’s Slack community at – http://slack.dether.io

Media Contact

Contact Email: hello@dether.io
Location: Paris, France

Dether is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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Dether, World’s First P2P Ether Network to Be a Game Changer for Ethereum Mass Adoption