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Research Exchange and Payment processor integration #73

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molnard opened this issue Oct 24, 2019 · 2 comments
Open

Research Exchange and Payment processor integration #73

molnard opened this issue Oct 24, 2019 · 2 comments

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@molnard
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molnard commented Oct 24, 2019

There are many concerns about integrating payment processors, exchanges - businesses into Wasabi.
This is only a theoretical plan yet and Wasabi will always be a privacy-oriented wallet and never be profit-oriented. But there are so many benefits to this topic that we must at least start researching the opportunities.

Cons:

  • Amounts are much larger, they can crowd out individual users.
  • Can perform Sybil attacks if they provide too many participants.
  • Businesses might need 24/7 duty and guarantees.
  • Resources on maintenance will increase.

Pros:

  • Increase liquidity.
  • Speed up CoinJoins.
    • Faster rounds.
    • Higher amount levels.
    • More Anonymity set.

Questions to research:

  • What are their visions about gaining privacy?
  • How are these Businesses are storing their Bitcoins currently?
  • How are these systems work?
  • How much are they willing to pay as a fee?
  • What kind of interface would they need? How do they imagine the procedure to and from CoinJoin?
@molnard
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molnard commented Oct 24, 2019

@MaxHillebrand, @nopara73, @bharmat any additions or comments are welcomed.

@RiccardoMasutti
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@FrancisPouliot could help us

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