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Embracing YapBay's Vision! about yapbay HOT 1 OPEN

0xScratch avatar 0xScratch commented on August 27, 2024 1
Embracing YapBay's Vision!

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georgedonnelly avatar georgedonnelly commented on August 27, 2024 1

Hi Aryan and thanks for your message.

Yes, volatility is an issue, no doubt! Some solutions for this include stablecoins, hedging (see something like bchbull.com for example) and lots of liquidity for moving between fiat and crypto.

YapBay is aiming to help with the third way a bit. When there are lots of options for moving between fiat and crypto, and when there is lots of competition for helping people exchange funds, then the fees will be minimal. And then people who are worried about volatility, if they don't want to hedge or use stablecoins, can just exit to fiat.

Crypto as transport layer is really just an early step towards achieving the overall vision.

Thanks for that suggestion for my README! I will definitely integrate that soon.

Thanks again and have a great day. I welcome any other feedback you might have. :)

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