Digital foreign money agency Wittytech Restricted launched Africa’s first non-custody peer-to-peer cryptocurrency change platform.
The platform will guarantee the sleek transaction of digital currencies, fixing the issues and dangers related to the buying and selling and storage of cryptocurrencies.
In a press assertion launched lately by platform founder Dan Awa, the idea of WITTY is to play a central position in breaking the third world barrier by way of using expertise with out permission and belief.
“WITTY has determined to decentralize the peer-to-peer cryptocurrency buying and selling system, versus the centralized nature of most exchanges and even fiat cash methods.
“They are saying that when the aim of a factor is unknown, abuse is inevitable. You will need to word that cryptocurrency was conceived to deal with the issue of asset centralization.
“The scenario, the place few held and managed the belongings of everybody, was perceived as having its limitations and downsides. So cryptocurrency will change that. Because the crypto house continues to evolve, we’re seeing the identical centralization that cryptocurrency was created to deal with. Most exchanges at the moment are centralized.
“The chance of that is additional heightened if you happen to assume there’s occasional mismanagement and even waste by the administration of regulated conventional monetary establishments. So, you begin to shudder on the stage of danger that customers tackle permitting exchanges to carry their belongings, seeing that the majority cryptocurrency exchanges are unregulated.
“So we got down to launch a product that solves this downside and largely eliminates this danger. We created Africa’s first non-custody peer-to-peer change that permits customers to independently retailer their cryptocurrency in a non-custody pockets.
“A non-custodial pockets is a pockets that provides you sole management over your non-public keys, which in flip provides you full management over your cryptocurrency and proves that the funds are actually yours,” Eva stated.
Emphasizing the necessity to personal non-public keys and the power to get better in case of a forgotten password with out the intervention of the founders of the platform, the crypto fanatic added that “if you happen to retailer your cryptocurrency in wallets the place you do not need non-public keys, you might be on the mercy of the house owners of this pockets, which signifies that the cryptocurrency probably not yours because the house owners might not approve your withdrawal request in any respect for no matter cause.
“It is like constructing a home and handing over the grasp key to a 3rd celebration with the expectation of fixed and unhindered entry to the home.
“The 2 largest, most trusted non-custodial wallets worldwide are Trustwallet (cell) and Metamask (desktop). The Witty platform lets you join your Trustwallet and / or Metamask to the Witty platform and perform transactions in a approach that you simply nonetheless have management over your cryptocurrency.
“The non-custody peer-to-peer Witty change at the moment helps BTC, ETH, USDT, BNB, and WITTY tokens.
“We’re captivated with passive revenue, so we created a tiered compensation plan the place our customers earn 40%, 15% and 5% on the primary, second and third ranges, respectively. These charges are paid from the transaction charges generated by the platform, and customers will obtain these charges indefinitely whereas their referrals are making transactions on our platform.
Different merchandise / use circumstances being developed by WITTY embrace: Betting Platform, Cryptocurrency Switch Platform, Crypto Cost Gateway, Crypto Lending, and WITTY Basis.
“The P2P Change platform could be accessed by way of https://wittytech.io.