Comments (2)
Your project doesn't really make sense to me how atomic swaps help fiat -xmr
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Your project doesn't really make sense to me how atomic swaps help fiat -xmr -- @XMRfamily (#1010 (comment))
For example in my personal experience using monero in the central EU the main problem is that it's very difficult to get monero and use it.. Basically the options rn are to buy a BTC at the ATM for 5~15% fee and then exchange from BTC to XMR for another fee which can easily eat 30% of the XMR in FIAT value.
So having the swaps (including for FIAT) integrated in the GUI wallet by spec would manage the risk of overpaying for the fee and made this way easier for general adoption + more XMR ATMs would manage the BTC's scam fees as it doesn't seem to be practically possible to just go to the FIAT ATM with a monero wallet and withdraw money from it.
If we could implement the XMR<->FIAT in a way that takes few seconds that would also enable the e.g. phone's NFC used for in-person checkouts to enable getting rid of the FIAT bank for practical use.
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Related Issues (20)
- Seraphis wallet workgroup meeting #78 - Monday, 2024-07-15, 18:00 UTC HOT 1
- Monero Community Workgroup Meeting: Saturday 20th July 15:00UTC HOT 1
- Cuprate Meeting #13 - Tuesday, 2024-07-23, UTC 18:00 HOT 1
- Monero Research Lab Meeting - Wed 17 July 2024, 17:00 UTC HOT 1
- Seraphis wallet workgroup meeting #79 - Monday, 2024-07-22, 18:00 UTC HOT 1
- Cuprate Meeting #14 - Tuesday, 2024-07-30, UTC 18:00 HOT 1
- Monero Research Lab Meeting - Wed 24 July 2024, 17:00 UTC HOT 1
- Seraphis wallet workgroup meeting #80 - Monday, 2024-07-29, 18:00 UTC HOT 1
- Monero Community Workgroup Meeting: Saturday 10th August 15:00UTC HOT 2
- Cuprate Meeting #15 - Tuesday, 2024-08-06, UTC 18:00 HOT 1
- Monero Research Lab Meeting - Wed 31 July 2024, 17:00 UTC HOT 1
- Monero Website Meeting - Sun 11 August 2024, 19:00 UTC HOT 2
- Seraphis wallet workgroup meeting #81 - Monday, 2024-08-05, 18:00 UTC HOT 1
- Cuprate Meeting #16 - Tuesday, 2024-08-13, UTC 18:00 HOT 1
- Monero Research Lab Meeting - Wed 07 August 2024, 17:00 UTC HOT 1
- Monero Dev Meeting #82 - Monday, 2024-08-12, 18:00 UTC HOT 1
- Meeting(s) for the Monero devs: Who, where, which subjects? HOT 20
- Monero Community Workgroup Meeting: Saturday 17th August 15:00UTC HOT 1
- Cuprate Meeting #17 - Tuesday, 2024-08-20, UTC 18:00 HOT 1
- Monero Research Lab Meeting - Wed 14 August 2024, 17:00 UTC HOT 1
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