Monetary reforms and a lack of regulation mean crypto is booming in Cuba.
LocalBitcoins is a P2P cryptocurrency exchange that was founded in Finland in 2012. The platform allows for safe and anonymous transactions with Bitcoin directly between only the retailer and the customer without any involvement by the exchange. It is considered that its model makes all operations faster and more convenient. The service works in 224 countries, so a wide range of fiat currencies are available. Besides that, all the operations are possible online and offline by providing a user with the required information about locations of the participating retailers in his region. LocalBitcoins fees are quite low compared with other exchanges and are only 1% of any operation made by the seller. To stay secure, it is necessary to investigate all the information about the other party of the transaction. This can be found out from its reputation and number of years its been using the LocalBitcoins app.
Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable.7488
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.10719
LocalBitcoins’ website has been blacklisted in one of its key markets.3243
Crypto businesses are unsure how to react to new regulations in the Russian Federation.15802
While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week.10173
Early mistakes can mean big losses.10114
Bitcoin goes quite well with tacos.5140
In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum.11660
The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume.4488
LocalBitcoins has partnered with blockchain intelligence firm Elliptic to gain access to new blockchain monitoring tools that can help prevent the illicit use of its services.3014
Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.9551
LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform's KYC overhaul impacting trade volume on the platform.2918
As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices.11778
LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019.7545