Another contender for the role of removing crypto volatility and allowing switching between other currency exposures like USD and gold. Has recently received VC funding.
I'll start discussion with the following views:
i) simple to understand and to access, especially for mainstream, and for small business[/li][/list]
ii) appealing options to lock in and out of a broad range of assets[/li][/list]
iii) spreads should be usually reasonable given Coinapult is accessing liquidity in major exchange markets
i) counterparty risk with Coinapult, a small and unknown entity (even though Coinpault holds reserves, this is not transparent, and they might mess something up).
ii) user has no collateral protection (BTC are transferred to Coinapult and nothing in return)
iii) spreads are high enough that frequent switching between assets is still very costly
Even though there are risks, which may be borne out later, I think this will find some appeal in the market. Thoughts?