I’m posting here from a place of frustration, but also genuine curiosity. So forgive my ignorance on this topic if I post something that’s been discussed many times, or that makes no sense. But, I must ask:
Would it be at all possible for Cardano to invest the resources necessary to create a marketplace for purchasing ADA with fiat (and fiat with ADA), to eliminate the need to go through other 3rd party venues?
I ask because the way I’ve bought ADA to date is to buy LTC on Coinbase, transfer that to Binance, transfer the LTC to BTC, and transfer the BTC to ADA, before moving that to my wallet, or various wallets. And in past days that worked fine, albeit a bit of a hassle … until it stopped working. Yesterday I placed a purchase order for LTC, only to be told, “Pending – your LTC will arrive in 7 days.” Now, as the price of LTC crashes, and adjusts, I’m sitting waiting for my purchase, when all I wanted initially was to boost my position in ADA. On top of all of this … Coinbase has taken the funds, and simply failed to deliver the LTC in a timely fashion.
How much of an undertaking would it be to create a marketplace, where a person like myself could buy ADA via USD, and transfer directly from that source to my wallet, while avoiding sites like coinbase, and exchanges like binance, entirely? Is it possible? Is that not what the beloved ATM’s people speak of would be for?
Thanks for any, and all, responses.