By accessing the Web Market through a simple website, people will finally be able to use our Double Deposit Escrow (DDE) contracts on the go. Things like a built in shipping calculator, price tracking, and easy search functions will all be included. Anyone will be able to simply visit the website and sell goods strictly peer-to-peer, from anywhere in the world. This opens the door to a plethora of use-cases, particularly in developing countries.
For example, what are the chances that an old coffee farmer living in a rural area Venezuela could download the BitBay Markets Client, sync to the blockchain, and use it to sell premium coffee directly to a buyer in Europe? Even if they had a computer, chances are they wouldn’t even know where to start with using the BitBay software.
However, they probably do have a cell phone.
And with that phone, they could quickly and easily access the BitBay Web Marketplace, and create a listing to sell some high quality coffee. All peer-to-peer, without paying expensive fees, having to register a bank account, or having to go through an intermediary.
The purpose of BitBay is to solve two very large problems in the world. These are the problems of third-party risk and currency stability. While these problems are truly massive, they are not as prevalent in developed countries (such as G20) where the citizens have access to many options and economic opportunities. There are places in the world that needed a solution YESTERDAY and this is where BitBay intends to focus its efforts. In many ways, BitBay’s Web Marketplace will be one of the most important features that we will have released to date. It will provide a direct and easy way to access the power of intermediary disruption, for those who so desperately need it.
Want to download our free marketplace platform and use it yourself?