Dether has a mission, to give power back to individuals, particularly those who were previously unbanked. The lack of tangibility of cryptocurrencies is being solved by Dether, who is building a global ecosystems from crypto buyers and sellers who will trade crypto for fiat cash. No bank account, just a mobile phone with internet access.
A Cost Effective Mobile App that lets you Cash-in and Cash-out Cryptocurrency
There are currently some limitations of cryptocurrencies that has slowed mainstream adoption. Previously, fiat currency barriers, the need for a bank account, and certain geographical limitations were all obstacles for cryptocurrency users. Those who were excluded from using cryptocurrency because of their national currency or lack of passport also suffered.
Dether is looking to provide a global solutions to these problems. Dether’s beta version was released on Ethereum test net in March 2018 on https://betakovan.dether.tech. Allowing users to test the app and experience how they can benefit. With the release of the Dether mobile app in June 2018 anyone has the power in their hands to connect and trade with crypto sellers near them. All on the Dether map, which is 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 is set to make cryptocurrency transactions as easy as visiting an ATM. By addressing both individuals, and physical shops willing to accept cryptocurrency, Dether is bridging a gap between conventional and cryptocurrency spheres. With Dether, individuals and shops can become an exchange by registering the point of sale on the Dether map and choosing their own fees. Giving freedom to the individual like never before.
One asterisk on cryptocurrency is it volatility. For Dether users who are wary of such volatility, Dether and MakerDAO, have partnered together to bring the value and power of a stable token to retailers and individuals worldwide. This enables any individual or shop owner to easily switch between cryptocurrency and fiat currency, which further breaks the barrier of cryptocurrency adoption.
Be a Part of a Global Ecosystem
Dether launched a successful token sale in February 2018. Following on from the event, Dether released “Dether for Shops” on the Ethereum mainnet, a milestone that allowed retailers to stake DTH in order to be listed on the Dether map and to broadcast their status as an acceptable 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. To find out more on Dether’s groundbreaking new chapter, visit their Website and read the Whitepaper. Dether also invites you to join the community and connect on Telegram.
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