Is OTC perhaps the key to mass adoption of cryptocurrency?
An OTC Crypto Vending Proposal
Perhaps the community might be interested in this proposition.
I researched using existing tools to facilitate access to crypto to encourage everyday use ( make on-ramping and off-ramping easier).
The idea is to get existing business/shop owners to sell cryptocurrency OTC using the following readily available tools:
A POS mobile app
A currency converter
and a cryptocurrency wallet.
This is particularly useful in the following ways.
Eliminate bank charges and gateway fees for on-ramping and off-ramping
Drive adoption by decentralizing the distribution and access to crypto.
Create revenue for shop owner.
As many countries race to clamp down on crypto, so must the community race to expand the accessibility beyond the geeky playground of online exchanges and P2P platforms. These can exist as whole-sales distribution hubs while ordinary everyday access is facilitated by corner shops.
This approach is particularly convenient for selling fast-to-transact coins like BCH and/or a related stablecoin.
For BCH, an app that addresses volatility by varying price and markup might be required. However for the stablecoin (e.g. SLP powered USDT or USDH), existing software is sufficient. If it works out well, a dedicated app can be built that integrates all features.
If this is taken up and promoted, people can be trained to deploy this OTC solution.
Scenario:
Walk to a shop that has a definitive sticker,
Order your crypto or sell it.
The vendor is the shop owner/attendant.
The vendor collects your fund and gives you crypto (or reverse)
This approach would thus be leveraging existing shops, community relations, as well as existing tools to grow adoption.
A well coordinated marketing and promotion effort will see this deployed across multiple locations at once immediately facilitating micro-transfers, remittance and trade.
Anyone interested in following this can join the TG chat http://t.me/BCHP2P