• Home
  • Live Data
  • Events
Home Crypto Ticker Origin Marketplace Adds DAI Support

Shutterstock

Origin Marketplace Adds DAI Support

-

Ethereum-based Origin, a decentralized marketplace similar to eBay, has just announced its addition of Maker’s DAI stablecoin to its list of supported currencies. DAI will be the first ERC-20 token to be approved by the Origin platform as an accepted currency.

According to a press release, the update is aimed at improving user convenience. Prior to the new addition, all goods were priced in ETH, and users were required to calculate prices to their fiat value. Now, all prices will be displayed in both ETH and fiat, and purchases will be available in DAI.

The update comes in response to user concerns regarding constantly fluctuating ETH prices, and an inability to accurately price their goods. In the announcement, Nick Poulden, Senior Engineer at Origin said:

SIMETRI Research

“A home rental listed at one ETH/night could be $300 today and $150 next week. Now, that same listing will remain at $300 USD without requiring the seller to constantly monitor cryptocurrency prices.”

Payments will be held in escrow to counteract value fluctuations, and DAI will retain its worth over long periods for advanced payments. Furthermore, Origin is offering seamless transfers between ETH and DAI through the Uniswap DEX smart contract. Transfers can take place directly within the dApp, credited instantly to the user’s accounts.

In the future, Origin will continue adding new features for the currencies it already supports, and will keep a close eye on stablecoins it could add in the future.

The Origin project is focused on not only ramping up crypto liquidity through its peer-to-peer marketplace, but also by offering a user experience with which centralized online stores cannot compete.

DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Jalen Fargharson
Jalen Fargharson
Jalen is a Brooklyn native now living in Florida, where he is a licensed life insurance, variable annuities, and securities agent. Despite this background in traditional finance, it's cryptocurrency that truly stirs his passion. Jalen drinks more green juice than is good for him, and his Maltese pup is definitely the boss of him.

JOIN OUR COMMUNITY!

Join the conversation on Telegram and Twitter!

8,109FollowersFollow
1,314SubscribersSubscribe

More News & Analysis

Get The Best Of Crypto Briefing!

Crypto news flashes, new DARE research, upcoming mainnet launches, market reports, and much more!

X
X