Localbitcoins, a leading crypto peer-to-peer (P2P) platform, now accepts Bitcoin Cash (BCH), Cardano (ADA) Chainlink (LINK), Tether (USDT), Dogecoin (DOGE) and USD Coin (USDC) as payment methods. LocalBitcoins is similar to platforms like Binance P2P, and Paxful.
Bitcoin cash and other crypto can now be used to create advertisements on the P2P trading platform.
In their blog post, the LocalBitcoins said,
“You asked, we complied! Some highly anticipated altcoins have now been added as payment methods! ”
LocalBitcoins also announced the inclusion of over 40 other alternative payment methods such as AirTM, Support Account Transfers, MercadoPago, Chime and PIX in Brazil, which will be available in a number of countries listed in their medium post.
Among bitcoin traders, there is a battle for supremacy between LocalBitcoins and Paxful. The former is dominant in Latin America, where it has taken root as the only option for traders. A legal restriction prevents Paxful from trading cryptocurrencies in Venezuela. And according to a report by blockchain data firm Chainalysis, Venezuela has one of the highest crypto adoption rates in the world.
Bitcoin Cash is gaining attraction of plenty of business. As BCH is accepted by more than 600 business worldwide. The most recent business that start accepting BCH are LocalBitcoins, Airbaltic, Cryptoclothing.cc, CryptoStop, Ping Proxies, and LNOcasino.club