USD -> PYN -> BTC and BTC -> PYN -> USD looks strange.
How can longer transaction costs less than short BTC -> USD for example?
PYN looks like 5th wheel in a car.
Or maybe I did not understand something?
I appreciate your feedback! We are on the process of adding a section in our documents for an Exchange information which will help explain why we are going thru PYN. Please do watch out for the updated version.
I'm interesting in it too.
Still no section about exchanges and no reason why USD -> PYN -> BTC and BTC -> PYN -> USD is better than BTC -> USD and USD-> BTC.
Hi! Thank you for this good question. You could check out our CEO Brian Tan answering what PYN's role is here in this interview:
Hope this clears the confusion.