Oasis without banking infrastructure (no more fiat): Monero and Bitcoin

Feedback
#1

How about recycling Oasis (which I remember to be a “Open Asset Swap Interaction Scheme”, so not necessarily fiat money related), as a tool to convert cryptocurrencies only, among themselves ?

No banking license would be needed.
No questions to be addressed, no people to be convinced.
All you need is to find a crypto liquidity provider (it should not be that difficult).

Which coins could actually bring real organic demand for this tool ?
Monero (XMR) and Bitcoin (BTC).

If you make this tool, it would definitely create BIG waves within the crypto sphere, as people could be able to swap XMR/BTC in a permissionless way, secured by HTLC.

I get that the guys at MICA could always find something to object, but the tool would be permissionless and not strictly hosted in Europe or advertised to europeans.

2 Likes
#2

Just some thoughts:

Starting with this news that Uber is exploring stablecoins to streamline global transactions (https://www.proactiveinvestors.com/companies/news/1072568?SNAPI), following points come to my mind.

  1. In which way could Uber profit from an Oasis fiat-stablecoin-bridge (Oasis as a company fitted service) or from Nimiq’s browser-first concept?

  2. Possibly the way of thinking about Oasis should be changed to Oasis as a product / service (so Nimiq could charge a fee). For that, Oasis needs to close gaps where a global transaction crypto/fiat – fiat/crypto is processed. Couldn’t a bank using Oasis as a service like the on-ramp of Visa, just with lower fees?

  3. In principle, wouldn’t it be possible to sponsorship the banks’ asked fees for the roll out of Oasis? Which companies could have an interest in reaching crypto savy customers with ads while the payment is processed?

  4. Instead of Uber, couldn’t Coinbase, Kucoin etc. profit from Oasis? Outside of their platform it would mean, more possible customers as people would own more crypto (advertising the on/off-ramp). Inside of their platforms Oasis could become another (cheaper) gateway compared to current credit card options.