The exchange being constructed is going to be very interesting. Bittrex delisting and cryptopia failing was not good but having your own independent exchange will be a huge step forward.
With the Bitbay base code, can other 3rd party teams built services on top of it? It seems ideal for futures or sports betting, and you could have hosts of independent fully automated stores with auto escrow for high value items like bullion.
Yes it can. In the future the community will be able to create a library of both open source and closed source dapps.
These smart contracts can run "under the hood" in any website that wishes to integrate BitBay as a payment option. And since BitBay is already providing a price stabilizing mechanism, it gives us that much more appeal to be used as a payment method!
The automated escrow is key to keeping the contracts trustless. And when you no longer need a middleman to host the contract, you can cut out the fees associated with them.
This puts more money back into the pockets of the users!
I have used the market wallet and it is one of the most advanced I have used. The number of options is quite immense. Is there a planned web and phone based front end with all of the same features? The videos and tutorial are very good. There could be a few more.
I can find no other project that comes close to offering anything like this project does outside of the top 20 that is anywhere near completion.
I actually started this thread to entice other members to suggest any other projects that offer something like Bitbay. It genuinely does seem to offer more than any other alt out there and certainly more than anything outside of the very most well known and billion dollar caps.