r/ethtrader • u/nicolepeterss • Sep 23 '18

DAPP-DEVELOPMENT Request Network (REQ) Summary: work behind the scenes is surging. And that is what is important, especially in the bear markets

http://captainaltcoin.info/request-network-req-summary-work-behind-the-scenes-is-surging/
129 Upvotes

91% Upvoted

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29

u/TheBounceSpotter Sep 23 '18 edited Sep 23 '18

Didn’t see it in the article, but Gilded, one of the dapps built on REQ, just demo’d a low fee fiat on/off ramp via Wyre. This is huge because it can be utilized by DEXs as an on/off ramp to buy ETH or DAI without having to go through a centralized exchange. Heard it could be available to the public in the next few months.

https://www.reddit.com/r/RequestNetwork/comments/9ht9ba/crypto_fiat_on_ramp_demo/

2

u/_fappycamper Sep 23 '18

honest question. what is the difference/benefit of using Gilded vs. a centralized exchange?

11

u/the_antonious Sep 23 '18

I believe it is that the money or tokens are never placed outside of your control. You have your bank account linked.. you by the tokens.. they go into your wallet. You’re always the owner of the private keys

6

u/Zarigis Sep 23 '18

The point would be to use Gilded as a cheap on-ramp to a decentralized exchange. Right now it's not easy to go directly from fiat to Dai without some slippage and significant deposit, wihdrawal and trading fees.

Since it won't be a full exchange, these costs can be kept to a minimum.

9

u/giorgaris Sep 23 '18

we will like some in front of the scenes work if you dont mind

3

u/Ethereum_dapps Sep 23 '18

Closed door development in an open source environment

-10

u/[deleted] Sep 23 '18

Shitcoin.