Quote from: your_favourite_commie on November 06, 2018, 01:51:08 PM

Quote from: Jarvis IO on November 06, 2018, 12:47:41 PM

Quote from: your_favourite_commie on November 05, 2018, 05:23:31 PM

Quote from: Dronstop on November 02, 2018, 05:09:26 PM

And you don't think you can compete with Kucoin or Binance, do you?

Since when Kucoin is still relevant or am I am missing sth?

As for the project, look nice but I do not quite understand how Forex and crypto brokers will work together?! I guess I should read WP one more time...

Hi!
Karina from the Jarvis team here. What do you mean exactly?

Do you mean what the benefits are or how technically it will work?

The benefits I understand, the technical part is that I have questions about. Thank you for the response:)

To understand more about Jarvis it is helpful to review a little of how the FX market works. With FX either the broker or the prime broker has an account with a liquidity provider, which provides the Forex liquidity. When you deposit money into the broker account, the most brokers will take some funds and put them in a centralized USD pool, and the broker will open a mirrored trading account in USD in your trading platform (let say, it is MT4). So the money you see in MT4 is the mirror of the money you have deposited in the banking account of the broker. When you take a trade, you make a loan within the liquidity of the broker. You trade with their money, and a leverage.

So Jarvis does the same : we open an account within a Forex Liquidity provider (not a broker). As example, 1 million USD deposit. But instead of depositing money in a banking account, you deposit it in your wallet.

From your wallet, either you have fiat (let say 10 000 USD) or you have another asset (let's assume few Bitcoins). When you trade FX, we will lock your money (either the 10k USD or the BTC you have) into an escrow. Then, a loan is triggered in the liquidity pool connected to the Forex liquidity provider. You can now trade Fx without a broker, directly from your wallet.

I hope it answers your question

There is a drawing on the whitepaper, by the way, to explain a bit how things are structured.