Coinnecting

This way Coinnecting can automate and control the transaction process of real money payments. Thus Coinnecting is able to create a true decentralized exchange of fiat and cryptos. Currently, there is a high barrier to enter the cryptocurrency world, since exchanges are bound to verify users. On top of this, trading platforms typically offer an interface, which is too complex for first-time traders. There is the need for registration and often verification with government ID. Over Application Programming Interfaces (APIs) Coinnecting is able to communicate with different Banks, which allows the initiation of payments on the fiat side. By utilizing APIs with banks and Smart Contracts on the blockchain, Coinnecting will never hold any assets. Beyond operating the platform and the APIs, Coinnecting will act as arbiter in case of a dispute.