Peer-to-Peer cryptocurrency Trading — The Millennial adoption
When a Gen Z comes across the word millennial, they picture a grumpy, financially stressed adult. For a clearer picture and better understanding, millennials are people born between 1980–1995. That uncle that never drops cash when they come over is likely a millennial. Grandpas will make sure your tip is worth looking forward to their next visit. An older uncle of fifty-seven years to seventy-five is a baby boomer. Most younger millennials are currently getting their footings: getting their first mortgage or land while planning and stabilizing their futures. The millennials dominate the peer-to-peer ecosystem and its achievements.
The first cryptocurrency started its operation in 2009, with a primary focus on a peer-to-peer exchange without a central authority. Satoshi Nakamoto said, “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party” One of these is the decentralized buying and selling of the cryptocurrency model called “peer-to-peer exchange. Peer-to-Peer exchange is popular among millennials and features bidding. This exchange mode (MOE) will improve peer-to-peer transactions, reducing their volatile nature, giving price advantage and control to traders of the cryptocurrency. Platforms like Valor Exchange exist to help traders run their trades in a secure environment with escrow in place and wallets.
Peer-to-Peer exchange is a growing means of exchanging utility and service among millennials from uber, Jumia, eBay, Amazon. The same is not far from how cryptocurrency is being traded, making it exhibit its course of existence. Most millennials are tech-savvy and are adopting a seamless and decentralized peer to peer economy. The millennials have successfully transitioned from peer-to-peer exchange to building decentralized contracts, finance and applications.
How do you buy cryptocurrency today?
Buying cryptocurrency requires you to use your debit or credit card to buy from a central exchange, Bitcoin ATM, or Kiosks or via Peer-to-Peer. The former often charge a high processing fee, tedious regulation and sometimes a delay in its execution. Due to these challenges, many millennials have opted for peer-to-peer buying and selling mode, which is used to purchase cryptocurrencies across various exchange platforms. Valor exchange takes it a step further with its unique exchange mode known as the peer-to-peer bidding system, the very first of its kind.