Metaco unleashes Fiat on Testnet Blockchain ! (Open Asset Protocol)
Hey, I am Nicolas Dorier and as the CTO of Metaco, I am happy to announce the first testnet release of our ambitious goal: bringing traditional currencies to your bitcoin wallet aside of your bitcoins, and with integrated trading!
Metaco is effectively a colored coins broker bringing traditional financial institutions to the Blockchain, and making the market to provide liquidity. In other words, you will be able to trade bitcoins for EUR, USD and other assets without the need for a bank account, directly from your Bitcoin wallet. Trades take place directly on the Blockchain — we do not own your private keys.
We provide a full fledged trading API for third-party Blockchain apps that need on-blockchain trading features — either for hedging / investing, or for their own clients. We are effectively a broker / liquidity provider. At this time, we only release a beta version of our trading web app in order to get your feedbacks. It is a typical app relying on our trading API (hoping to open source that !). Please do not hesitate to play with it and contact us with any suggestions you might have.
Once we release our platform to the mainnet, we will announce our partnerships with licensed issuers as well as Bitcoin wallets integrating our trading technology (you will have the joy to fill up KYC/AML forms so you don't launder yourself by mistake 😉 ). Thanks to the Open Assets specification, you'll be able to transfer your assets between compatible wallets like Coinprism as easily as usual bitcoins, and trade them without exposing your private key and without counter-party risk.
We look forward to see you experiment with monopoly-securities trading until we release the mainnet version with actual securities.
Link : http://bit.ly/1fRl2wx
Since it is on testnet, you will need some free testnet bitcoin which you can find in several faucet like : http://bit.ly/1EvMaNx (search bitcoin testnet faucet on google)
Please follow up with all feedbacks and comments you might have!
n.b.: minor edits
Submitted August 31, 2015 at 10:42PM by MetacoSA
via reddit http://bit.ly/1fRl07C