Fiat Access Gateways project description and update






  • As we have observed some difficulties in understanding a general concept of the Fiat Gateways project, we would like to share a simplified version of the project description and specification (available here).

    The goal of the project is to deliver a Trustless Application Framework (TAPP) and build business partnerships necessary to facilitate Dash access and availability for users through integration to crypto services that offer a bridge to FIAT or services with a large user base that can help holders of other crypto-currencies invest on Dash with less friction.
    Therefore Fiat Access Gateways project contains two major parts:

    1. Software components delivery (TAPPs delivery: link)
    2. Strategic business relationship building


    Software components delivery

    Trustless Applications (TAPPs) are Command Line Interface (CLI)

    processes that can be used as building blocks for a numbers of crypto

    related services (e.g. exchanges, brokers, wallets,etc). Together, these

    provide a complete set of tools to be used for market access ramps with

    banking, cash, digital currency on and off-ramps by promoting their use

    with a network of interested partners, making it easier for more

    businesses to start offering Dash in their services and ultimately

    creating more options for Dash end users.



    The assumption of the development process is to keep the connection with

    the Dash Evolution design in order to allow the exchange components

    usage of Evolution features to integrate to this same framework.



    TAPPs to be delivered within the Fiat Gateways project:

    1. Shared Wallet: Simplest, most trusting implementation of a cryptocurrency hot wallet. The basic functionalities of a wallet will be storing, sending, and receiving assets. Specification link
    2. Exchange Node: Service that provides bid/ask exchange matching for a single market pair. It maintains the order-book and matches orders into trades. Specification link
    3. Broker: This component will let users convert one asset to another, using approved transaction networks (similarly to Shapeshift). Broker is build from Trade Manager, Shared Wallet + some specific broker code (10% of entire component). Specification link
    4. Trade Manager: This will provide a stable and uniform interface for exchange users to manage their trading activities. Specification: link
    5. Cosigner: An automated cosigning service to compliment Bitcore or other multi-signature wallet clients. Specification link


    Strategic business relationship building

    Relationships listed below are solid steps in bringing reliable business

    partners to the ecosystem and create additional fiat access ramps for

    Dash users. Project strategy is to maintain these relationships and

    secure more partnerships by offering the tools companies need to

    integrate Dash. Our on-boarding efforts are ongoing and will continue to

    get more business partners interested in Dash integration in their

    business.



    Partnerships currently established and in the progress of integration:

    1. Coinapult ( https://coinapult.com/) - Broker and re-marketeer, who will implement Dash and will provide reliable web-wallet for Dash. They provide B2B and B2C services and also provide interface with fiat. Coinapult is already integrated with Myceliun - other Dash strategic partner.
    2. Cryptocapital ( https://cryptocapital.co/) - Offers fiat banking solution for crypto-currency businesses (especially exchanges like Kraken, Coinapult, BTCChina, Bitt and others). As part of the project, our tools will be interfaced with Cryptocapital to provide fiat access.
    3. TigoCTM ( https://tigoctm.com/) - ATM Operator and distributor to provide a network of ATM machines with Dash.
    4. Mycelium ( https://mycelium.com/) - Mycelium is going to the framework to provide access to the tools from the wallet, as an example the Broker multi-currency exchange capabilities.
    5. Partner A - Reputable Exchange Operator, who will be using the backend tools that are part of the framework and will be supporting Dash.
    6. Partner B - New partner of Dash on LATAM market. They offer multiple financial services on local markets: crypto-currency transfers, crypto-loaded debit cards, selling crypto currencies, phone top ups, remittances,etc.


    Original text available in the following location: https://dashpay.atlassian.net/wiki/display/OC/Fiat+Access+Gateways+project+description


    Let me also share the last project status update.

    SOFTWARE DEVELOPMENT
    Lamassu

    1. Lamassu software branch
      • Software development progress: up-to-date with the original plans; not completed yet on the manufacturer side
      • Status: Alpha (due to Lamassu implementation process of multi-currency changes)
    2. “Unofficial” software branch (used by TigoCTM)
      • Lamassu is willing to install this software on newly-flashed machines, if requested by customer
    Shared Wallet:


    • software development progress: 90% completed;
    • status of release: Private Beta
    Exchange Node:


    • software development progress: 70% completed;
    • status of release: Private Beta
    Broker:


    • software development progress: 80% completed;
    • status of release: Private Beta
    Trade Manager:


    • software development progress: 90% completed;
    • status of release: Private Beta
    Cosigner:


    • Software development progress: 50% completed;
    • Status of release: Alpha
    • Clarification if cosigner should co-sign the transaction only or if it should be used for admin configuration changes
    *Possible status of the release: Alpha, Private Beta, Public Beta, Released




    STRATEGIC BUSINESS RELATIONSHIP BUILDING

    • Work on the figuring out deployment plans, documenting and ensuring cross-compatibility with legacy partner systems.
    • Work on two new relationships in progress



    Full report and dashboard are available in the following location: https://dashpay.atlassian.net/wiki/display/OC/Fiat+Gateways?sortBy=name&sortOrder=ascending











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