RE: Will we ever be able to withdraw our money directly through the Steemit platform?

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Will we ever be able to withdraw our money directly through the Steemit platform?

in steemit •  7 years ago 

The main challenge there as I understand it is that the Steem ecosystem as a whole is intended to be decentralized. Being able to directly withdraw from steemit would require a central authority doing the trades from Steem -> Other Crypto -> Fiat.

Someone could start up a fiat exchange directly with steem - but that would require fairly significant risk, overhead and couldn't expand globally all that easily.

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7 years ago by

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      ·  7 years ago 

    I see, is there anyway around this?

    Although, if Steem ever makes it onto CoinBase I will be happy. I actually trust them, but do you think it will ever be traded on there?

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