It's no secret that bitcoin, as an actual currency, is terrible at its job. Transaction fees can cost more than the item your purchasing, its value fluctuates wildly, and only a very limited number of merchants accept it directly. Like it or not, us cryptopianites are generally forced to convert to fiat before enjoying the gains of our magical internet money (at least for now).

Enter Qvolta, a P2P exchange that to me is a going to be a game changer. I'll spare you the shills as much as possible, Qvolta is going to be an awesome fiat-bridge for crypto, but the beauty of the app will be their support of SquareCash payments (among many others).

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The reason that a SquareCash payment option is such a big deal is that it offers a layer of insulation between your crypto sales and your bank account. This is a big deal as governments are developing a track record of shutting down bank accounts with crypto-related transactions, such as the current case in India and China. The most kick-ass part, however, is they offer usd accounts with a linked SquareCash debit card so you can spend your newly acquired money directly.

Qvolta P2P BTC/ETH Sales ----> SquareCash----->SquareCash Debit Card----->Purchases

Bank Account

And for anyone who’s waited for the eons it takes for coinbase to deposit your crypto-wondergold into your bank account, those wait times make me think the modern financial system is still running AOL dial-up. When your crypto is sold in Qvolta, your funds will be immediately available once Qvolta confirms that the buyer has sent their fiat to you. This means some transactions will be complete in minutes and you’ll be able to spend the money on your SqaureCash card the same day.

Discailmer: I am not affiliated with Qvolta or SquareCash in any way (other than owning some QVT tokens). This is merely a unique perspective on how one can navigate the crypto-fiat issue.

Check out Qvolta.com for the alpha of their exchange, full release is marked for early Febuary.



Good luck out there, fellow cryptopians.