Will Cryptocurrency-Backed Matchmaking Platforms Shape the Future of Online Dating?

Latest update: Oct 07, 2020 by Suzanne Dates
Will Cryptocurrency-Backed Matchmaking Platforms Beat Online Dating Apps?

Instead of chatting with someone who is hiding behind the avatar on a dating website, you can meet a soulmate in your dating pool vouched by your close friend.

The number of dating sites is constantly growing, however, as new findings show, more and more single people prefer to pay money to personal matchmakers to find them a soulmate.

The online and offline dating industry is estimated to be worth more than $1 billion in the United States only. According to The Matchmaking Institute, personal matchmaking services account for about $500 million, which makes it attractive for crypto-backed platforms.

One of the main factors why matchmaking services beat online dating sites is a disappointment that a lot of users face. Taking into account that online dating services don’t guarantee that you meet a bunch of potential dates or get into long-term relationships.

So will matchmaking platforms such as Matchpool be more relevant nowadays?

Bitcoins and Online Dating

Imagine if you transformed Slack into the matchmaking service. That’s the initial idea behind blockchain-based services such as Matchpool - a dating platform that can potentially be the biggest threat to online dating sites.

Although it sounds difficult, such platform is just a place where you join pools of friends that connect like-minded people with the intention to make a match. Currently, Matchpool has just launched its platform in alpha on July 11th.

The Alpha version already offers basic functionality of social platform that includes an option to join and create your community pools (which resemble Facebook groups and Slack channels), to link pools to geographical locations, send messages, etc. The membership can be both paid and free-of-charge. Any further functions and the launch of beta version heavily rely on the results of alpha public testing.

As founders explain, “Our vision is to build a platform for matchmakers by allowing anyone to create their own community ‘pool’ for free and invite their members to their pool. End users of our platform will be able to find connections on the app by joining the pools that best cater to their needs."

Benefits of Matchmaking Platforms Over Traditional Online Dating Sites

As pools are based on mutual interests, and the people who would like to be involved are more likely to know each other, members can be sure that the matches made through these pools are genuine. Compared to traditional online dating sites, on Matchpool you will not guess whether your potential date is lying about his appearance or marital status.

If you’ve already found a couple, Matchpool can offer a reward to a matchmaker. Pools owners receive a reward every time they create a match inside their pool. The reward is called “Guppies” - a cryptocurrency similar to bitcoin.

Get More Privacy

Crypto-based matchmaking platforms guarantee more privacy than any dating app can ever provide. And here are the reasons for this:

  • Due to their decentralized nature, there is a tiny chance that they fail accidentally;
  • It is more expensive to attack them;

Whether matchmaking platforms disrupt the traditional online dating sites or not, matchmaking specialists believe them to be the biggest game changers in the dating industry. Moreover, single people will benefit from it as well. Instead of chatting with someone who is hiding behind the avatar on a dating website, you can meet a soulmate in your dating pool vouched by your close friend. It significantly increases chances to get involved in mindful relationships.

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