Hamid Benyahia is CEO of Dether, a peer-to-peer network for connecting cryptocurrency buyers and sellers and physical stores that is based on an Ethereum decentralized application that can run on any smartphone. Hamid will be joined by his co-founder Mehdi Amari.
For Bitcoin Wednesday on 4 October 2017, co-founders Hamid Benyahia and Mehdi Amari will talk about barriers to Ethereum mass adoption and give a demo of their solution, Dether.
In the words of Vitalik Buterin, “Decentralization is blockchain’s entire raison d’être.” The first example, the Bitcoin blockchain was introduced by Satoshi Nakamoto in 2008 as an “Electronic Peer-to-Peer cash system”. Ethereum was originally designed to allow anyone to build and use unstoppable applications in a way that is — theoretically, at least — censorship resistant and cannot be controlled by a central authority.
In this world it is possible to participate in decentralized autonomous organizations without previously knowing any of the participants. However, buying and selling cryptocurrency for traditional currency remains a centralized process that is long and difficult, and billions of adults are still practically excluded from doing it.
As a peer-to-peer cryptocurrency network, Dether aims to change this situation. It allows anyone to buy and sell cryptocurrencies in exchange for cash via a decentralized mobile app. It also aims to create a global ecosystem of cryptocurrency buyers and sellers as well as physical stores where you can use it as a means of payment or where you can can trade it in exchange for traditional cash.
Dether can be installed on any smart phone. Once you have it you can buy and sell cryptocurrencies without a bank account or spend them at physical stores without a credit or debit card.
Hamid Benyahia is both a Blockchain entrepreneur and a startup coach. He is both French and Algerian. He founded several companies and started working on blockchain proof-of-concepts for companies of the CAC40 stock index. He also helped blockchain startup iExec as a contractor. Before he realized that a solution like Dether is missing, Hamid previously worked on blockchain-based remittance solutions. He has degrees from both Sciences Po and HEC in Paris.