The "travel rule" adopted in EU is causing exchanges to have to become extensions of the state, essentailly. So KYC-Free trading on RoboSats is a very good alternative.
I only see, at the moment, EUR offers where Revolut is the payment method. SEPA payments can be sent person-to-person (unlike ACH payments for U.S. banks) and are not easily reversed, so I'ld assume they would be common on RoboSats, but the transaction has to settle essentially instantly because the method RoboSats uses for escrow ("hold" invoices) has a short time expiration, which would result in dispute state if too much time passes (e.g., 24 hours). So maybe SEPA payments don't work for that. Bank transfers for GBP using Faster Payments should work well.
Some beautiful images in that thread:
https://i.postimg.cc/pVvTCMj9/image.jpg
Chart: RoboSats - Daily volume by currency [July]
Very interesting. Why do most of the trades in robosats use eur?
The "travel rule" adopted in EU is causing exchanges to have to become extensions of the state, essentailly. So KYC-Free trading on RoboSats is a very good alternative.
I only see, at the moment, EUR offers where Revolut is the payment method. SEPA payments can be sent person-to-person (unlike ACH payments for U.S. banks) and are not easily reversed, so I'ld assume they would be common on RoboSats, but the transaction has to settle essentially instantly because the method RoboSats uses for escrow ("hold" invoices) has a short time expiration, which would result in dispute state if too much time passes (e.g., 24 hours). So maybe SEPA payments don't work for that. Bank transfers for GBP using Faster Payments should work well.
https://i.postimg.cc/pdy03Snz/image.jpg
Chart: RoboSats - Volume by currency [July]
https://i.postimg.cc/vBhc9032/image.jpg
Chart: RoboSats - Total per month per currency [YTD]
Love it
Watch this monthly volume metric hit ATHs every single month. IMO this would be a more important signpost than Bitcoin's price. 👀👀
Also, RoboSats increased the max trade size:
https://twitter.com/RoboSats/status/1553752732804300800 https://nitter.it/RoboSats/status/1553752732804300800 <-- Shows the thread in a single, easy-to-read, web page