OTC Market Challenges and Barter’s Solutions

Hello! 👋🏻 In this article, we will guide you about the challenges of the OTC market and the Barter Smartplace platform.

❓ What is the OTC market?

The over-the-counter (OTC) market is a decentralized marketplace, usually with no physical location. In such a market, participants trade with each other virtually, through electronic trading systems.
OTC and exchange markets are the main ways of organizing financial markets. In the OTC market, dealers act as market makers, spreading the prices at which they will buy and sell a security or currency.
The advantage of over-the-counter markets is that they are less constrained by regulations than exchange markets. However, OTC markets have a number of problems.

🤒 OTC Market Issues
There are a number of challenges in the OTC market today that Barter Company seeks to solve. The main problems are as follows:
🔻 It takes a lot of time to legalize a transaction on a remote basis (up to several weeks);
🔻 Paper documents may be subject to destruction and/or falsification;
🔻 A lot of time is spent looking for the required document in the “paper” register;
🔻 Due to a large number of intermediaries, there is no confidentiality;
🔻 The difficulty of exchanging digital assets for real ones.

The creation of Barter Smartplace is aimed at solving existing problems and developing the market.

Barter Smartplace is a confidential digital asset exchange platform based on a legal smart contract.

✅ Barter OTC Solutions:

✔️ Instant conclusion of a contract using a digital signature from anywhere in the world;
✔️ An electronic document is reliably protected from malicious changes; Search for the required document in the digital database in a few seconds;
✔️ Respect for confidentiality for the parties to the contract, the transaction is concluded without intermediaries;
✔️ Ability to exchange digital assets for real valuable objects.

🎯 Barter intends to create a blockchain platform for barter transactions, the objects of which can be any tokenized assets and liquid currencies.
🎯 Additionally, but as the main element of the platform’s ecosystem, a real valuable asset tokenization service is provided, which can subsequently be placed on Smartplace.
🎯 Technologies of digital assets remove the barrier of trust, increase the confidentiality of the participants in the transaction, and the speed of its execution. A legal smart contract with an electronic signature allows you to achieve high reliability and convenience of service.

Learn more about the features and benefits of Barter in more detail on the official website: http://barter.company
Join the community: http://t.me/barterteam
Telegram wallet: http://t.me/barterwalletbot