I discovered relai app, an app where you can buy Bitcoin only. I find the app quite interesting : it keeps it simple by focusing only on Bitcoin, and can therefore underline bitcoins advantages throughout the whole experience.
Does anyone know what it would take to put such exchange for Zcash only?
The simplicity of such app is appealing: stack one and only coin on your wallet you own the keys of.
@aquietinvestor, I read you’re busy setting up a non profit in Switzerland. Would it make sense for Shieldedlabs to explore such solution?
Hi @den. Thanks for bringing this to my attention. I was not aware of Relai before, but it looks pretty cool. Here are a few thoughts I have:
If there is a significant increase in demand for Zcash during the next market expansion cycle, having a service like Relai could be valuable. However, I don’t believe it aligns well with Shielded Labs, which is primarily focused on things like core protocol development, user adoption, and community support. It’s also important to note that Shielded Labs is not a financial service provider like Relai.
A company like Relai would be better suited with a for-profit business model that generates revenue through trading fees or market-making (i.e. a bid-ask spread). For this model to be viable, there would need to be a significant increase in demand. I think we’ll eventually get there, but it will take time.